Buying wine in bond and selling wine in bond at auction Wine Auctioneer Launches New Service to Buy and Sell In-Bond Wines

Back to news

Wine Auctioneer is pleased to announce that we are starting in bond services for selling and buying mature and rare fine wines through our auction platform. Building on our auction service, the offering of in bond buying and selling will allow wine lovers, collectors and connoisseurs access to some of the worlds rarest and most unique in bond wines. In addition to great in bond wines, we offer a user-friendly website, exceptionally competitive fees, a fast professional service and a partnership with one of the UK's oldest and most experienced bonded warehouses. If you are interested in buying in bond wine, read about the many advantages and benefits below. 

We have also created an entire new section in our Help section, where our step-by-step guides will walk you through the process of buying and selling wine in bond with Wine Auctioneer.

 

Benefits of buying and selling wine in bond?

  • Duty and VAT - Wines bought in bond have Duty and VAT deferred. If you wish to sell your wine in bond, you will not pay VAT and Duty unless removed from bond.

  • VAT efficiency - If you wish to have wine removed from bond in the future, then there is the benefit that VAT is payable on the initial sale price of the wine, not the current market value.

  • Provenance and tracking of ownership - Wines that have been stored in bond are much easier to track, raising confidence on provenance.

  • Secure, climate optimised bonded warehouse - When you buy or sell wine in bond with Wine Auctioneer, you have the option of storing it in our bonded warehouse, where you can be confident it will be cared for and handled properly in optimal facilities. The bonded warehouse is free from vibration, UV and daylight with bespoke temperature and humidity controls ideal for fine wine storage and maturation.

  • Demand for in-bond wine - Due to the provenance, tracking, reassurance in storage and Duty/VAT efficiencies, wines stored in bond are very attractive to prospective buyers. Therefore, secondary market prices will often achieve or exceed a similar value for regardless whether the Duty and VAT are paid.

Benefits of buying and selling wine in bond

Elsewhere in news

Tags