Many clients prefer this service. We simply agree a price for the wine, arrange for its collection (or delivery if in professional storage) and send full payment to the client on receipt of the wine. The entire process can be completed in one day.
We can facilitate up to £250,000 in one transaction.
It may sometimes be possible to obtain a better price using this mechanism. This takes longer than the outright purchase. We agree an exclusive sale agreement with the client whereby we undertake to sell the wine over a specific time period. A pricing structure can be built into the agreement (dependant on the size of the portfolio). We do not take physical possession of the wine until we have managed to sell it. This option, whilst slower and less certain, provides an opportunity to fully investigate and maximise the sale value of a cellar.
How Does Payment and Collection Work?
The majority of our wine stock is held at our storage partner Vinotheque’s facility in Burton-On-Trent. We are now pleased to offer upfront payment to clients who have wine stored at this site. Once a price has been agreed, we will transfer the full cash amount prior to taking possession of your wine. Unfortunately we are currently unable to offer this service for wine stored at other bonded facilities as we depend on independent quality checks, however we can still provide prompt payment once we have inspected your bottles.
A member of our team will organise a collection and upon arrival we will do a quality check of your wine. Providing it meets requirements, we pay you directly.
Whether you’re looking to sell wine to release retirement funds or wanting to diversify your portfolio, we can make a competitive offer on your portfolio.