There are now many people who want to sell but have no means to. It’s true RT prices are high but I think the sellers will migrate to this platform which still increase the supply and make the prices lower.
So RumTrades March auction was launched yesterday : 365 lots, far more than usually. The transfer from Rum Auctioneer is already on its way.
Is Rum Trades also located in the UK or is it EU?
Located in Italy.
Yes, I also noticed it. They are growing in quantity and quality. Let’s see what happens next.
Now the question is: do enough people know about rumtrades? Certainly their most expensive bottles will be priced accordingly but will there be enough people to bid up the middle and lower range bottles?
The crowd will build in time. Rum Auctioneer has a long history, preceeded by WhiskyAuctioneer.