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What is the relevance of only buying wines ‘Under Bond’?

April 26, 2017buying relevance wines

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What is the relevance of only buying wines ‘Under Bond’?

2 Answers

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Ravit Grimberg Posted

Giles Cadman is a great asset in answering this question when it comes to investing in fine wine. See what he says: http://gilescadman.com/wine-blog/

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Taxes are only paid on wine when it is released into free circulation so it makes no sense to buy wine outside the bonded warehouse system. Additionally a wine stored in bond can be checked with regard to provenance and its storage conditions are virtually guaranteed unlike a case of wine in free circulation which may have spent 5 years in the wildly fluctuating temperatures of an uninsulated garage.