Whisky Forum - Forum cask

Genuine Risk · Posted: Sat Feb 15, 2014 4:02 pm Post subject: Forum cask

Just wondering if there is any interest in buying a cask of new make for a forum bottling in the future. Possibly using whisky broker or Strathean or the yet to be built Longship.

I haven't ran any numbers but personally around 10 bottles would be ideal for me. Think a bottling date would have to be agreed at the start with a %(80?) Of the investors needed to change it. Samples would probably need to be kept to a minimum.

Any thoughts or ideas for distilleries?
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djmaxliving · Posted: Sat Feb 15, 2014 4:33 pm Post subject:

Hi, my first post on here, I would be up for it, depending on the cost ?. I would be looking for about 10 to 20 bottles max. Glengoyne would be my prefer choice.

whisky_rob · Posted: Sat Feb 15, 2014 4:34 pm Post subject:

Depending on cost yes. However there is an element of risk in that there is no guarantees the cask would be a good one also I reckon a contract would be required for all parties as ultimately people may what to sell there share, not pay their yearly fees etc. and having done stuff with other things with shared ownership a contract with clauses laid out is a must IMHO.

Another option would be to do a forum bottling although not sure there is enough of us to make it worth while.

djmaxliving · Posted: Sat Feb 15, 2014 4:44 pm Post subject:

I would be happy to sign a contract to keep my side of the deal and pay any upfront and yearly cost.

I think a contract is the way to go, so we all understand their is no dropping out. I'm looking for quality and something special, so this is right up my street ?. As for the age of the whisky, a 12 to 15 year old cask would be nice.

TheWM · Posted: Sat Feb 15, 2014 5:18 pm Post subject:

TheWM · Posted: Sat Feb 15, 2014 5:30 pm Post subject:

This has crossed my mind occasionally.

It's doable, but would require an element of trust and monies paid up front to prevent costs occurring for those that drop out. Not insurmountable issues though.

Having run some numbers on the back of a cigarette packet in the past, costs roughly Â£30 a litre, depending on distillery/storage etc...

Immediate questions that I think need to be asked are what people are doing this for, which would help steer thoughts as to which distillery.

Price? Kudos? Collectibility? Discovering new distilleries?

I'm not against the idea - but we need to get a feel of numbers (of people) that may be interested, then breakdown what that might look like in terms of cost per person.

Genuine Risk · Posted: Sat Feb 15, 2014 6:16 pm Post subject:

Initially was thinking Strathearn because 9 people could buy the cask and warehouse fees for about Â£100 upfront andi as it is 50 litres should be ready in 7-8 years although amount of bottles and cost of bottles may be a problem.

I have no problem with Glengoyne but we will need a fair few folk to keep the cost down.
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TheWM · Posted: Sat Feb 15, 2014 6:20 pm Post subject:

There are already aged casks which could be bottled straight away, which may be more attractive to some, rather than wait.

albo · Master Of Malts Joined: 22 Mar 2011 Posts: 1888

I think we need to do a lot more calculus when it comes to cost.

Yes buying and storage aren't that bad. But the bottling and tax is where it kills you. Then what do you do with all the whisky when you have it. Between 9 people your looking at 30 bottles (assuming its bottled at cask strength) or so each. Having looked into this I think without storage and initial buying the cask its normally about Â£18 - Â£20 a bottle so worked out at 30 bottles your talking around Â£600 if its Â£100 up front which seems light between 9 but I've not looked into it for a while. Then warehouse costs for 10 - 15 years it could be around Â£800 each.

For me Â£800 for 30 bottles of 12yo Strathearn doesn't really float my boat. If we had 27 people and it were Â£250 for 10 id be more interested.

Genuine Risk · Posted: Sun Feb 16, 2014 7:15 pm Post subject:

The Strathern was just an idea, bottled at 7 years would have been Â£31 ish pounds a bottle with a extra Â£100 pounds in costs for another 2 years.(fag packet calculations)

I don't mind going elswhere and am happy to email for prices if anyone wants me to. Agree I agree 27 people would be great and possibly needed for it to work?
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TheWM · Posted: Sun Feb 16, 2014 7:37 pm Post subject:

Going by the whiskybroker's spreadsheet (I'm unsure when this was last updated), Mortlach 15 cask strength 58.6% works out to Â£25.25 including all levies. 370 bottles out of the hogshead.

albo · Master Of Malts Joined: 22 Mar 2011 Posts: 1888

Sorry. My post sounded more arsey than I intended it to do.

I do like the idea and I'm not too fussed which distillery its from. It's being a part od something like this which is the fun bit.

However I can't afford to be exposed to too much liability in this. So say Â£500 is probably my yearly whisky buying money. Putting all that into one type of whisky isn't going to fly for me. More people however and I'm game. If I came out with 5 to 10 bottles. I'd be a happy man

sorren · Posted: Sun Feb 16, 2014 7:48 pm Post subject:

I'm not sure about your costs, I think you would be looking at Â£800-£1200 for initial cost so 10 people = Â£80-120 each then around Â£8-£15 for rent per year with anywhere between Â£2500-£4500 final cost depending on cost, so a possible bill of say Â£350-£500 each for a 200-225 ltr barrel, so possible 25-30 bottles at cask str each if 10 people do it, I could be totally wrong here, hope it helps...

TheWM · Posted: Sun Feb 16, 2014 7:55 pm Post subject:

Genuine Risk · Posted: Sun Feb 16, 2014 8:14 pm Post subject: