PURCHASING WINE FOR INVESTMENT:
We buy & sell the wine at the live market price, as displayed on your fine wine platform. At the end of the process we sell your wine for you at the live bid you choose to sell at, meaning the sale is immediate. There is no VAT to pay on our Buying & Selling Fees.
Annual Management Fee:
PURCHASING WINE FOR CONSUMPTION:
When purchasing wine for delivery we add 7.5% to the price at which the wine is being offered for sale on the platform.
By law Duty & VAT will be added to the purchase price if the delivery is out of bond. Delivery is free to any bonded warehouse in the UK on orders over £1500.00. Private delivery is at cost.
SELLING WINE PURCHASED ELSEWHERE:
For duty-paid stock our selling fee is 15%.
For in-bond stock with a market value not exceeding £100,000.00 our selling fee is 9%.
For in-bond stock with a market value of £100,000.00 or more our selling fee is 8%.
For in-bond stock with a market value of £200,000.00 or more our selling fee 6.5%.
There is no VAT to pay on our fees.
Your stock will be stored at Liv-ex's storage facility at Tilbury, Vine International.
This service allows our investors to buy and sell their holding without any delays transporting stock from other warehouses.
Its innovative website provides access to stock records, movement details and photos, enabling customers to efficiently track orders online. Vine is also the only logistics provider that is fully integrated with Liv-ex, making trading on the exchange convenient and efficient.
Vine operates from two temperature controlled bonded warehouses in the heart of the international fine wine trade: in the UK at Tilbury Docks, Essex (20 minutes from London) and in Bordeaux, France
All wine is inspected before purchase. It is checked for fill levels, labels and condition of the original wooden case. Only wine that passes all the tests is purchased.
The insurance on your wine, under a policy issued by AON underwriters, covers the asset for full replacement and against all risks to the value at the time of any incident.
We levy a charge of £18.00 per unit per year (case or bottle).
Yes: Like any investment the value of fine wine can go down as well as up.
Your money is not invested with Aston Lovell but in the wine itself so your investment is perfectly secure.
Storing your wine in bond means there is not VAT or import duty to pay. If trading wine you will be liable for Capital Gains Tax. Inheritance Tax will be charged on the value of the cellar and not the purchase price of the wine. Please speak to your tax adviser before making any investment decisions.
You can invest in wine for as little as £250.
With the Aston Lovell Fine Wine Platform you may hold your wine for as long or short a period as you wish. Traditionally fine wine is a medium to long term market, but because you are buying and selling wine on the London International Vintners exchange, with live prices, you can uniquely take advantage of any short-term gains by simply pressing the SELL button.
However, we would recommend that you look at fine wine as a medium-long term investment (3-5 years and beyond).
You press the SELL button and your wine is sold instantly.
Aston Lovell Ltd was incorporated in May 2006.