Hi fellow wine drinkers/investors,
I am kinda stuck with 6x 75cl PENFOLD GRANGE (2003). Bought these as investments about 5 years back during the Universal Asset Management scam. Not sure if you guys heard about it..
Due to the recent and rather hefty increase in storage fee of a rather unscrupulous wine storage company, i'm looking to urgently offload these wines. Believe duties isn't paid yet.
Can anybody advise what should I do? Many thanks in advance..
Dear Orionhan,
Basically, you have 3 options: 1. Drink them, 2. Sell them, 3. Look for alternative storage.
If you want to drink them, look for special occasions; Grange (2003) maybe a bit young to be drank now, so give it a good decant before you consume them.
If you want to sell them off, you may contact the wine merchants in Singapore. Some of them are looking to buy investment wines, so that might be an option for you to get the wines off your hands.
If you are looking for alternative storage, there are plenty of options: Extra Space, Store Friendly, etc
Either way, you have to pay up the storage fees due to them and also the alcohol taxes in order to retrieve the wines.
Good luck!