New retail venture to boost investment grade wine returns for Canadians by 20 per cent. Iron Gate Wine LLC in Buffalo, N.Y. to sell private collections direct to international buyers.
(Toronto, ON – February 21): Canadian wine collectors can now realize a minimum 20 per cent higher return on their investment grade wines through Iron Gate Wine LLC, a new retail concept in Buffalo, N.Y. and operating as IronGate.Wine. For the first time in history, Canadians can capitalize on the retail market value of their wine collections and sell direct to U.S. and international buyers.
Beyond bricks and mortar, Iron Gate Wine LLC will also launch a robust ecommerce platform in the coming weeks that will sell directly to the end user through advanced technology that delivers a concierge-like online experience for international buyers, translating to record profits for Canadians, paid in U. S. dollars.
Founded by Toronto-based investment-grade wine expert, Warren Porter, Iron Gate Wine LLC will be the first online and in-store retail concept in New York State to focus on providing access to Canada’s highly sought-after private collections.
“We have a complex regulatory environment here and Canadians have always been challenged to realize the maximum return when selling their prized collections,” said Porter. “For years, I’ve been determined to get more investment value back into the hands of Canadian collectors and that’s exactly what Iron Gate Wine LLC will do by getting sellers closer to the retail price.”
Porter has spent the last 13 years assisting Canadians in selling whole or partial private collections to U.S. and international auction houses and online retailers through his company, Iron Gate – Private Wine Management. His first-hand experience with buyers who covet the reliable provenance of Canadian private collections has, in part, fueled the launch of his new venture.
“Buyers want to ensure that the authenticity and provenance of their wines is without question; and, most private wine collections in Canada have never left the cellar, so the timing is perfect for a service like Iron Gate Wine LLC,”added Porter. “We anticipate significant demand as we enable direct access to Canadian collections through our online platform and retail store. And, since we pay our Canadian sellers in U.S. currency, it’s a win-win situation.”
Iron Gate is currently accepting consignments.