As a cask owner, you decide when and how to sell your casks. However, you must wait at least three years and one day for your casks to be described as Irish whiskey. You might sell your casks to another investor or distillery. For older casks, you may decide to auction your casks online. Casks which are aged for a decade or more will give the best returns. Rare Irish whiskey can achieve exceptional prices.
If you decide to bottle and label your own whiskey, Irish Whiskey Assets can introduce you to our approved third-party service providers.
After five years, if you wish, Irish Whiskey Assets will assist in selling your casks, with a target profit of 40%. This may involve a buyback or selling on to another investor. Actual returns will depend on market conditions at the time, and the responsibility for selling the casks remain with the cask owner. Terms and conditions will apply.
Industry projections show that Irish whiskey will be in short supply in the coming years, inevitably driving up prices. As production capacity is also limited and demand is continually growing, it’s reasonable to expect that casks will be highly sought after. Distilleries across the globe acquire whiskey this way, especially where their capacity is limited. It has become commonplace in Japan, for example. This is why your initial purchase amount is paramount, and why at Irish Whiskey Assets, we sell casks at such competitive prices. This allows enough margin for our cask owners to sell on within the trade.
This option could suit investors with a substantial number of casks, at least 10 or more. Owners could offer a white label/own label solution to chains of hotels, restaurants, off-licenses, retail outlets or pubs. Particularly where the end client specifies a unique finish, for example maturing the whiskey in different casks to create a distinctive taste. These casks might include wine, sherry, champagne or perhaps even stout. This option lends itself to a client who is seeking their own high-end, one of a kind premium whiskey. It could also be offered to clubs and other exclusive organisations. Check out Private Label Irish Whiskey and see how we can help.
If your casks have matured for 3 or more years, another investor may wish to purchase the set and allow them to mature for even longer. As the market is relatively new in Ireland, we believe this has the potential for great growth and will become a popular option in the future. Early investors can benefit hugely in this scenario, so it pays to act fast.
In the last several years, a selection of specialist whiskey auction sites have emerged as a result of the renaissance in Irish whiskey. Some whiskeys have even reached record prices at auction, as there is a growing global demand for rare Irish whiskey. This option will be suited to those in possession of more mature casks.