How BBX works

BBX, our fine wine exchange, enables you to buy wines directly from other Berry Bros. & Rudd customers.

The sale process is managed by Berry Bros. & Rudd from start to finish and all wines are guaranteed for provenance and quality. Sellers pay a 10% commission, but there is no fee for buyers.

Sellers can offer any eligible wines in their collection, as long as it is currently stored In Bond and is in an unbroken case, in Berry Bros. & Rudd warehouses. They set the price and specify the quantity they want to sell. Buyers can agree to buy straight away at the set price or make an offer at a lower price by placing a bid.

You can also place a bid on wines that aren’t actively for sale, but are stored in Berry Bros. & Rudd warehouses. These bids may have a lower chance of being accepted, but this can be a good way to find unusual wines or get a great deal. We would recommend making realistic offers or sellers are likely to ignore your bids and may sell the wine to someone else.

To place a bid, you will need to register as a bidder. Log in or create an account and then follow the prompts for bidder registration.

Buying wines In Bond

All wines sold with BBX are In Bond. This means they are stored in our bonded warehouse and duty and VAT have not yet been paid on them.

When you buy wines with BBX they will transfer to your ownership but they will stay In Bond unless you choose to have them delivered. If you choose to have them delivered to you, then you will need to pay the duty and VAT charges if you are based in the UK.

Learn more about In Bond storage.

Price differences

Each seller sets the price of wines they choose to sell with BBX, so the price of wines may fluctuate between different sellers. The price shown on BBX may also differ from the price the same wine is sold by Berry Bros. & Rudd.

Wines sold with BBX are all sold In Bond, which means duty and VAT haven’t yet been paid on them. It’s important to consider that cost when comparing the price of wine from different sources.

‘Best of BBX’ prices

Our Best of BBX page displays a number of curations to better showcase the wines listed for sale by our customers. They show the most-attractively priced wines available.

We look at the price history on BBX over the last six months and current Liv-ex prices to identify the best deals.

You can place a bid on any wines that are currently for sale with BBX or any wines that are stored in our bonded warehouse. You can only place BBX bids online.

Your bids are more likely to be accepted on wines that are for sale, but if you make a strong offer then you may be able to buy wines that aren’t currently offered for sale.

If the wine is for sale and you make an offer at the asking price, the order will be processed immediately. If you place a bid below asking price, or bid on a wine that’s not currently offered for sale, the seller will have the opportunity to review your bid to decide whether to accept it.

You will need to register as a bidder and provide your card details before you place a bid.

Managing bids

Your bids are active for 60 days. You can change or cancel your bids as long as they haven’t already been accepted by the seller. We’ll email you updates and let you know when they’re about to expire.

If you’re outbid, we’ll send you an email and you’ll have the opportunity to increase your bid.

If the wine has no bids, you can set your bid for any value. If the wine does have bids, you must choose a higher amount than the current highest bid.

Selling wine with BBX

You’ll need to log in to your account and register as a seller before you sell any wines with BBX. During registration you’ll be asked to provide details of how you’d like to receive payment for any wines you sell. Log in or create an account.

Once you’ve registered as a seller, go to your wine cellar and choose what you’d like to sell and the number of cases. You should see market value information for all wines in your cellar, which can help you set the right price. Alternatively you can use our valuation service.

Once you offer your wine for sale, it will be available to buy from bbr.com alongside all our wines. It will also appear on Wine-Searcher. Customers will be able to buy it straight away at the price you’ve set, or place a bid that’s below your asking price. You’re free to accept or decline any bids below your set price but it is important you alter your bid alerts so you are made aware of any bids on your wines.

Any orders you receive will be held as ‘pending’ until we have successfully captured payment. We’ll email you at each stage to confirm the next steps.

If you have any questions, please contact us and you’ll be put in touch with our dedicated BBX support team.

Selling duration

Wines are offered for sale for a maximum of 60 days. You can offer it again for the same price if you wish, but you may find it sells faster if you reduce your price.

We’ll send you an email when your wine is about to go off sale.

Change sale details

You can change the price or quantity of wine for sale, as long as it hasn’t already been sold. Log in to your account and go to your cellar to see your wines for sale and edit the details.

We’ll send you confirmation by email that your sale details have changed.

Cancel a sale

You can cancel a listing, as long as it hasn’t already been sold. Log in to your account and go to your cellar to see your wines for sale and cancel any that you no longer wish to sell.

If an order has already been placed or you’ve accepted a bid then you are committed to the sale and it cannot be cancelled.

Setting your price

When you offer a wine for sale, you will need to set the price you want to achieve. To help you do that successfully, we provide market values for all the wines in your cellar.

Valuation service

If you’d like a little more help choosing your price, we provide a free valuation service. Our experienced team will look at recent transactions on Berry Bros. & Rudd and BBX, as well as Liv-ex and Wine-Searcher data.

Liv-ex Market Price is based on the cheapest six and 12-pack wholesale prices advertised by leading merchants in the EU over the last 14 days. If no price is found the calculation is rolled back to the next price showing in the Liv-ex database.

Wine-Searcher valuations are based on current UK merchants’ prices and are refreshed at least once every 36 hours. BBX transactions and pricing are refreshed at least three times a day.

All valuations will be based on a 12 x 75cl case unless otherwise specified.

Berry Bros. & Rudd takes no responsibility for the accuracy of externally sourced valuations.

To get a valuation on your wine, please contact us.

Multiple cases of the same wine

If you have multiple cases of the same wine you will usually have to offer them for sale at the same price.

If you bought cases of the same wine in separate transactions and for different costs, then you can set different sale prices.

Wines for sale at the same price

If the same wine is listed at the same price by more than one seller, the wine that was offered for sale first will be sold first.

Eligible to sell on BBX

Any wines that you own that are stored in complete cases In Bond with Berry Bros. & Rudd.
Note: the owner of the wine must also be responsible for all charges relating to the wine.

Cannot be sold on BBX:

- Wines stored elsewhere
- Wines that are not stored In Bond
- Wines in mixed cases
- En primeur wines, before they arrive in our warehouse
- Spirits
- Single bottles, except large formats like imperials and single-bottle cases originally packaged as a one bottle unit

Removing wines from sale

On rare occasions we may remove a wine for sale with BBX for one of these reasons:
We believe it is not in a sellable condition
Selling price is significantly above or below the current market value. This is to protect both buyers and sellers.

Learn more about storing wine In Bond or transferring wine to us.

Receiving payments

When you sell a wine with BBX, you’ll see the credit in your Berry Bros. & Rudd account the day after the sale has been confirmed. If you’ve chosen to receive payment to a UK bank account, we’ll transfer the money on the 10th working day after the confirmed sale. We’ll deduct any debit balance in your Berry Bros. & Rudd account and transfer the remainder.

If you don’t have access to a UK bank account, we can arrange payment to an overseas bank. You’ll need to give us your account name, account number, IBAN, SWIFT code and the name and branch of your bank. Your bank should be able to provide all these details.

The name on your bank account must be the same as the Berry Bros. & Rudd account holder name.

You can change your payment preference at any time by logging in to your account.

Commission fees

Berry Bros. & Rudd charges sellers 10% commission on successful sales. There are no fees for buyers or for wines that do not sell.

Storage fees

You will need to pay storage fees for any wines that are stored with Berry Bros. & Rudd, regardless of whether you are selling them. See storage fees.

Taxes

Wine is considered a “wasting chattel” for tax purposes so it is not subject to Capital Gains Tax.

If you’re regularly selling wine, this could be seen as income by HM Revenue & Customs so it could be subject to income tax.

We recommend speaking to a tax advisor if you have any concerns.

How it works

Buyers can place bids on wines that you’ve offered for sale. They can also bid on any In Bond complete cases in your cellar, regardless of whether you’ve offered them for sale. You’re free to accept or decline any bids you receive.

You can also set alerts to get notified about bids you might be interested in.

Log in to your cellar to see any current bids and manage your alerts.