This week Octavian, one of the largest fine wine storage operators in the world, has launched a major new service called MyCellar – a client-facing, state of the art, cloud-based solution for collection management.
MyCellar, based on the wine management software as a service (SaaS) platform created by Wine Owners (https://business.
Octavian is an exceptional heritage storage facility in a former WWII mine, handling and storing some of the world’s most valuable wines. It also contains one of the largest inventories of fine wine anywhere in the world: Octavian cellars cover the same area as eleven full sized football pitches.
MyCellar portal is accessible to all Octavian private clients and provides secure access to their stored wines, along with intuitive collection management tools. MyCellar enables private collectors to view, evaluate and track their collections with an unrivalled user experience, which Wine Owners has refined over many years with input from collectors.
Octavian has built a reputation on providing perfect storage conditions for aging fine wine. With traceability of stored cases and a state-of-the-art photography studio, provenance is as good as it gets. Consequently, Octavian-stored wine has particular value in the secondary market, which private clients can now fully realize with the Wine Owners powered Octavian fine wine exchange that is integrated within MyCellar.
The Octavian fine wine exchange operates as a 2-sided market where sellers and buyers connect to trade wine exclusively stored at Octavian. It’s another significant development in a fine wine market that is fast digitizing. By facilitating self-directed peer–to peer trading, Octavian is recognizing the desire of collectors for ever more transparency, greater control, and an end-to-end service that makes it simple to get the most out of their hobby or investment.
Nick Martin, CEO Wine Owners commented:
“We are so very proud to have been selected by Octavian to transform their private client experience with market-leading online collection management and trading. The white labelled platform we have configured for the exacting demands of a major wine services brand further cements our position as a global specialist provider of fine wine software that delivers results and a rapid return on investment”.
“The reduced risk of movement, full insurance and verified provenance provided by the Octavian exchange allows for quick and secure trading and settlement 100 feet underground!” It is as safe as it is discreet.”
About Wine Owners
Wine Owners provides SaaS (software as a service) platform solutions that are engineered from the ground up for fine wine businesses and wine services companies. We serve the organizational and growth needs principally of retailers, merchants, warehouses and hospitality businesses focused on fine wine.
Our range of solutions, developed exclusively for the wine trade over the last eight years, now include:
- Warehouse management software
- Private client reserves management/ collection management
- Self-directed brokerage
- Secondary market trading exchange
- Multi-channel selling
- Fine wine merchant/ retailer business software
- Fully integrated e-commerce and point of sale options
- Inventorying and wine list solutions
Our technology manages $2bn of fine wine, 19,000 inventories, contains 350,000 plus wine references and is used throughout North America, Europe and Asia.
The latest release of its platform, the Hub (hub.wine), is a comprehensive Software as a Service (SaaS) ERP business system, designed from the ground up for fine wine.
The Hub manages core fine wine business operations as well as seamless connectivity to other channels to market and sources of stock and supply. It is a low cost, no compromise solution that makes it straightforward for retailers of all sizes to embrace digital technology to improve their business performance.