Buying
As a prestige new wine merchant, we are always interested in buying high quality, low production stock as our whole business activity is based on buying and selling exceptional wines.
We acquire stock from a wide variety of reputable sources, merchants, brokers, traders and private individuals – provided the wine is of a high calibre, desirable and held under bond in perfect condition.
If you wish to sell any of your own wine, you can contact our Buying Department via email or phone.
The list should clearly describe the wine size, format, the number of bottles in a case and the number of cases you wish to sell. Once we receive the email, we will give you an open market trade value for your stock free of charge.
Selling
If you wish to sell your wine on the open market, Ninety and Above operate a wine broking service.
We make a standard commission charge of 10% for selling private wine stock based only on the profit realised for wines that are purchased through Ninety and Above.
For wine purchased through another source, we charge 10% of the total value of the completed sale value of the transaction. This charge covers all transfers and handling fees for transactions within the UK.
Validation
Any wine being offered for sale must be transferred into our bonded warehouse account for validation and inspection so that the condition of the stock, labels and neck levels can be established before any confirmed offer to purchase is made to a third party buyer.
Please Note: We will only consider a purchase of wine that is held under bond, is verified to not to have been shopped outside of Europe and is presented in original wooden cases.
If you wish to sell your wine to the open market, Ninety and Above operate a wine broking service.
We make a standard commission charge of 10% for selling private wine stock based only on the profit realised for wines that are purchased through Ninety and Above.
For wine purchased through another source, we charge 10% of the total value of the completed sale value of the transaction. This charge covers all transfers and handling fees for transactions within the UK.
Storage & Insurence
Proper storage of new wine is absolutely critical, regardless of whether you wish to drink and enjoy or lay it down for future sale. You should regularly check and make sure that your wine is stored within a secure, climatically controlled environment.
Fluctuations in temperature can be lethal and can quickly ruin the new wine. This is why most professional storage facilities have controlled environments where humidity and temperature are constantly monitored.
Ninety and Above uses an independent, HMRC regulated facility with additional climatic controlled monitoring, installed to ensure that your wines are kept at a constant temperature, out of sunlight and away from vibration. This is to ensure that the stock is kept in the best condition and best quality.
Ninety and Above strongly recommend clients to use a private account, so they have complete control over everything and they can be assured that their wine is secure and fully insured at all times.
The storage of your wine under bond has the added benefit of deferring any import duty or VAT on the wine. This levy only comes payable upon removal from the bond when you wish to consume the wine.
Ninety and Above recommend wine to be kept and sold under bond so that the advantage of the HMRC tax treatment can be put to use. This also provides additional provenance history.
Storage and insurance cost can vary from bond to bond. A guide price for annual storage and insurance can range from £16 - £18 per case, which is payable in advance directly to the bonded warehouse via direct debit. The payment for storage and insurance is the responsibility of the client that possesses the private account within the bonded warehouse.
Contact Info
111 Park Street’ Mayfair, London, W1K 7JF
