World’s first live online whisky auction dedicated to casks – Whisky Cask News

WORLD’S FIRST LIVE ONLINE WHISKY AUCTION DEDICATED TO CASKS

Cask Trade is to host the world’s first, live, online only auction dedicated to casks of whisky next month.

Sales of whisky have raised record-breaking amounts, most recently £7.6M was raised at a Sotheby’s auction in London including several casks and an auction in Hong Kong in November raised £441,000 for a Cask of Macallan 1989.

World First

In an historic, world first, Cask Trade will host the first ever live, online auction for casks on 22nd January 2020.

Auctionyourcask.com will allow private owners and investors to sell their cask to independent bottlers and other investors all around the world.

A passionate whisky collector for more than 20 years, Cask Trade’s owner Simon Aron, suffered many false promises from whisky investment companies and this drove his ambition to create a real and trustworthy market place for whisky collectors and investors, and bottlers.

“It’s a really exciting time for whisky sales as the recent Sotheby’s auction proved. I was in the room and the excitement was palpable and marked a historic moment for the spirits market. With the launch of auctionyourcask.com we offer a fresh approach to selling whisky by the cask, not just the bottle,” says Simon.

Whisky Price Growth

A mixed portfolio investment of 14 whisky casks purchased for £100,000 would appreciate at an estimated average increase of 13-18% a year (over 4-6 years), generating a target gross return of more than £214,000, an increase of approximately 114%.

Whisky, according to the recent Knight Frank Wealth Report, is 2019’s top performing luxury investment. With an increase of 40% on rare bottle values in the last 12 months, it far outstripped the more established alternative assets such as art, wine and cars.

auctionyourcask.com

The first auction on 22nd January will run until 2nd February (ending 8pm GMT) and include approximately 24 casks including an Aberfeldy 2005, Bruichladdich Chateau Margaux, Aberlour 1990 and Springbank 1995.

Those looking to register their interest in the auction should visit www.auctionyourcask.com

Two tastings of cask-strength whisky will be held for those who register their interest in the auction. The tastings will take place at Cask Trade’s offices on Regent Street on 15th  January at 12 noon until 2 pm and 5.30pm until 8pm. To attend one of the two tastings buy tickets on www.auctionyourcask.com/news-and-events (£10/ticket).

All casks will need to have had a recent re-gauge ready for auction and a full 70cl sample will be drawn so that bidders have the opportunity, wherever possible, to try the whisky before they buy. Cask Trade validate all the sellers and confirm proof of ownership and the history of the cask enabling bidders to safely buy. With complete transparency and no sellers’ fee Cask Trade can offer bidders the actual hammer price. Their low buyers’ fee of 15% + VAT will offer the opportunity to buyers, trade or private, to buy rare casks.

Cask Trade, the company behind of auctionyourcask.com, buys and sells exceptional cask whiskies. The company is unique because it only sells casks it owns outright, and it only sells whole casks: it is not a whisky cask broker and it does not offer fractional sales, as part of a fund.

Hosted four times a year the next auctions will take place in April, July and October 2020.

NOTES:

Founded in 2018 by Simon Aron in partnership with several of the world’s foremost whisky masters, including Keeper of the Quaich Sir Colin Hampden-White, Cask Trade buys and sells exceptional cask whiskies. The company is unique because it only sells casks it owns outright, and it only sells whole casks: it is not a whisky cask broker and it does not offer fractional sales.

A passionate whisky collector for more than 20 years, Simon Aron suffered many false promises from whisky investment companies and this drove his ambition to create a real and trustworthy market place for whisky collectors and investors, and bottlers:

The company’s casks are held in the best HMRC bonded warehouses, regularly visited and approved by Cask Trade whisky masters. All stock holdings have a complete paper trail…

  • Delivery orders from supplier to Cask Trade
  • Invoices for transfer of ownership, storage insurance, re-gauging, sampling or movement
  • HMRC-issued WOWGR (warehouse keepers, warehouse premises, owner of goods and registered consigners): a fully regulated and closely monitored license requiring due diligence on suppliers as well as customers.

Included in its extensive list of customer services, Cask Trade’s rigorous processes means that the company will guarantee to buy back from its clients the casks they buy from and have had managed by Cask Trade. It also offers…

  • Regular sampling and re-gauging of casks
  • Re-racking (sherry wine, port etc)
  • Estimates of bottles and strength in cask (effects of angels’ share 0ver years of maturations)
  • Financial modelling for each cask based on age and rarity with estimated % returns
  • Costings for bottling, labelling and shipping (duty & tax)
  • Regularly updated whisky investment guide which includes statistics from two authoritative third parties (independent of    Cask Trade)
  • Cask Trade will arrange for clients to receive samples of their whiskies and visit their barrels(s), upon request – wherever possible.

Cask Trade has started the first live auction website dedicated to exceptional whisky casks: auctionyourcask.com.

Hosted four times a year and helping private owners/investors sell their cask to independent bottlers and other investors all around the world. All casks will be re-gauged ready for auction and a full 70cl sample will be drawn so that bidders have the opportunity to try the whisky before they buy. – Wherever possible. We validate all the sellers and confirm proof of ownership and the history of the cask enabling bidders to safely buy. With complete transparency and no sellers’ fee we can offer you the actual hammer price. Our low buyers’ fee of 15% + VAT will offer the opportunity to buyers, trade or private, to buy rare casks.

https://www.casktrade.com

https://www.auctionyourcask.com

Whisky Price Growth 

Whisky, according to the recent Knight Frank Wealth Report, is 2019’s top performing luxury investment. With an increase of 40% on rare bottle values in the last 12 months, it far outstripped the more established alternative assets such as art, wine and cars.

From page 78 – https://content.knightfrank.com/resources/knightfrank.com/wealthreport/2019/the-wealth-report-2019.pdf

Data collected by Rare Whisky 101 suggests the four-year growth from December 2014 in rare whisky has increased over 160%, compared to just 2.47% for the FTSE 100. https://www.rarewhisky101.com/indices

The same report by Rare Whisky 101 claimed via the BBC that they had performed a controlled test of 55 rare bottles, of which over a third were fakes.

https://www.bbc.co.uk/news/uk-scotland-scotland-business-46566703

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