Whisky Hammer turns into first UK public sale home to launch bonded warehouse service in Singapore
The service will profit UK sellers seeking to faucet into the rising curiosity in whisky assortment in Asia
Specialist spirits auctioneer, Whisky Hammer, has introduced the launch of its bonded warehouse service – a primary for a UK public sale home – in Singapore.
Based within the coronary heart of Speyside by brothers Daniel and Craig Milne, Whisky Hammer has change into the worldwide vacation spot for patrons and sellers of uncommon and collectable whiskies since launching in 2015.
The addition of the brand new warehouse service in Singapore will additional strengthen the corporate’s providing, making it simpler for Asian patrons to participate in month-to-month auctions whereas serving to UK sellers obtain higher costs as they faucet into the continent’s rising curiosity in whisky assortment.
Asia Pacific continues to be the world’s most dear export area for whisky, with exports totalling greater than USD2.2 billion in 2023. 5 nations from the area ranked amongst the world’s high 10 export locations and Asia Pacific was liable for nearly a 3rd of all world whisky exports final yr[1].
With Asia Pacific dwelling to the world’s most dear whisky assortment and seeing surging curiosity in whisky auctions, together with Whisky Hammer’s 100th public sale that noticed over 5,000 tons going below the hammer, that is an opportune second to launch a value-added service to cater to the calls for of a discerning buyer base in Asia.
Clients first make their buy from Whisky Hammer and ship their bottles from Scotland to Singapore. Upon arrival in Singapore, the products are safely delivered to the Singapore Bonded Warehouse. A small entry charge covers all extra prices related to transit “below bond”, and prospects can then pay for his or her bottles to be saved and insured on the warehouse. Clients who then want to take away their bottles from the warehouse, can then pay to both be capable to gather their purchases in individual from the warehouse, interact a ‘white glove’ concierge service that hand delivers their bottles to them at Changi Airport on their manner out of Singapore, or have them shipped out of the warehouse to a neighborhood or overseas handle.
Daniel Milne, co-founder and managing director of Whisky Hammer, mentioned: “Our buyer base in Asia continues to develop, and they’re demanding extra value-added companies from us to enrich our auctions. Our new bonded warehouse in Singapore is an indication of our dedication to investing within the wants of our prospects in Asia and the way we’re offering a seamless buying expertise for them, whereas additionally supporting sellers again dwelling within the UK seeking to profit from this progress in demand.”
“The bonded warehouse service offers our prospects with the comfort to retailer their whisky in a secure, managed surroundings, and the flexibleness to entry it each time they transit at Singapore Changi Airport. Our ‘white glove service’ ensures immediate point-to-point supply of the client’s whisky from the warehouse to them. We’re assured that this providing is a value efficient means to empowering these seeking to begin a whisky assortment or add to an current one.”
The Singapore Bonded Warehouse is pursuant to the Singapore Customs’ Zero-GST Warehouse Scheme. Accepted corporations comparable to Whisky Hammer can retailer imported non-dutiable items, together with spirits comparable to whisky, for an indefinite time period in a delegated space licensed by the Singapore Customs, with the Items and Companies Tax (GST) suspended. Clients are usually not required to pay GST or duties when their bottles are delivered to or picked up by them on the airport to be introduced onwards to their subsequent vacation spot as a part of their duty-free liquor concession. GST is just payable in the event that they had been to take native supply inside Singapore.
The launch of Whisky Hammer’s bonded warehouse service in Singapore coincides with its present public sale. The June public sale is now stay and ends on Sunday, 23rd June at 10pm (SST) / 3pm (UK). It options round 2,000 distinctive, uncommon and collectible whiskies with headline tons being the oldest ever Japanese single malt whisky, the Yamazaki 55 12 months Outdated which was final offered by Whisky Hammer in November 2022 for £380,000 / ~SG$655,000, and “The Attain”, an 81 12 months Outdated (1940) Macallan.
About Whisky Hammer
Whisky Hammer is a household run whisky public sale service based by brothers and eager whisky lovers Daniel and Craig Milne, who’re supported by a crew of passionate specialists appearing as trusted advisors to each patrons and sellers. Whisky Hammer hosts month-to-month auctions devoted to whisky and different advantageous spirits, which are a magnet for greater than 200,000 patrons and sellers from each nook of the globe. It has auctioned a variety of whiskies, each bottles and casks, traditionally reaching the world report for the best worth cask ever offered at public sale.
The superior service provided by Whisky Hammer means it’s trusted by a few of the world’s most outstanding whisky collectors and sellers, with a 5-star TrustPilot ranking. Its sister retail enterprise, Nonetheless Spirit, includes a whisky store and dram bar providing over 200 uncommon whiskies based mostly in Ellon, together with an e-commerce web site. In summer season 2023, Whisky Hammer founders additionally launched unbiased bottling firm, Halcyon Spirits.
When you’ve got any questions for Whisky Hammer, or are planning to make use of the Singapore Bonded Warehouse for the primary time, you possibly can contact Whisky Hammer at gross sales@whiskyhammer.com or +44(0)1358 747470.
To be taught extra about Whisky Hammer, you possibly can go to these hyperlinks : How To Bid, How To Promote, Singapore Warehouse Service, FAQs
Observe Whisky Hammer @whiskyhammer on Fb and Instagram or go to www.whiskyhammer.com
[1] Scotch Whisky Affiliation, Resilient Scotch Whisky Business Reaches £5.6bn World Exports Regardless of “Difficult” 2023, 15 February 2024
