Berry Bros. & Rudd, the UK’s oldest fine wine and spirits merchant, has announced its entry into the fine wine auction market with the launch of Berry Bros. & Rudd Auctions.
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At first glance, the day-to-day logistics of running a bonded warehouse is scarcely of any interest to the wider trade, let alone consumers. Regarded as a prosaic stepping stone in the overall supply chain, firms such as Berry Bros & Rudd (BBR) have been managing these “holding bays” for decades, a regulated space where imported goods that are intended for export can be stored without actually entering the UK market. Duty and VAT payments are deferred until the wine is sold or removed from the bonded warehouse. It’s that simple.
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