Whisky as investment?!
Discussion
Didn't know the prices some of the older, finer, single malts could get…
Has anyone bought any whisky as a bit of investment? Well, assuming you don't drink it… I think a few bottles of 21YO, and maybe a few 26YO too… What's the consensus on this? Possibly a smart move, or very, very stupid?
Probably similar to fine watches; you need to know exactly what product to invest in and even then, returns will be low ... I'd imagine there are better investment opportunities elsewhere! Remember, prices for whiskey can go down as well as up. If it was that easy an investment, everyone would be doing it 
Perhaps I should have titled this thread 'unusual / oddball investments'. Hmm…
So, since I do love a good watch, that might be an avenue to explore a little. How about anything else? No suggestions of property / land, high interest accounts or stocks and shares. Anything else, I'm game! Suggestions?
So, since I do love a good watch, that might be an avenue to explore a little. How about anything else? No suggestions of property / land, high interest accounts or stocks and shares. Anything else, I'm game! Suggestions?
TobyLerone said:
So, since I do love a good watch, that might be an avenue to explore a little.
Stainless steel Rolex sports watches - Buy second hand to avoid depreciation! Hold on for a few years and hopefully prices will increase. If not, you shouldn't lose much. New prices are continually increasing and over the last 5 years, RRP prices have skyrocketed. As such, second hand values have increased too. 
TobyLerone said:
Didn't know the prices some of the older, finer, single malts could get…
Has anyone bought any whisky as a bit of investment? Well, assuming you don't drink it… I think a few bottles of 21YO, and maybe a few 26YO too… What's the consensus on this? Possibly a smart move, or very, very stupid?
http://www.pistonheads.com/xforums/topic.asp?h=0&a...
Like any investment, it all depends on timing and luck.
Buying a barrel as a nest egg only works if the distillery is experiencing a boom and therefore a shortage of stock and wants to use what you've got. It may be that you get to the end of the maturation, and they just bottle it, send it to you and bill you for the work.
Buying bottles as an investment is similarly dependant on prevailing conditions. The big stuff that reliably goes for decent money in auctions has already rocketed. You can make money on collectable whiskies, but the obvious stuff is again either already appreciated or is creeping up in RRP and taking money out the speculators pockets.
Oddly, whisky minatures can be fantastically profitable. Very collectable, and often hard to get hold of.
So, in summary, buy whisky to drink, and if you're buying as an investment, you may just be paying for an expensive party somewhere down the line...
Buying a barrel as a nest egg only works if the distillery is experiencing a boom and therefore a shortage of stock and wants to use what you've got. It may be that you get to the end of the maturation, and they just bottle it, send it to you and bill you for the work.
Buying bottles as an investment is similarly dependant on prevailing conditions. The big stuff that reliably goes for decent money in auctions has already rocketed. You can make money on collectable whiskies, but the obvious stuff is again either already appreciated or is creeping up in RRP and taking money out the speculators pockets.
Oddly, whisky minatures can be fantastically profitable. Very collectable, and often hard to get hold of.
So, in summary, buy whisky to drink, and if you're buying as an investment, you may just be paying for an expensive party somewhere down the line...
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