Whisky experts reveal how you could make a small fortune by collecting your favorite tipple!
WHISKY drinkers who have a bottle lurking at the back of the cupboard could be sitting on an investment worth thousands of Dollars. The price of the booze has shot up at a jaw-dropping rate over recent years. According to a report by Rare Whisky 101, which measures the value of 1,000 of the most sought after drinks, the value of collectable bottles of single-malt Scotch whisky sold at auction in the UK rose by more than 90 per cent in the first half of 2017 to £11.6 million. On a good month, some collectors make from $5,000 to $10,000 by reselling around 15 to 20 bottle of whisky every week, according to Anne-Sophie, but it requires work and dedication. So how can you decide whether your old whisky bottle is a decent investment, or something to just enjoy?
According to Anne-Sophie, whisky is considered a safe investment, because at "the worst case scenario" you'll sell a bottle at the same price you bought it in the first place.
Sadly, it's highly improbable that the standard bottle of booze that you have picked up from your local off-licence and kept unopened is worth much more than you paid for it. It is the rare bottles and special editions (like the one produced especially from Dr Jones Whisky for the Monaco race track - Circuit de Monaco) that you should look out for. "Reputation for quality, scarcity and exclusivity are very important when it comes to single malt whisky. Many leading distillers produce special limited editions of their very finest whisky, which become collectors’ items."
The trick, according to the experts, is to identify fairly-priced limited edition bottles that are likely to rise in value once sold out.
"If you look and follow specialist websites firms will announce they will stop producing some of their bottles. That's when it's worth buying them to eventually resell them for more later," Anne-Sophie explained. But how much could you make out of your collection?
Single bottles regularly go for hundreds of pounds but if you become a serious collector there are thousands to be made.