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Whisky Hammer becomes first UK-auctioneer to launch bonded warehouse service in Singapore

18/06/2024
Left to right Craig and Daniel Milne of Whisky Hammer

Whisky Hammer, a specialist spirits auctioneer founded in Speyside, Scotland, has announced the launch of a bonded warehouse service in Singapore – a first for a UK auction house.

Founded in the heart of Speyside by brothers Daniel and Craig Milne, Whisky Hammer has become the global destination for buyers and sellers of rare and collectable whiskies since launching in 2015.

The new facility will allow Asian buyers to more easily participate in Whisky Hammer’s monthly auctions of rare and collectable whiskies. It will also help UK sellers tap into Asia’s growing interest in whisky collecting by making their bottles more accessible to the region.

The service caters to Asia’s thirst for whisky, which saw exports to the region top $2.2 billion in 2023, nearly a third of global exports. Five Asian nations ranked among the top 10 export destinations. The bonded warehouse operates under Singapore’s Zero-GST Warehouse Scheme, allowing indefinite storage of imported spirits without paying upfront tax.

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Daniel Milne, Whiskey Hammer’s co-founder and managing director, said: “Our customer base in Asia continues to grow, and they are demanding more value-added services from us to complement our auctions.

“Our new bonded warehouse in Singapore is a sign of our commitment to investing in the needs of our customers in Asia and how we’re providing a seamless purchasing experience for them, while also supporting sellers back home in the UK looking to benefit from this growth in demand.

“The bonded warehouse service provides our customers with the convenience to store their whisky in a safe, controlled environment, and the flexibility to access it whenever they transit at Singapore Changi Airport.

“Our ‘white glove service’ ensures prompt point-to-point delivery of the customer’s whisky from the warehouse to them. We’re confident that this offering is a cost-effective means to empowering those looking to start a whisky collection or add to an existing one.”

The launch of Whisky Hammer’s bonded warehouse service in Singapore coincides with its current auction. The June auction is live and ends on Sunday, 23rd June at 10 pm (SST) / 3 pm (UK). It features around 2,000 unique, rare and collectable whiskies.

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