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Lefty

Original Poster:

13,497 posts

85 months

[news] 
Thursday 18th August 2011 quote quote all
Anyone fancy going in on an Octave from Glenglassaugh?

I've already bought one for myself, an unpeated sherry cask but there are a few options...

Peated/Unpeated spirit
Bourbon or sherry

I quite fancy a peated sherry cask... Or peated bourbon. Or unpeated bourbon! Having tasted a few of Glenglassaugh's current stocks as well as their new-make spirit I can vouch for the quality.


It works like this:

Cask purchase (includes storage for 7 years) is say £700

Between 7 people we each pay £100.

An octave takes 50 litres of spirit, this obviously decreases over time, after 7 years there might be around 40 litres left, the equivalent of 57 bottles. So your £100 investment would give each person 8 bottles.

Duty and VAT have to be paid at the time of bottling, at the moment it's about £26/litre of alcohol so if the whisky is, say, 57%ABV duty at todays rate would be £10.38 per bottle. There is also a small fee for bottling, I don't know how much it is but I'll find out today, probably around £2/bottle.

We get our own cask, we can get whatever we want stencilled on it. We get a sample once a year (and can buy additional samples)

Glenglassaugh
FAQ
terms






Edited by Lefty on Wednesday 28th December 10:59

Coneyhurst Blue

376 posts

75 months

[news] 
Thursday 18th August 2011 quote quote all
I'm in !

My choice would be for a non-peated sherry, but as you have that already I am happy to go with the flow if we can get enough numbers.

Sounds like a great plan - well done Lefty !

Lefty

Original Poster:

13,497 posts

85 months

[news] 
Thursday 18th August 2011 quote quote all
One thing I should say is that their peat is nothing like Islay peat, it's sweet and smoky and heathery, more like Highland Park peat than Ardbeg...

Mr E

15,252 posts

142 months

[news] 
Thursday 18th August 2011 quote quote all
This sounds interesting. smile

Lefty

Original Poster:

13,497 posts

85 months

[news] 
Thursday 18th August 2011 quote quote all
Lefty
Coneyhurst Blue
Mr E?
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autofocus

2,031 posts

101 months

[news] 
Thursday 18th August 2011 quote quote all
Hi there,

I'm in

Fancy any of the suggestions, will bow to your superior expertise Lefty.

Regards

Tim

Lefty

Original Poster:

13,497 posts

85 months

[news] 
Thursday 18th August 2011 quote quote all
Lefty
Coneyhurst Blue
Mr E?
Autofocus

Mr E

15,252 posts

142 months

[news] 
Thursday 18th August 2011 quote quote all
Yah, for a hundred notes I'm in. I'd prefer a peated sherry for preference, but would be happy with a bottle of something that was "mine" (if that makes sense).

Lefty

Original Poster:

13,497 posts

85 months

[news] 
Thursday 18th August 2011 quote quote all
Mr E said:
Yah, for a hundred notes I'm in. I'd prefer a peated sherry for preference, but would be happy with a bottle of something that was "mine" (if that makes sense).
£100 notes plus the bottling charge and duty so more like £200 in total...

Mr E

15,252 posts

142 months

[news] 
Thursday 18th August 2011 quote quote all
Lefty said:
£100 notes plus the bottling charge and duty so more like £200 in total...
So it's a £24(ish) bottle of malt rather than £12?

Still sounds like a deal if it's any good...

Lefty

Original Poster:

13,497 posts

85 months

[news] 
Thursday 18th August 2011 quote quote all
There are no guarantees of what the final price will be.

Y'all need to be aware that the only fixed cost is the initial cask purchase price.

Glenglassaugh will do everything they can to keep bottling costs to a minimum but shape of bottle, type of label etc that we choose will all affect those costs.

Duty they have no control over, your guess of what alcohol duty will be in 7 years time is no better or worse than mine. It will certainly go up.

I would say that if you assumed a price of £30/bottle you would probably be covered.

Note as well, from the T's & C's that you are not allowed to sell the bottles. wink

If anyone's not sure, it's probably best not to get involved, it's a fairly long-term deal.

I'd suggest that if we get enough people we draw up a nice simple contract together, stating what's what. I'd be happy for people to send me the money and i'll buy the cask and deal with Glenglassaugh directly.



Mr E

15,252 posts

142 months

[news] 
Thursday 18th August 2011 quote quote all
Lefty said:
There are no guarantees of what the final price will be.

Y'all need to be aware that the only fixed cost is the initial cask purchase price.

...

I would say that if you assumed a price of £30/bottle you would probably be covered.
To be honest, I'm interested because it's a bit of fun, and more interesting than buying the usual stuff off the shelves....

Coneyhurst Blue

376 posts

75 months

[news] 
Thursday 18th August 2011 quote quote all
Lefty said:
One thing I should say is that their peat is nothing like Islay peat, it's sweet and smoky and heathery, more like Highland Park peat than Ardbeg...
This is very interesting.
I am happy with whatever - also if we are struggling for numbers i'll take two slots ?
I think we should give it a while for those that may be away to log in and see ?
7 years is a long time to wait - the joys the joys !

Lefty

Original Poster:

13,497 posts

85 months

[news] 
Thursday 18th August 2011 quote quote all
Coneyhurst Blue said:
Lefty said:
One thing I should say is that their peat is nothing like Islay peat, it's sweet and smoky and heathery, more like Highland Park peat than Ardbeg...
This is very interesting.
I am happy with whatever - also if we are struggling for numbers i'll take two slots ?
I think we should give it a while for those that may be away to log in and see ?
7 years is a long time to wait - the joys the joys !
Oh absolutely, I thought we could give it a week or so before placing the order.

I just used 7 as an example, no reason why we couldn't have 10 members or whatever.

What I was saying about their peat is, of course, that their local maltings use peat from Aberdeenshire and the surrounding area. They don't cut their own peat and malt their own barley. Yet... wink

Lefty

Original Poster:

13,497 posts

85 months

[news] 
Thursday 18th August 2011 quote quote all
Mr E said:
Lefty said:
There are no guarantees of what the final price will be.

Y'all need to be aware that the only fixed cost is the initial cask purchase price.

...

I would say that if you assumed a price of £30/bottle you would probably be covered.
To be honest, I'm interested because it's a bit of fun, and more interesting than buying the usual stuff off the shelves....
I completely agree.

I spent an afternoon up there tasting from casks, their whisky is properly good.

Try to get your hands on their "spirit drinks", they're reasonably priced and will give an indication (just that) of what the new-make spirit is like.

I've tried spirit that's been in a bourbon octave for 2 years and it was beautiful.

TFatC

293 posts

135 months

[news] 
Thursday 18th August 2011 quote quote all
I am up for this! Keep me informed of progress and where/how much to send!

Lefty
Coneyhurst Blue
Mr E?
Autofocus
TFatC


Lefty

Original Poster:

13,497 posts

85 months

[news] 
Thursday 18th August 2011 quote quote all
TFatC said:
I am up for this! Keep me informed of progress and where/how much to send!

Lefty
Coneyhurst Blue
Mr E?
Autofocus
TFatC
Just being nosy, looking at your profile. I think I used to have a Landrover that belonged to you once, a 110 station wagon in a fetching reddy-brown colour?

TFatC

293 posts

135 months

[news] 
Thursday 18th August 2011 quote quote all
Lefty said:
Just being nosy, looking at your profile. I think I used to have a Landrover that belonged to you once, a 110 station wagon in a fetching reddy-brown colour?
Certainly used to have one, 200 TDi K or L plate, loads of rust! After several alternatives I now have a Disco TD5

Lefty

Original Poster:

13,497 posts

85 months

[news] 
Thursday 18th August 2011 quote quote all
TFatC said:
Certainly used to have one, 200 TDi K or L plate, loads of rust! After several alternatives I now have a Disco TD5
Yeah, L223 something, I bought it from a fella in Stoney who bought it from you! Ran it for 6 months and in the end a fella from portsmouth won it on ebay and drove it all the way home!

S6PNJ

2,159 posts

164 months

[news] 
Thursday 18th August 2011 quote quote all
Lefty, If I understand this correctly, it will take between 3 and 7 years before we see 'our' whisky. Is that correct? How do you intend to keep track of everyone over this period?

I'm definitely interested (will confirm soon) and would prefer a peaty whisky - my favourites are Laphroig, Lagavulin, Talisker, Oban, Bowmore and I could go on - just to give you an indication. Would that make me Sherry or Bourbon cask?
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