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Do you own a
cask of whisky which is still maturing
in a warehouse and want to maximise your
profit on the cask?
Over
the years I have had many people contact
me here at SMW looking for advice about
what to do with a cask of whisky they
purchased in the past that has now come
of age to bottle. Bottling costs can be
expensive and the problem of what to do
with all those bottles can be a problem.
With the ever increasing popularity of
whisky many whisky brands have become
very valuable and single cask bottlings
especially from iconic distilleries such
as Ardbeg, Laphroaig, The Macallan,
Highland Park, Rosebank and Springbank
have became particularly valuable but as
a private bottler it can be a lot of
work to bottle and sell on the whisky at
a price close to the its value with
bottling and distribution costs eating
into your profit margin.
If you do own a cask which is still
maturing in a warehouse in Scotland and
you would like to maximise your profits
on that cask then why not take a look at
Whisky analyst, broker and investment
company Rare Whisky 101's new bespoke
cask brokerage service which they have
launched to meet increased demand from
global whisky enthusiasts seeking rare
whisky still held in wood.
Over the past 12 months, RW101 has
brokered over 20,000 rare whisky bottles
around the globe. However, with demand
for Scotland’s rare liquid gold showing
no signs of abating, the world’s leading
whisky hunters are now casting the net
wider to include dormant casks, which
could be worth, more than £100,000 each
based on average values brokered by
RW101.
RW101 has already brokered casks
(barrels, hogsheads and butts) from a
range of iconic brands including Ardbeg,
Laphroaig, Macallan, Highland Park,
Rosebank and Springbank. These rare
wooden treasures, if bottled at cask
strength, would fill 13,576 bottles
worth a total of £3.574M. Prices have
ranged from £2,500 per cask to over
£500,000, with an average cask price of
£132,000. RW101 believes there may be
some casks in existence which, if they
came up for sale, could fetch well over
£1 million each.
By launching this new service, RW101
aims to attract owners of casks of rare
whisky, which are most likely lying
dormant in Scotland’s bonded warehouses,
who may be looking to liquidate their
stocks.
Whisky investment expert and co-founder
of Rare Whisky 101, David Robertson
said: "While we have always advised our
customers against buying casks filled
with “new-make spirit”, we believe that
the market for older casks of high
quality liquid from top tier
distilleries will continue to go from
strength to strength. RW101 has already
seen an increased demand for quality
casks from our more sophisticated
clients be they connoisseurs, collectors
or investors so it made sense to
introduce a more formal cask brokerage
service.
"We’re particularly keen to hear from
any cask owners who may have either
inherited old casks or acquired and then
left them in storage. Given the booming
global demand for rare whisky, these
owners could be sitting on a very tidy
profit!"
While the market for casks is gathering
pace, RW101 is warning owners of the
dangers of holding on to casks for too
long:
"Many people would assume that as long
as their whisky is stored in cask in a
bonded warehouse, no harm can come to
it. However, that couldn’t be further
from the truth. There is most definitely
a finite time in which to sell a cask.
We recently saw a 50 year old cask that
had dropped below the legal minimum of
40% alcohol to 28% and was subsequently
deemed worthless! I’d encourage any
owners, even if they don’t want to sell,
to get their casks re-gauged and
sampled. Casks can also leak and become
overly-woody so cask owners should
ensure that their casks are checked
annually."
The secondary market for rare whisky
witnessed another year of significant
growth in 2016 outperforming many other
well established asset classes,
including wine and gold. The total value
of rare whisky bottles sold at auction
in the UK in 2016 hit record levels of
£14.21M exceeding 2015 (£9.56M) by
almost 50%. Over twelve months, 58,758
bottles of single malt Scotch whisky
were sold in the UK on the open market,
an increase of 15,300 bottles and a 35%
increase on 2015.
For more info contact Rare Whisky 101
via their web site.
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