Spirits auctioneer Whisky Hammer has become the first UK auction house to launch a bonded warehouse service in Singapore.
Whisky Hammer is located in Speyside, Scotland, and was founded by brothers Daniel and Craig Milne. It has been selling whiskies since 2015.
The warehouse service in Singapore will make it easier for buyers in Asia to take part in monthly auctions, and help sellers in the UK achieve better prices at auction.
How it will work is customers will make a purchase from Whisky Hammer and ship their bottles from Scotland to Singapore. There, the products will be delivered to the Singapore bonded warehouse.
An entry fee will cover extra costs, and customers can then pay for their bottles to be stored and insured at the warehouse.
To remove the bottles from the warehouse, customers can pay to either collect their purchases in person from the warehouse, engage a ‘white glove’ concierge service that hand-delivers their bottles to them at Changi Airport as they depart Singapore, or have them shipped to their preferred address.
Daniel Milne said: “Our customer base in Asia continues to grow and they are demanding more value-added services from us to complement our auctions.
“Our new bonded warehouse in Singapore is a sign of our commitment to investing in the needs of our customers in Asia and how we’re providing a seamless purchasing experience for them, while also supporting sellers back home in the UK looking to benefit from this growth in demand.
“The bonded warehouse service provides our customers with the convenience to store their whisky in a safe, controlled environment, and the flexibility to access it whenever they transit at Singapore Changi Airport. Our ‘white glove service’ ensures prompt point-to-point delivery of the customer’s whisky from the warehouse to them. We’re confident that this offering is a cost-effective means to empowering those looking to start a whisky collection or add to an existing one.”
In other recent auction news, a 49-year-old whisky from The Dalmore, one of only three bottles to be created, sold for US$117,400 at auction.
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Author: Melita Kiely
