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Rare Whiskey as an investment?

Comments

  • Registered Users Posts: 850 ✭✭✭ bcklschaps


    There's a few other threads about Whiskey investment, where the contributors might be more knowlegable than I ... but I would suggest investing in an asset that will have a limited liquidity (forgive the pun) is always risky.


    My advice ... buy it if you can afford it and really want to own it and show it off to guests etc. ...don't worry too much about the investment value.


  • Registered Users Posts: 2,240 ✭✭✭ garrettod


    Hi,

    If this represents sub 5% of your net wealth, and your not likely to try and drink it, can store it safely etc then maybe. Otherwise, I wouldn't touch it.... too many potential risks and particularly, for those why don't already have a level of expertise in whiskey

    Thanks,

    G.



  • Registered Users Posts: 4,015 ✭✭✭ Treppen


    storage is important. Would someone trust you didn't keep it in the shed with hot summers and cold winters.


  • Moderators, Business & Finance Moderators, Motoring & Transport Moderators, Society & Culture Moderators Posts: 61,030 Mod ✭✭✭✭ L1011


    If you're going to invest in whisk[e]y and want any decent return over a longer period, you need to be investing in casks - not bottles. Specialist retail production bottles are already being priced towards the high end of their long term value, and the effort in selling on bottles for their actual retail value is not inconsiderable.

    If you're looking at shorter term, much lower volume stuff, some of the 150 quid bottles go to 250+ in a few years. As soon as you go to try sell any volume of them you will kill the market and brokers will eat a huge % of the value.


  • Moderators, Business & Finance Moderators Posts: 7,818 Mod ✭✭✭✭ Jim2007


    L1011 wrote: »
    If you're going to invest in whisk[e]y and want any decent return over a longer period, you need to be investing in casks - not bottles. Specialist retail production bottles are already being priced towards the high end of their long term value, and the effort in selling on bottles for their actual retail value is not inconsiderable..


    There is not way whatsoever to put a long term value on a collectible, it will entirely depend on what is trending in 20... 30... 40... years.


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  • Registered Users Posts: 350 ✭✭ mycro2013


    This could be an annual event from idl. 44 bottles represents one cask. The chances of idl only having one cask from 74 may be slim.


  • Registered Users Posts: 2,240 ✭✭✭ garrettod


    Hi,

    This discussion got me thinking briefly, about how you might invest in whiskey, but without the risks associated with not knowing about whiskey, not having to store it insure it, not having to take a bet on an individual whiskey etc, so I thought - there must be an ETF for Whiskey, if its a reasonable investment.

    Guess what, the Whiskey ETF didn't do well and was then closed down...

    Thanks,

    G.



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