Why do people invest in whisky casks?
Investing in whisky casks can be both fascinating and rewarding. For many people, it's an extension of their love of whisky, and a chance to put their money into something they find relevant and enjoyable.
In this article, we're going to look at four key reasons why people invest in whisky casks.
People love whisky
If you're thinking about investing in whisky casks, then chances are you already love whisky. Whisky is a passion for many, something that becomes a real hobby that they research and read up about. Moving into whisky casks becomes the next step in many of our whisky journeys.
In many respects, this is obvious. But when there are so many things one can invest their hard-earned money in, choosing a passion subject has to be an added bonus.
The value of whisky casks increases over time
As whisky ages in its cask, the flavours develop. As the flavours develop, the whisky becomes more desirable. And, sure enough, as the whisky becomes more desirable the cask becomes more valuable.
Whisky casks are tangible
Many investments are virtual and intangible. But, whisky cask investments are physical. Whisky casks can be seen, touched, and sampled. This can help make the investment feel more relevant, more real, almost.
Whisky casks are also carefully looked after. They're stored in government-regulated bonded warehouses, under lock and key - helping to keep them safe. And, they can be insured and protected, for added peace of mind.
There are multiple ways to exit your investment
You should be prepared to hold your whisky cask for a good number of years. This gives the whisky chance to age and develop, and therefore helps the value of your cask to grow over that period. But, when you're ready to exit your investment, you will have several options.
You could choose to bottle your cask, either in full or in part, and enjoy the whisky for yourself. Many people will buy a cask to mark a significant occasion, for example, the birth of a child. And then the cask can be bottled on a similarly significant occasion, for example, the child's 18th birthday, or their wedding.
You could sell to another investor. There are a variety of ways to do this, perhaps the two most common being via a cask broker, such as ourselves, Spiritfilled, or via a whisky cask auction.
Or, you could sell into the industry. There are always independent bottlers and blenders looking for high-quality casks, and you can usually expect an efficient and speedy sale. Again the most common way of selling into the industry is likely via a cask broker.
Invest in whisky casks with Spiritfilled
If you're interested in investing in whisky casks, we'd be pleased to help. Spiritfilled is an expert cask broker who helps private clients invest in whisky casks every day of the week.
You can start by reading our free guide on Whisky Cask Investments here.
And, when you're ready, you can speak with one of our whisky cask experts. They can help you decide what whisky casks to go after and help you find the best examples. You can contact us here and one of our experts will be in touch.