A fine investment?
Posted: Sun Jan 18, 2009 1:21 pm
Ten years ago, I made a 5 week tour of Scotland to include all the distilleries, and headed back South with a complete boot full of whisky.
I collected them for drinking, and indeed have drunk most of them, or passed them on as a token of thanks or gratitude.
Last year, we approached Burns night, and I asked the assemblage whether to open and drink a bottle of 1977 Double Matured Laphroaig or not.
Too good for the likes of us, was the reply.
So, we checked on whisky exchange and it seemed to value at between £300 to £500 a bottle, which rather shook me.
I know that I paid about £80.
So I put it on ebay and it fetched £310 to a bloke in Germany. Cripes.
So, I have got round to thinking.
As my pension has gone complete TU for the third time in 15 years, and those rapacious Berks in the City have done for me again, it seems as though collectable whisky of a certain rarity may well be the way to go.
Its not as volatile as French fine wine, and has no real special storage problems.
I have checked one of my rare malts of long gone distilleries which seems to offer only about 10% over the 10 years (better than my pension fund BTW), but the Laphroaig and a 21 yr old Glenmorangie seem to offer a 10 year return of 350%.
So, I am planning to return to Scotland this year and visit my old dealer, Loch Fyne Whiskies for what may prove to be a bit of fun investing.
At least I get a buzz out of it, like stuffing fivers in a mattress, but with potentially a better return.
Anyone else doing this?
I collected them for drinking, and indeed have drunk most of them, or passed them on as a token of thanks or gratitude.
Last year, we approached Burns night, and I asked the assemblage whether to open and drink a bottle of 1977 Double Matured Laphroaig or not.
Too good for the likes of us, was the reply.
So, we checked on whisky exchange and it seemed to value at between £300 to £500 a bottle, which rather shook me.
I know that I paid about £80.
So I put it on ebay and it fetched £310 to a bloke in Germany. Cripes.
So, I have got round to thinking.
As my pension has gone complete TU for the third time in 15 years, and those rapacious Berks in the City have done for me again, it seems as though collectable whisky of a certain rarity may well be the way to go.
Its not as volatile as French fine wine, and has no real special storage problems.
I have checked one of my rare malts of long gone distilleries which seems to offer only about 10% over the 10 years (better than my pension fund BTW), but the Laphroaig and a 21 yr old Glenmorangie seem to offer a 10 year return of 350%.
So, I am planning to return to Scotland this year and visit my old dealer, Loch Fyne Whiskies for what may prove to be a bit of fun investing.
At least I get a buzz out of it, like stuffing fivers in a mattress, but with potentially a better return.
Anyone else doing this?