Firstly we would need to understand your objectives in regards to investing in fine wine i.e. how much capital you want to invest over what period of time, any brand or regional preferences in terms of specific wines and any level of weighting within a portfolio. With this in mind our specialists will select wines and introduce them to you as portfolio options.
We recommend that you plan for your wine investment to be held for at least 3-5 years. Historically, the longer the investment is held, the better the returns. Certain wines have shown exceptional short-term gains in some years, but this is not the norm.
The details of our Service are set out in our terms and conditions and include the following:
Dedicated specialist Portfolio Manager who will advise you on the acquisition of a portfolio of fine wine with strong growth potential in line with your investment goals.
Access to the finest wines in the world, selected by our analysts for their investment potential.
Essential market information providing details on opportunities, market trends and price-sensitive news and events which may affect values.
Storage management for the first five years in a Government bonded, specialist facility to protect the quality and provenance of your wine and provide tax benefits.
The Service fee comprises a 3% annual fixed rate charge for the first 5 years, meaning a total fee of 15% is payable at the time of investment. Please see our Terms and Conditions for more information.
All investments carry risk and prices may go down as well as up, fine wine is no exception. Fine wine prices vary so always check that you are paying a fair price.
Vin-X is a founding member of the Wine Investment Association (WIA), which has established a code of practice for companies engaged in fine wine investment with the aim of protecting investors.
This is very important. Upon purchasing your wine you will receive a Certificate of Ownership from Vin-X recording the unique rotation number allocated to your wine by our nominated storage provider, London City Bond (‘LCB’). This unique reference is recorded in our and LCB’s systems and correlates with your wine stored within LCB’s storage facility. Clients may visit the facility and view their wine by arrangement. Vin-X has a custodial oversight to the storage arrangement and represents your interests with the storage provider.
In the case of buying wine en primeur, clients will receive a Certificate of Allocation, which will be replaced by the Certificate of Ownership once the wine is in bottled and shipped to In Bond storage in the UK.
The Vin-X Administration fee includes 5 years’ storage at a leading bonded warehouse, which specialises in fine wine. Correct storage conditions are essential for protecting the good provenance, quality and value of investment wine. VAT and Duty on wine is not chargeable until such time that the wine is removed from bonded storage. Should you sell your wine whilst still stored in bond you will not trigger the VAT and Duty payments.
You will be notified of the completion of the initial five-year service period covered under the original purchase arrangement of your wine. After this, a small annual charge is made for the on-going insurance and storage arrangements along with the provision of the full Vin-X service summarised in point 3 above.
We recommend that investment grade wines are stored in bonded storage for quality control, provenance and tax purposes. We will arrange the storage of any wine purchased from Vin-X with our nominated storage partner, LCB. If you already have a private In Bond account, we can arrange the transfer of any purchases into your own account, however, there may be a handling fee for such transfers.
In principle, fine wine is categorised as a ‘wasting asset’ or ‘chattel’ by HM Revenue & Customs and accordingly any profit on sale is exempt from Capital Gains Tax. For more information on the tax treatment of fine wine please see our Special Report on Tax and Fine Wine and contact your professional tax advisor.
Your Portfolio Manager will keep you informed on the price performance of your investment wine and will advise you on the optimum time to exit. When you have decided that you wish to sell your wine, your Portfolio Manager will advise you what price would be available in the market at the time and would undertake to broker the wine with an agreed target price. Vin-X cannot be liable to guarantee the level of return and would remind you that the prices in all investments can go down as well as up. There is no commission charge on the sale of wine acquired with Vin-X.
Your Portfolio Manager would be pleased to meet you at our office, Tasting Cellar or at a mutually agreed venue and time. Vin-X also holds events and wine tastings which clients are invited to attend to meet members of the team and get further information on the market opportunities and the Vin-X service.
It’s time to invest in one of the top-performing alternative assets over the last five years.
Or simply learn more about the world of fine wine!
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