Auction Your Cask postpones second online auction despite confidence in whisky investment
Auction Your Cask postpones second online auction despite confidence in whisky investment
Auction Your Cask has announced it will postpone its second online whisky auction dedicated to casks due to take place at www.auctionyourcask.com on 22nd April.
Despite their confidence in the whisky investment industry and the success of the first auction in January, the team at Auction Your Cask pride themselves on offering the best experience for their customers which would be impossible without the option of sending samples to potential buyers around the world and hosting tasting events for people to try before they buy. Added to this, people wishing to enter casks into the auction are unable to get them checked, re-gauged and request the relevant documents as the distilleries are closed.
Owner of Cask Trade, the parent company of auctionyourcask.com, Simon Aron, says he is still investing in the future of the business by buying casks and has an amazing list even at this time: “I am confident the auction would be a success but our business model is to offer samples to people all over the world and host tasting events. Plus, people wanting to enter the casks into the auction won’t be able to get them checked and re-gauged at this time as the whisky industry has shut down.”
“I am extremely confident in the value of whisky, we are fortunate that it’s a medium to long-term investment,” adds Aron.
Auction Your Cask hosted the world’s first, live, online only auction dedicated to casks in January. Auctionyourcask.com allows private owners and investors to sell their cask to independent bottlers and other investors all around the world. Among the casks sold during the first auction was a 1995 Springbank sherry hogshead which was bought for £47,200 and the Glen Ord barrel April 2015 went for £3,186.
Aron adds: “We will continue to monitor the unfolding Covid-19 situation closely and will announce the new date for the second auction as soon as safely possible, meanwhile we send our best wishes to everyone in these unprecedented times.”
For an inventory of stock available, including recently added new casks, register online at www.casktrade.comto receive a list.
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.
- HMRC-issued AWRS Alcohol Wholesaler Registration Scheme: Licenced to wholesale, bottle and retail.
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.auctionyourcask.com
Whisky Price Growth
Results of the recent Knight Frank Wealth Report’s new unique luxury investment index revealed whisky was one of the most coveted objects of desire in 2019.
The report out in February 2020, says Rare Whisky has grown in value the most over the last 10 years at +564% and increased by +5% in the past 12 months; and states casks remained in huge demand. By comparison cars have seen an increase of 194%, art by 141% and wine by 120%.
https://www.knightfrank.com/wealthreport
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
