The world of whisky collecting is big business and the significant sums that collectable whiskies can bring in was highlighted by an auction earlier in February where a collection of 3,900 whiskies sold at auction for nearly £6.7 million.
Sky News reported on the sale, with one bottle in the collection selling for a huge £1 million.
According to the news provider, the collection consisted of single malts, with the Macallan 1926 Fine and Rare bottle fetching the highest price. This is one of just 14 bottles in the world with the Fine and Rare label.
However, there were a number of other “notable” whiskies in this vast collection, with the news provider highlighting the Balvenie 1961 Vintage cask, as well as the Dallas Dhu 1921 Private Cask 64-year-old, which it described as “a historic malt from one of Scotland’s “lost” distilleries”.
The auction was held online and attracted bids from over 1,500 individuals from 54 countries around the world.
This was also the “highest-value private collection ever to sell on the secondary market at an auction dedicated to one single collector’s whisky”, the news site stated.
Of course, if you’re investing in whisky for the future, you’ll want to keep an eye out for vintages and distilleries that are likely to be highly valuable in the future.
Options recently noted that the whisky market has done exceptionally well during the global pandemic of 2020 and into 2021. The publication revealed that revenue from the whisky sector is expected to grow by 5.8 per cent by the end of 2021.
The news provider suggested that this growth has, in part, been fuelled by the need for so many people to remain at home and therefore more people drinking at home and looking for high quality spirits.
If you’re looking for whisky to invest in, however, you are unlikely to want to drink what you purchase, instead holding onto it and allowing it to accrue value.
Rather than purchasing individual bottles of whisky, which, as the recent auction shows, can be incredibly expensive for the highest value options, you could instead consider whisky cask investment.
This allows you to put your money into whisky at the “new fill” stage of the maturation process. At this point, you are purchasing whisky in a cask that has not yet aged and that, therefore, is not yet classed as Scotch whisky. This makes it the most cost-effective time to make an investment.
The cask you purchase will be from a renowned Scottish distillery and will be left to mature until it is ready to be bottled, usually after five years. The reason why whiskies that are aged for longer than this time become more expensive, is that some of the spirit is lost to evaporation every year.
This means that around two per cent of the initial liquor is lost every year, with a cask of 18 year aged whisky therefore producing considerably fewer bottles of Scotch whisky than one that has only been aged for five years. As a result, the price of 18 year aged whisky is higher than younger vintages.