Benefits of Professional Wine Storage:
Optimum Conditions
In order to ensure the best possible ageing conditions for your wines, they should be stored at an even cellar temperature (12-14 centigrade), with a reasonable level of humidity, undisturbed and away from direct light.
Room to Grow
The size of a collection stored at home will be dictated by the space you have available. By using a professional wine storage facility such as London City Bond, your collection may grow as required, and you won’t be forced to consume wines before they are ready in order to create space for new arrivals.
Buy En-Primeur
Many of the world’s most sought-after wines are only ever available en primeur and will therefore require many years’ ageing prior to consumption. Having a professional wine storage facility in place will allow you to buy as soon as you see the wines come available.
Tax Efficiency
Wines stored in a professional bonded facility are not subject to import duty or VAT until taken out of bond for consumption, allowing you to spread the cost of purchase. While duty and VAT are paid at the prevailing rate when removed from bond, they are calculated on the cost of the wine at time of going into storage, even if the wine has since increased significantly in value. There is currently no capital gains tax applied to wine.
Proven Provenance
While most of our clients buy wines in order to build collections for personal consumption, many consider it important to take into account a wine’s future value. Receiving the wines you purchase en primeur direct into a professional wine storage facility assures potential buyers of their provenance and condition, and so may increase their market value.
Wine storage is a crucial component in the purchasing and enjoyment of fine wine. Nearly all will require a period of cellaring prior to consumption, especially when purchased en Primeur.
With poor storage conditions one of the leading causes of wine faults, it is important to put in place a long-term plan for wine storage prior to the purchase of fine wines.
Even for those clients fortunate enough to have the space to store wines at home, choosing instead to store at an established and well-known facility has the added benefit of assuring future buyers of the provenance and condition of your wines.
For this reason, musigny offers professional wine storage at London City Bond – a specialist, independent wine storage unit used by many of London’s leading wine merchants. As well as storing your wines, musigny offers a comprehensive cellar management service, advising you on wine consumption dates, and notifying you when wines are approaching maturity.
