From Spears' Magazine, November 21:
Since whisky has emerged as a profitable asset class, the inevitable has happened, with unscrupulous con artists looking to make a quick buck from unwary investors, as Peter Wilson discovers
Jennifer Rose and Inka Larissa know a lot more about whisky than the average lover of Scotland’s favourite export.
Together they create a weekly podcast as ‘The Whisky Sisters’, and Larissa, 35, has worked full-time for the past six years visiting distilleries and researching a wide range of spirits to produce her popular blog, ‘On the Sauce Again’.
But when these relative pros decided to join the growing trend of buying their own barrels of whisky, they quickly discovered the bewildering range of complications that face would-be investors in this growing asset class.
‘It’s amazing how complex it can all be and how many scam artists seem to be operating in the whisky world,’ says Rose, who lives in Glasgow. ‘I did a lot more research than I think the average buyer would and I eventually learned to steer clear of some pretty dodgy operators, but I still ended up being not 100 per cent sure about the legal status of the barrel I have bought.’
Their experiences illustrate the potential pitfalls in whisky investment that have left experts such as Edinburgh-based consultant and broker Blair Bowman fearing that the industry is ripe for a scandal that would damage even its most legitimate operators.
‘The idea of making money from buying whisky has generated so much heat and hype that it has attracted not just speculators but also some seriously bad eggs,’ says the 32-year-old Bowman.
Among the stories to hit the headlines recently are the record-breaking £16 million paid by an Asian investor for a barrel of 1975 Ardbeg single malt earlier this year, and the 582 per cent price rise that the Knight Frank Luxury Investment Index says a basket of rare whisky bottles enjoyed during the decade of low interest rates to 2019, making it the best-performing non-traditional alternative asset class, ahead of products such as wine, cigars and classic cars....
....MUCH MORE
Related:
Happy Father's Day: Despite What You May Have Read, Aldi Scotch Is Not 'Best in the World'
TGIF – Gold helps Scots produce whisky more efficiently
"For Scotch Whisky, Age Is Just A Number"
Don't shoot the messenger, read first....
Collateral: "When Whiskey Was Too Big to Fail"
From Whisky Advocate:
"Top Level Irish Whiskey Is Now Better Than Scotch"
That's not my headline so if any of the rowdier clans take issue with the sentiment let the folks at 111 Buckingham Palace Rd, Victoria, London SW1W 0SR, UK know, or go direct to the sole remaining billionaire Barclay bro, Sir Frederick. Be forewarned, he guards his privacy and you may have to scale the walls at Brecqhou.
"Whisky Casks Are Now Outperforming Gold as an Investment"
Was the matter ever in question?
Ethanol: "Dozens of Distilleries Are Betting That Irish Whiskey Has a Future Bigger Than Jameson"
Eggnog Futures Ramping On Credit Concerns, Equity Gyrations
It appears this year's eggnog production fell far short of demand with some locales seeing substitution effects; even though mulled wine (yuck) and punch are only imperfectly interchangeable.
With less than an hour to the close Modern Drunkard throws some gas on the already sizzling market with "Today’s Reason to Drink: National Eggnog Day".
The Glenlivet May Have Jumped the Shark With Their Latest Offering
A Lot of Artisanal Whisky Comes From A Hulking Big Factory In Indiana
How to Make a Cooler/Table From A Whiskey Barrel
Drink a barrel of whiskey.
Follow instructions as best as you can.
From The Art of Manlines...
Are collectibles good long-term investments? "The Investment Performance of Emotional Assets"
"Scientists decide there are 4 kinds of drunks"
I once had a very learned gentleman tell me there are four types of drunks.
His categories were:
Verbose
Morose
Lachrymose
Comatose
And many more, use the 'search blog' box if interested, keyword Whiskey both with and without the "e".
