Storing fine wine in bond
The easiest way to prove unquestionable provenance is to store fine wine in wooden cases in bond (IB) in a bonded warehouse such as Singapore Wine Vault. Such bonded warehouses provide the optimum environment for fine wine storage, by carefully regulating temperature, humidity and other microclimatic factors.
Bonded warehouses have often built up a trusted reputation over centuries and are also subject to strict rules, the result being an audit trail for every case stored in bond, which provides you with a solid method for tracing provenance.
In addition wines stored IB are not liable for Duty and GST as they are considered ‘in transit’. A case of IB wine may change hands multiple times without ever leaving the bonded warehouse which removes the risk of damage and disruption. As owner of IB wine you will hold certificates which prove your ownership of the wine as a physical asset- a significant advantage over non-physical assets such as equities which hold no inherent value, other than the paper they are printed on.
Annual storage costs IB are between £10-25 pounds to ensure this perfect provenance.
Wine storage prices vary greatly depending on the location. If you have wines in bond already please contact us to see if we can arrange a better price.
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