BBX FAQs
BBX (Berrys' Broking Exchange) is the new online fine wine broking service that enables customers to sell, and buy, privately stored wines in Berrys’ UK bonded warehouse.
BBX Sellers (Go to BBX Buyers FAQs)
BBX (Berrys' Broking Exchange) is the new online fine wine broking service that enables customers to sell, and buy, privately stored wines in Berrys’ UK bonded warehouses.
Wines that are stored under bond in Berrys’ temperature-controlled warehouses can be listed for sale on the Berry Bros. & Rudd website. If the wines are sold then Berrys’ will pay the seller less a 10% commission.
Wines have to meet the following criteria to be eligible for sale on BBX;
- Wines must be physically located in Berrys’temperature-controlled warehouses
- Wine must be In Bond
- Wines must be in unsplit cases
- The account payee (ie responsible for all charges relating to the wine) and the account beneficiary (ie the wine's owner) must be the same
No. Only In Bond wines are eligible for sale on BBX.
No. Wines must be physically located in Berrys’ temperature-controlled warehouses before they can be listed for sale on BBX.
No with the exception of large format bottle such as imperials. Otherwise only unsplit cases can be listed for sale on BBX.
No it is not possible to sell spirits and other non-wines through BBX.
Yes but this is conditional on their transfer and safe receipt (at your expense) into BB&R premises prior to the wines being listed and that the condition of the wines is, in the opinion of BB&R, as agreed and suitable for resale. Please note that if you request the physical transfer of wines into Berrys' temperature-controlled warehouses then an administration charge of £20 per product will be made.
E-Mail BBX Enquiries if you wish to sell wine on BBX that is not currently located in Berrys’ temperature-controlled warehouses.
Yes. Registration is required as a security precaution and to establish preferred payment methods for when your wines are sold. You can register here. Please note that you need to have placed an order with Berrys and/or have wine(s) stored with Berrys to register as a BBX seller. E-Mail BBX Enquiries if you have any queries or questions about BBX registration.
10%. So when a wine is sold through BBX the seller will receive 90% of the selling price. The price payable to the seller is referred to as the net price and is displayed on the BBX selling page against wines currently for sale on BBX and when a wine is added to BBX.
Firstly you need to be logged in to your account on the website and then register if its the first time you’ve listed wines for sale on BBX. You then need to view your cellared wines. Wines that are stored In Bond and in unsplit cases will have a
button next to them. If you wish to sell wine on BBX that is not currently located in Berrys’ temperature-controlled warehouses
button again.See How to Sell your Wines on BBX guide.
This is a security precaution to verify the identity of the seller.
The case selling price is determined and set exclusively by the seller. BBR takes no responsibility for the selling price.
No but we will display a warning if you set a selling price below your cost price for the wine.
You can only list multiple cases of the same wine at different selling prices on BBX if the original purchase prices of the cases are different. In this scenario a separate selling line will be displayed for each purchase price. It is not possible to list multiple cases of the same wine at different selling prices on BBX where the original purchase prices of the cases are the same.
The Valuation Service uses current and recent list and transaction data as well as externally sourced guide valuations to assist sellers in setting the selling price for their BBX wines. BBR takes no responsibility for the accuracy of externally sourced valuations.
The Valuation Service uses valuations supplied by Liv-ex and Wine Searcher as well as current list prices and recent transaction data from BBX & Berrys.
The Live-ex valuations are based on worldwide listings and transactions within the last 30 days and are updated daily. The Wine-Searcher valuations are based on current UK merchants’ prices (as supplied to Wine-Searcher) and is refreshed at least once every 36 hours. The BBX list prices are real time prices. The BBX and Berrys’ In Bond transaction data and the Berrys’ In Bond list prices are refreshed 3 times daily.
Yes you can remove a wine from BBX or change the selling price or selling quantity at anytime providing an order has not been placed for your wines already. To remove a wine from BBX simply tick the ‘'remove from sale' checkbox on the BBX product page and that will remove your wine from BBX. You can edit the selling price or selling quantity on the BBX product page at anytime prior to an order being placed for your wine.
Yes you can change the selling price or selling quantity at anytime providing an order has not been placed for your wines already.
Berrys reserves the right to remove any wine from BBX; if Berrys deems the following; The wine is not to in a sellable condition. The selling price is significantly outside of the current market price range and thus may be detrimental to both buyers and sellers.
If the same wine is listed at an identical price by 2 or more BBX sellers then the wine that was listed for sale first will also be sold first if an order is placed.
Your wines will be listed on the Fine Wine List on bbr.com. They will also appear in any search results in exactly the same way as with a Berrys’ wine. Eg if you are listing 2005 Palmer on BBX this will appear on the Fine Wine List but also in any search/list results that contain 2005 Palmer and in the respective producer, region and vintage lists.
Yes storage fees are still payable on wines listed on BBX. Current storage charges are £10.80 (inc. VAT) per case per annum (Cellar Plan accounts benefit from £9.00 (inc. VAT) per case per annum.) Read More.
When an order is placed for your wine you will receive an e-mail stating that there is a pending order for your wine(s). If the order is successful you will receive another email confirmation and payment will be made after that point.
Payment is either credited to your Berrys’ account or made by BACS payment to the bank details supplied when you registered as a BBX seller. Payment is made on the 10th working day from the day the sales order for your BBX wines has been confirmed.
As wine is considered a wasting chattel (asset) it is not subject to Capital Gains Tax. However, regular trading of wine could be seen by the HM Revenue & Customs as a trade and as such could be subject to income tax depending on your personal tax position. We therefore suggest that if you have any concerns regarding your tax position that you speak with your tax advisor.
No. We will e-mail ypu monthly advising of BBX wines you currently have listed for sale. If your wine have not sold then you may wish to review the selling price.
BBX Enquiries
9.00am to 6.00pm Monday to Friday
el: 44 (0) 1256 340 123
Fax: 44 (0) 1256 340149
Email: BBX Enquiries
UK
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