November Newsletter 2021
As the end of 2021 approaches, the Seckford Team sends you its best wishes, and is pleased to advise that business continues as usual with everybody in good spirits! Daily, we source great wines to offer you; receive wines into storage; list stock for sale; and despatch orders for UK delivery.
Thank you for your continued support of Seckford Wines
We wish you a happy, healthy & prosperous 2022
~ from The Directors and all The Team
Seckford Headlines
- Storage Charge for 2022 remains unchanged at £9.54 per 12x75cl;
- Minimum Portfolio Charge remains unchanged at £30 per portfolio;
- Order by Monday 29th November for December delivery;
- Place instructions by Friday 17th December for release of stored wines for delivery in January to pre-empt the 2022 storage charge;
- Seckford will be closed from 5pm Thursday 23rd December to Tuesday 4th January 2022;
- Please read on for further details & the Seckford 2021 Market Update
Delivery Instructions
Should you wish to take delivery of any wines before the seasonal rush (and pre-empting the New Year rental charge, which is only applicable should you have any wines lying in Seckford Storage on 31st December 2021 - noting that any wines purchased lying ex-producer would also show in your Portfolio, but these would be exempt from rental until the wine is received into Seckford Storage) please advise Seckford in writing:
by Monday 29th November
for December delivery arrangements within mainland UK (other destinations are subject to your shipper's arrangements). Due to the increased use of national mail-order we anticipate that all couriers will be busier than usual during November & December. For this reason we have brought forward the cut-off date. Therefore it is advisable for us to have your request as soon as possible; and for you to take delivery at the earliest opportunity and not to leave it late.
However, we would strongly encourage a November delivery, so that all your deadline panic & stress is removed. When busy, the couriers will not be able to guarantee a next day service. and therefore a specific date cannot be agreed.
Meanwhile, Seckford's vans will continue their delivery schedule until Friday 17th December, with revisions likely for the final weeks. Deliveries to other UK Bonds will be curtailed as instructed by them; re-commencing in January.
by Friday 17th December
for customers wishing to withdraw stock from Storage before the 2022 charging period begins on 1st January, but can postpone delivery until the New Year. Please be advised that credits for storage will not be issued; therefore please make certain we have your instructions by 17th December; and/or advise us of any wines that you wish to list for sale.
We would recommend that you access "My Portfolio" today to check your stock-holding. Wines for orders already awaiting delivery instructions will not be included in your Portfolio. If these instructions are not forthcoming, then these wines will be placed into Storage and they will be subject to rental charges.
please click here to email Seckford for a stock withdrawal
please click here to LOGIN to "My Portfolio"
Storage Charges
Seckford is delighted to inform you that its extremely competitive storage charge will remain unchanged for 2022
£9.54 per 12x75cl per annum
(other pack sizes are charged pro rata to volume)
Rental invoices will be raised in early January and charged on wines in storage on 31st December 2021; the document will also be your Wine Stock Certificate listing your Portfolio held at Seckford Wines.
The storage charge will continue to include insurance at replacement value. The minimum charge of £30 per portfolio will also remain the same. There is still no charge for receiving stock from 3rd party cellars. Please contact John Ireland (Manager, Fine Wine Storage - johni@seckfordwines.co.uk to arrange the transfer of your wines to Seckford.
Payment of storage invoices is for settlement gratefully received by return - thank you. Please note that there is no pro rata refund for withdrawals during the year.
Other services can now be accessed online such as requesting valuations or condition reports (subject to a small fee); arranging a delivery; or simply to keep track of your current portfolio of wines.
Please Click Here to access your Portfolio
Transfers from 3rd parties
If you wish to store at Seckford any wines purchased elsewhere, please would you send John Ireland prior notification of the inbound delivery. If the wines are being transferred to Seckford under-bond, then a copy invoice (showing in bond prices for HMRC purposes) is required before landing the stock.
Christmas & New Year Operations
Seckford will be closed for Christmas & New Year from 5pm on Thursday 23rd December and will re-open on Tuesday 4th January 2022
~ there will be no office cover to assist with enquiries during this period
Market Update
The fine wine market has continued its upward trend in 2021, with the top wines of Bordeaux reaching the peak levels of 2011. Prices have remained robust amid these turbulent times and many have never been higher.
Our biggest seller by value continues to be Burgundy, with record-level prices nudging higher still; demand remains high for those Cote d’Or gems in short supply.
Italy and Spain are areas of continued growth, along with Champagne and the Northern Rhone. 10 years ago, the market share was dominated by Bordeaux, with approximately 90%, but its market share is now half this.
The graph, shown below, from our global marketplace partner, Liv-ex, is enlightening:
The Liv-ex 1000 is the broadest measure of the fine wine market, tracking wines from Bordeaux to Australia, bears witness to the huge shift in buying patterns over the last 10 years.
As collectors began to switch first to Burgundy, then Champagne and more recently to Italian, Californian and Rhône labels, so the market swelled and this index rose.
It currently sits at an all-time high.
There’s certainly demand out there from our customers, if wines are priced correctly. Whether you’re looking to buy, store or sell, please get in touch to discuss the opportunities & possibilities.
Thinking of selling?
Justin Bryant
Buying & Broking Director
01394 446623
justin@seckfordwines.co.uk
Please click here to email Justin for a broking quotation