Michael - MS Cellars
| Industry | Distributor |
|---|---|
| Status | Completed |
| Company | |
| Next Step | Ask how they’ll manage their in-house trading Test prototype |
| Position |
Industry Problems
- Wine tax in Australia is 29%, around the highest in the world. Technology that allows people to buy and sell wine whilst it’s outside of Australia may help here
- Some local trading houses charge 20% to the seller, 20% to the buyer with no provenance or authenticity
- He’s creating a wine trading initiative internally because they (MS Cellars) can then “vouch” for the authenticity of the wine that’s traded on their platform
Action Items
- Ask how they’ll manage their in-house trading