The “Frequently Asked Questions” Guide

Our in-bond storage: a world-class facility
Your bottles are secured and fully insured in our climate-controlled bonded warehouses located in Beaune and Bordeaux [France].

Your ownership is tracked
We create a sub-account for you in our in-bound cellars (duty-free zone) located in Beaune and Bordeaux. A monthly report of your inventory is sent to you.

Fiscal Benefits of storing in bond

Tax savings: No VAT nor Excise duties apply when buying or selling wines that are stored in our bonded warehouses. You will not be subject to any taxation unless your wines are extracted from the in-bond inventory and shipped to a destination. Furthermore, VAT is payable on the initial sale price of the wine, not the current market value, which provides a financial edge. At time of withdrawal, our wine advisor submits an all-inclusive quotation for shipping fees and taxes for client validation.

Capital Gain Taxes are subject to the customer’s tax residency and should be filed (if required) by the customer himself (whenever applicable). WineCo Swiss SA through its APP “Vintage-Cellar” does not withhold any Capital Gain Tax.

Authenticity and tracking of ownership: Wines stored in bond are easier to track, boosting confidence in provenance, enabling easier liquidation, and enhancing value in the secondary market.

Secured storage: The bonded warehouses are equipped with ideal storage conditions. Temperature and humidity are controlled to ensure optimum wine storage and maturation.

What are the storage and insurance fees?
The storage & insurance of your wines will cost you an all-inclusive yearly fee of 1.5% from the total acquisition price.

How can I guarantee my ownership of acquired wines?
You will receive an invoice with your purchased wines. In addition, our state-of-the-art technology and dedicated digital tools will help you keep an eye on your collection in real-time through your VC APP and in-bound account.

Can I get photos of the wines in my cellar?
Upon request, your dedicated advisor will provide photographs of the wines in your portfolio for a fee of 10€ per case. We cannot take photographs of En Primeur as these wines are not bottled yet.

I already have an in-bound account – can I transfer my wines to VC’s in-bound account for storage?
You can transfer your wines from an in-bound warehouse to Vintage Cellar’s in-bond warehouse. This service includes an additional handling fee.

How do you insure the wines?
All wines stored at our bonded warehouse are fully insured at market value. Clients settle an annual storage fee of 1.85€ per bottle inclusive of insurance. We certify that the stock of wine premises is covered against the following perils:

– FIRE, LIGHTNING, EXPLOSION;
– TERRORISM ATTACKS (ACCORDING TO THE 1986 FRENCH LAW);
– THEFT & PHYSICAL INVENTORY DISCREPANCIES IN THE PHYSICAL COUNTS;
– WINDSTORM, HAIL AND SNOW PRESSURE;
– WATER DAMAGE, FROST, THEFT, BOTTLE BREAKAGE;
– SMOKE DAMAGE, AIRCRAFT IMPACT, VEHICLE IMPACT;
– MALICIOUS DAMAGES, RIOTS, CIVIL COMMOTION;
– NATURAL DISASTERS [as per French law of July 13, 1982].