Broking

For advice on broking, contact

Tel: +44 (0) 1732 779 343

• simon@bwiltd.co.uk
• martin@bwiltd.co.uk
• Request call back

We sometimes offer wines that we don’t stock, with these wines we are usually representing one of our clients, on a broking basis. We will only present wines that we are confident are from a good source, and check the conditions before selling them on.

By offering broking wines we are able to offer a larger portfolio of wines, while our clients can buy and sell their wines with people they trust rather than out sourcing, which can incur additional costs. 

Our advice is free of charge, we will value your portfolio and advise on the optimum times and prices to sell your wines to capitalise on any gains made. Our recommendations are based on our extensive trading success.

On the sale of your wines, we retain 10% commission; you will receive the remaining 90% in full. The wine must be held at the BWI warehouse* premises prior to the sale of the wine in order for condition checks can be made.

• We will provide a valuation for each wine, based on our market knowledge and the condition of the bottles.
• Only with your agreement to sell at a price, agreed between you and your advisor we then market the wines through all suitable means available to us for maximum exposure.
• Our pricing strategy is competitive, so we experience high turnover of broking stock, for our clients as it is important to deliver a quick, efficient and reliable service.
• Should your wines be stored elsewhere (i.e. Vinotheque, Octavian, other merchants). Documentary evidence of possession and ownership and delivery of the wine to the BWI warehouse* premises will be required.
• En Primeur wine will not be bottled and shipped to your chosen destination until the spring 3 years from the vintage. i.e. 2007 vintage will arrive in Spring 2010. ‘Find out more'
• Should your wine not already be stored at the BWI warehouse*, and they are transfered, please note should your wine remains here for over 1 month, the warehouse storage charge of £8.20 per case per year will be applicable.

Our broking process is simple.

• We agree a fixed sale price and upon your acceptance of our Broking Agreement, we market these for you at this price.
• You will be notified upon sale of an item and having transferred the wines to us, will receive payment, minus our 10% sales commission, 30 days after we receive payment from the purchaser.

*London City Bond Warehouse.