Why will many Asian consumers storing their fine wine in London (or the U.S.) prefer Hong Kong?
• Having your wine closer to where you live is comforting to many wine collectors who often feel emotionally attached to wine which they may have painstakingly acquired. • Proximity also means quicker access when you want your wine. Air freight is expensive and not as safe a means of transferring wine from the UK/U.S. as refrigerated containers (by boat). • For Hong Kong-based wine collectors, even the modest risk that wine duties could be reinstated in the future argues for bringing wine back to Hong Kong while the duty is zero. • Climate-controlled, secure storage environments are replicable almost anywhere. • Future sales of investment-grade wines will increasingly be made within Asia (just as they have already shifted to the U.S. from London). Vinfolio’s Hong Kong storage facility As noted before, we are actively engaged in taking steps to open a Hong Kong-based wine storage facility, both for local storage of our own retail inventory as well as to provide full-service wine storage
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- Id prefer a shop I can run and pick them up from IE. Boots etc although except internet shops would be fine?
- Why will many Asian consumers storing their fine wine in London (or the U.S.) prefer Hong Kong?
