En Primeur at Philglas & Swiggot
What is En Primeur
For those of you who have not heard of or bought wines En Primeur before, it represents an opportunity to buy wine while it is still maturing in barrel at the winery. Ageing for up to two years in cask is a costly exercise and traditionally the finest producers have enabled customers to invest in their wines before they are released, offering a discount in exchange for cash to finance the process. Most wines sold in this way are destined for further ageing in the cellar, especially a producer’s Grand Vin.
Why Buy En Primeur with Philglas & Swiggot
In most cases it’s the best opportunity to buy at the lowest prices and can also be the only way to secure wines that are available in very limited quantities There is also the excitement of owning a wine that is still forming and to have a quantity available for drinking over many years, tasting its evolution and seeing its changes.
Our prices are as sharp as any in the market, in many cases better, a deliberate enticement to buy with us for the first time. Some of the wines we are offering here have sold out elsewhere already.
A popular En Primeur strategy is to buy 2 cases of each wine, and in five years’ time sell one case to finance the next purchase.
How it works
This is a pre-shipment/ en primeur offer. Offers are on a first-come-first-served basis. Once you place your order, you will be swiftly invoiced. Payment in full is required to guarantee your purchase. All prices are quoted In Bond ex-VAT, by the case size stated. Wines will be shipped to our Fine Wine storage facility at London City Bond usually within 6 to 24 months. At this point you have the option to continue to store your wine with us under cellar conditions, protected from changes in temperature, light, humidity and movement. All EP stock is held under bond (before Duty or tax has been paid) in your own designated account which makes it easier to sell in the future. We insure all wine at replacement value. An annual storage charge of £12 ex vat per case (9ltr) applies. Alternatively, you can transfer to another location of your choice (delivery charges apply). Wine taken out of bond will incur an invoice for the prevailing duty and VAT rate. This is currently £2.23/bottle and VAT @ 20% which applies to your purchase price not its value.