Over the past 12 months, the broker and investment company which was founded by Andy Simpson and David Robertson in 2014, has brokered over 20,000 rare whisky bottles around the globe.
|Rare Whisky 101 Founders: Andy Simpson and David Robertson|
With the demand for rare Scotch whisky showing no signs of abating, the Dunfermline based company is now casting its net wider to include dormant casks, which could be worth more than £100,000 each, based on average values brokered by Rare Whisky 101.
The company has already brokered casks (barrels, hogsheads and butts) from a range of iconic brands including Ardbeg, Laphroaig, The Macallan, Highland Park, Rosebank and Springbank. If bottled at cask strength, they would fill 13,576 bottles, with a total estimated value of £3.574M.
Prices have ranged from £2,500 per cask to over £500,000, with an average cask price of £132,000. Rare Whisky 101, believes there may be some casks in existence which could fetch well over £1 million each.
Commenting on the news, David Robertson, Co-Founder of Rare Whisky 101, said: “While we have always advised our customers against buying casks filled with “new-make spirit”, we believe that the market for older casks of high quality liquid from top tier distilleries will continue to go from strength to strength. RW101 has already seen an increased demand for quality casks from our more sophisticated clients be they connoisseurs, collectors or investors so it made sense to introduce a more formal cask brokerage service."
He went onto say: “We’re particularly keen to hear from any cask owners who may have either inherited old casks or acquired and then left them in storage. Given the booming global demand for rare whisky, these owners could be sitting on a very tidy profit!”
By launching this new service, Rare Whisky 101, aims to attract owners of rare whisky casks which are most likely lying dormant in Scotland’s bonded warehouses, who may be looking to liquidate their stocks.
While the market for casks is gathering pace, Rare Whisky 101 is also warning owners of the dangers of holding on to casks for too long.
Posted by Steve Rush