UKV PLC Wines is UK Company dealing with wine trade. The company enjoys a great network of merchants, negotiators, and traders across Europe. The relationship enables the firm to secure and dispose of any stock using cost friendly methods.
It offers collective investment portfolio to investors. In the process, the investment is pooled, and an investor will receive a share in the collection of wine, which is managed by the company. The service offers various options that give a person a right choice when selling. The person also benefits from the free no obligation valuation of the wine before making a final decision.
The purpose of valuation is to ensure the wine will sell fast on the market. Before listing the wine on the company stock list, UKV PLC agrees to a minimum price and sells the wine through a website and their brokerage service. It takes a commission of 10 percent of selling price.
Consequently, UKV PLC Wines can get an independent valuation of the wine through a network of brokers and merchants. It helps to obtain unbiased market value from a third party for the wine. The client gets the best of the offers for consideration before offering the wine for selling.
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UKV PLC Wines always has an interest in buying quality wine for adding to existing stock. Anyone owning wine on bond and wants to sell can get a free valuation. The other option is getting a straight sale whereby the company buys wine directly from the client. In this instance, UKV PLC Wines values the wine and makes a fair offer. The offer is based on the price the same wine can fetch on the market from trade supply during the time of valuation.
When selling the wine through the brokerage service, the stock is transferred into bonded trade account for condition verification. The check includes bottle labels, actual case, and wine level per bottle. When the conditions are satisfactory, selling of the wine is on the open market.
Existing clients enjoy a reduced commission of 2.5 percent from 10 percent. Regardless of where the wine came from UKV PLC Wines charges commission based on full selling price.