FAQ’sEFWines brings you a diverse and exciting portfolio of Europe's most collectable fine wines
How do I know that the wine exists?
We use the specialist fine wine storage facilities of Vinotheque, operated by the respected bonded warehouse operator London City Bond, (LCB) for the storage of your wine; your collection is stored under your name and under bond, which means there is no duty or VAT to pay.
You are also able to access, view and manage your account online through LCB’s website. Using their independent inspection services, we are able to provide a condition report, including photographs, of the wines before you purchase.
How do I know the wine is still in good condition?
The photographs and condition report will confirm that the wine is in Original Wooden Case (known as OWC), which is an important part of the provenance; look for transit stickers, you don’t want wine that has travelled around the world; the report will also cover whether the labels and capsules are in good condition and that the evaporation rate is consistent with the vintage.
What are the benefits of storing in a bonded warehouse?
There is a level of reassurance that a bonded warehouse is regulated by HMRC and must satisfy stringent criteria.
Investment grade wine must be stored in the right environment. The bonded warehouse will provide facilities appropriate for the long-term storage of fine wine. Climate control ensures the optimum temperature and humidity levels.
Insurance. The storage charge will include insurance cover for the replacement value of your wine – this needs to be reviewed each year to ensure that you have the appropriate level of cover.
Stock reporting. The warehouse offers the ability to view your stock online, but will otherwise send you an annual stock report showing your holding.
How do I know that the price I’m being sold at is correct?
The last 20 years have seen increased transparency in pricing, and supply. Fine wine indices and pricing sites allow even the novice buyer to verify performance and value. A vast amount of specialist information and opinion is available. Ask your account manager for further detail.
How quickly will I see results?
Be prepared to collect over the medium to long-term (3-5 years and upwards). Be suspicious of any merchant that claims to offer substantial short-term returns.
What are the advantages of wine collecting?
It only gets better in terms of quality with age and therefore appreciates rather than depreciates.
The demand for fine wine is proving to grow substantially and with anything when demand gets higher and supply lesser (as only a small handful of certain vintages are made yearly) it puts the price up.
There are no costs involved other than storage.
There are tax benefits involved, as you don’t pay tax while it’s stored in bond, however we always advise that you speak with your personal accountant on this subject.
What’s the minimum spend?
You can start building a portfolio from spending as little as £2,000 however we would advise between £5 -10,000 in order for us to be able to source wines that have a history of high performance.
How should I pay for my portfolio?
Pay with a credit card. As with all major purchases, there is significant protection afforded to credit card transactions.
How do I start building a portfolio?
So if you’ve decided that collecting fine wine is for you, and would like EFWines to advise you on how to build a portfolio that won’t leave a bitter aftertaste, simply get in touch and speak to an account manager today.
For the mainstream collector, there is only Bordeaux. When we talk about grade fine wine we are really talking about premium wines from the Bordeaux region. There are a host of other superb wines available from all around the world - lovely to drink, but the Bordeaux region makes up 90% of the market, so Bordeaux it is.
To read more on Bordeaux click here.
@efwines on Twitter
#Krug and Rousseau best November performers http://t.co/sjerF3qk0U
RT @SothebysWine: #Krug has for decades been the epitome of what great #champagne is capable of: depth, richness and complexity. http://t.c…
@alexharperwine @Bancroft_FW had the 82 Latour a few weeks ago and was blown away! Hope it was a good bottle for you.
Laughing in the Purple Reign - Purple may not be the colour most people associate with France's most prestigious wine region
The Market - Wine NEWS
There is a global wine shortage according to analysts at Morgan Stanley, and 2013 has been as poor a harvest as in living memory.
It seems it is long time since the heyday for investors in this most liquid of assets.
Back in 2011, buoyed by huge interest in fine-wine investing in China and hot on the heels of two of the best vintages of the past century, prices surged. The release prices of the 2009 and 2010 vintages broke all records as growers restricted supply and cashed-in
Then the market went pop as interest cooled in the far east and the harvests and wine quality turned for the worse. Prices of key investment wines tumbled by around a quarter.
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