Register your casks for the world’s only live, online whisky auction dedicated to casks – Scotch Whisky News

REGISTER YOUR CASKS NOW FOR THE WORLD’S ONLY LIVE, ONLINE WHISKY AUCTION DEDICATED TO CASKS
Auctionyourcask.com is now inviting people to register their casks for auction by 31st July 2020.
The auction, hosted by Cask Trade via its online auction website auctionyourcask.com, will go live on 14thAugust and run until 23rd August 2020.
Following the successful first auction in January, the world’s second live, online auction dedicated to casks of whisky is expected to attract even more sellers and bidders from around the globe.
Those looking to register casks are urged not to delay as they need to be re-gauged, undergo a full health check, document check and a sample sent for entry.
Auctionyourcask.com allows private owners and investors to sell their cask to independent bottlers and other investors all around the world.
Forgotten fortunes
Do you own a cask? Did you or a member of your family purchase a cask 20 years ago? Perhaps you have an heirloom asset. In the first auction, a 1995 Springbank sherry hogshead which was originally bought for £800 in 1995 sold for £45,000.
Trading assets and releasing equity
In these uncertain economic times some people might be looking to trade up their casks, release some equity from their assets, others might have inherited casks and are not sure how to sell them. Sellers have the peace of mind that the process will be handled smoothly and efficiently with a personal point of contact along the way. Sellers also benefit from a 0% seller commission rate on all lots being sold.
Owner of Cask Trade, Simon Aron, says many people are looking to release maturing cask assets. “More and more people are waking up to whisky as a safe haven for investment amid global market chaos,” he says adding: “I am very excited for our second auction following the success of the first when 300 whisky lovers registered and we sent out more than 100 samples around the world.”
Those looking to register their cask for sale should complete an online form to request a valuation. https://www.auctionyourcask.com/request-a-valuation
To sign up to bid in the live auction, register here: https://www.auctionyourcask.com/members/login
The auction, which will go live on 14th August will run until 23rd August (ending 8pm GMT), will feature a wide selection of casks at different price points.
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. Auction your cask 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.
Hosted four times a year the next auction will take place in November 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.
- 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-4656670
































