Whether or not you have bid in an online auction before, it is important that you understand how it works.
We hold auctions four times per year; once every three months.
The Auction will run for 10 days, starting at 12:00hrs on a Friday and concluding at 18:00hrs on a Sunday. Bidding is only accepted whilst the auction is running and must be submitted via the online platfrom.
The items for sale in our auction are oak casks containing genuine maturing single-malt Scotch Whisky. The spirit inside these casks is distilled at wide variety of distilleries from all over Scotland. Casks come traditionally in three different sizes; barrels, hogsheads and sherry butts.
All of our casks are held in secure HMRC Government bonded warehouses, most of which are under the control of distillery owners. While lying in these warehouses, duty and tax are suspended until the whisky is eventually bottled (under bond). The lots will be sold in bond, and a cask must remain in the bonded warehouse until it is bottled, at which point alcohol duty and VAT must be paid.
For clarification, you will not receive delivery of the cask to your home/business address. You do not pay any VAT on the hammer price; you are then free to take ownership. The lots on our auction are owned privately and are lying at different warehouses across Scotland. To be labelled as ‘Scotch’ whisky, the cask must mature in Scotland by law.
All of the lots will have estimated prices for guidance, and some of them may have a reserve price at the disrection of the private owner.
Typical owners are private individuals who have received position of these casks either from purchase, inheritance, or gift.
For further information, please visit www.casktrade.com and www.gov.uk/guidance/customs-warehousing. Alternatively, please feel free to talk to one of our team on 0203 746 3030.
