Postby Paul » Tue Dec 03, 2024 9:43 am
Buying a barrel of freshly distilled whisky is a great investment or excellent way of getting your hands on A LOT of good whisky for a great price, but you are playing the long game with this one. It's going to be 12 years minimum before you get to enjoy your rewards, or significantly longer for a better return-on-investment/dram.
A bunch of mates and myself bought a cask of Springbank in around 1990, and a cask of Ardbeg the following year. We bottled half of the Springbank at 12 years and the other half at 16 years. The Ardbeg, we held our nerve until 23 years. We are still ploughing through our stock of Springbank and sold off some of the Ardbeg to cover our costs.
We paid in the early 1990's about £1000 for each cask/hogshead, and got roughly 180 bottles out of each one, at cask strength. Bottling costs and duty costs were around £12 per bottle, given that duty was due on the £1000 purchase price of the new barrel, rather than the retail value of the matured whisky. The best price I got for the Ardbeg was around £300 a bottle, with the lowest price about £200, so selling off about 30 bottles more than covered our costs for the whole exercise and still left us with a heathy stash of whisky to drink ourselves.
Having just celebrated my 60th birthday, would I dive in again and buy another barrel now? Probably not, but I have absolutely no regrets about doing it 30 years ago.
You really need only two tools: WD-40 and duct tape. If it doesn't move and it should, use WD-40. If it moves and shouldn't, use the tape.