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How it Works

The BI LiveTrade pages contain around 550 wines which we are actively buying and selling every day. On the LiveTrade homepage you will see selected highlights based on recent activity. You can use the navigation links on the left-hand side to display all the wines (“View All Wines”) or subsets based on vintage range or producer name. Active filtering is possible by typing letters and/or numbers into the search field at the top which will cause the list to automatically update.

A few words on commission: there is none! The prices quoted are inclusive prices – whether you are buying or selling, the amount you pay or will receive is the exactly the price quoted.

Buying

On all these LiveTrade listing pages, you can see the price at which you can purchase each wine and an indication of the quantity available. This headline price appears in the column under “You buy” and is quoted in the standard UK format of GBP per 12 bottles of 75cl (under bond ex Octavian, Colerne). You can view in other currencies using the “Currency” selector at the very top of the screen.

These prices are no different from any other selling price on our website: they represent our own rigorously inspected stock, with the quality and provenance of the cases guaranteed.

Clicking anywhere along the row of a single wine will open the detail page for this wine where the precise pack-sizes, quantities available and prices will be displayed. From here you simply click the Basket button beside the pack-size you wish to purchase, enter your chosen quantity and add to your basket.

When you wish to checkout, click on your basket and follow the instructions. If you are not already logged in, you will be asked to do so or, if you are a new customer, be asked to complete a very brief registration.

Finally, tick the box agreeing to our terms and conditions and click “Confirm Order”. You will get an immediate confirmation and shortly afterwards a formal invoice.

Selling

Why are merchants so reluctant to make a firm competitive quote for buying stock? The answer is they don’t want to take any risk. They want to add your wines to their list and wait for someone to buy them and then deduct a large commission before paying you weeks later. Well, we are determined to make all that a thing of the past and to make selling wines easy.

You do NOT need to be storing your wines with BI to sell them on LiveTrade. The important thing is that they are in excellent condition (see below) and in professional storage in a UK bond or EU tax warehouse. We will be more than happy to liaise with your storage provider to organise the transfer into our own warehouse. We may ask you to cover the transport cost but, depending on quantity and location we will often be happy to waive this.

Here are the basic requirements:

  • We only accept in-bond (IB) stock, in OWC/OCC 12x75cl, 6x75cl or 3x75cl.

  • All stock must be in excellent condition and free from import strips or other extraneous labels. Labels should be unmarked with no tears or damage. Levels must be at base neck or higher. Capsules should be undamaged with no signs of trapped air or raised corks

  • Stock must be made available for our collection or transferred to our warehouse within five working days of the transaction date. As mentioned above we are more than happy to liaise with your storage provider to make all the necessary arrangements.

  • Payment is made within 7 days of stock arriving and passing our condition checks

  • The process becomes even more smooth and efficient (with immediate payment) if you store your wines with us. See details of our storage service here.

If you are selling to us for the first time, we will need to activate your account so please contact us to request activation on +4420 7269 0703 (UK) or +852 2504 1122 (HK), send us an email or click on the Jivochat box below and we will respond as quickly as possible. If you are new to BI, then please first register online and then request activation for selling.

On the LiveTrade listing pages, you can see the firm cash price which we will pay to purchase each wine and the quantity we will buy. This headline price appears in the column under “You sell” and is quoted in the standard UK format of GBP per 12 bottles of 75cl (under bond delivered to Octavian, Colerne). You can view in other currencies using the “Currency” selector at the very top of the screen.

Clicking anywhere along the row of a single wine will open the detail page for this wine where the precise pack-sizes, quantities, and prices will be displayed. From here you simply click the Trade button beside the pack-size you wish to sell. If you are not already logged in, you will be asked to do so. On the trading form which pops up you select the action “You Sell” and complete the various other fields using the drop-down lists. Finally, enter the quantity you wish to sell and click “Sell Wine”. You will get an immediate confirmation and shortly afterwards a formal purchase order. If we need to discuss the transport of your wines to our warehouse we will get in touch.

Another feature

It is possible to enter a target price of your own. If you are buying, you might like to enter a bid a little under our selling price. This is done by selecting the action “You bid to buy” on the order form. We will take note of your target and if we can improve our price we will get in touch. We do keep our prices very competitive, so this is not always possible. Be aware that other customers may buy the stock at our live screen price in the meantime, which could result in the price going up.

Likewise, if you are selling, you can enter a target price a little above our live bid by selecting the action “You offer to sell” on the form. Again, we will get in touch if we can match, or get closer to your target. Bear in mind that if another seller hits our live bid in the meantime, the price may drop.

We are currently working on enhancements to this feature which will automate the way in which client bids and offers are factored into our own live screen quotes. This will result in greatly increased order fulfilment.