Whisky Focus - Rare Whisky 101 Cask Brokerage Service

Rare Whisky 101 Cask Brokerage Service


12th July 2017
Do you own a cask of whisky which is still maturing in a warehouse and want to maximise your  profit on the cask?

Rare Whisky 101 Andy Simpson and David Robertson launch whisky cask brokerage service.

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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