AUCTION DEDICATED TO CASK WHISKY GENERATES GLOBAL INTEREST – Cask Whisky News

AUCTION DEDICATED TO CASK WHISKY GENERATES GLOBAL INTEREST

Bidders from around the world took part in the world’s first live, online whisky auction dedicated to casks.

More than 300 whisky lovers registered for the auction held by auctionyourcask.com and over 100 samples were sent to prospective buyers around the world including America, Asia, Australia and Europe.

Founder of auctionyourcask.com, Simon Aron, says: “People loved the option of receiving samples. Try before you buy is incredibly powerful.”

“We are encouraged by the first sale because of the number of people who registered. We intend to host an auction four times a year and it’s set to get bigger and better,” adds Simon, who explains the auction offered casks at many price points.

Among the casks sold during the auction was a 1995 Springbank sherry hogshead which was bought for £45,000 and the Glen Ord barrel April 2015 went for £3,100.

auctionyourcask.com

In an historic, world first, auctionyourcask.com, hosted the first ever live, online auction for casks which ran from 22nd January until 2nd February 2020 and featured casks including: Glenrothes sherry hogshead and Bruichladdich 2007 in a first fill ex-Chateau Margaux barrique.

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

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, was 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.

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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