Great video Mark. Older whisky will sell for a premium of course but your losses after 18 years, as well as storage costs, or a change of cask will take a bite out of it. I will stick to drinking. 😅
Brilliant! Such an important video for anyone who's thinking of either buying a cask as a whisky club, bottling their own whisky or starting an independent bottling business. What makes this video more impactful is that it's coming from someone like you who has first hand experience. Thanks Mark, cheers!
£10 / unit for bottling ? I did it for under £2 / unit with the bottle being etched on one side only ( front obviously ) with my own design which was highly praised by 2 different high profile distillery managers on Islay. It's not that difficult if you apply yourself. Cask strength, sherried casks, ncf and nc. Unique to me . 3 casks - all between 54 - 57 %. For drinking and sharing. Total average unit cost £56.
Given the largely fixed costs in bottling, and low costs of storing for another year, it makes no sense that say a 30YO is so much more expensive that a 25YO. Even accounting for the angel's share... margins must skyrocket as age statements increase... just saying...
Is the UK not like somewhere like New Zealand where when you’re a company buying from another company you can claim back the tax? We have a GST(basically same as VAT I believe) of 15% but as a business you get to claim the GST back on your tax
From the Diageo document: “When it comes to pricing, the key tip is that prices obey Newton’s Law: they always come down.” 😂😂😂😂 Let’s see Diageo live up to this! It’s more like, “the %ABV in bottles from distilleries bought by Diageo obeys Newton’s Law: it always comes down (to 40%).” The prices, on the other hand...⬆️⬆️⬆️💸💸💸
Top notch Mark, by the way, my friend bought a Cask from Lagg Distillery for 6000 pounds for a period of 10 years, not sure if He will see profits in the way you just explain, as You said would be great if the maturation would be longer,20 or more years,but nowadays Distilleries contract are for 10 years. By the way I like your cask end in the background,one more time thanks a lot for your information 🤘🤘🤘
We have seen lots of people buy casks of Arran and make a good margin. You just need to add patience - around 25 years od it :). It will be incredible whisky though. Also worth noting that back in the day the original schemes also only gave 10 years insurance and rent as standard. Your friend will be good - but they need patience is all.
Whisky isn't expensive enough! You pay the same price (ish) for a bottle of gin that can be distilled and bottled in the same day. Whisky has to be looked after and sit for 3 years with all that capital tied up doing nothing whilst interest on business loans keep building
I agree to a point but not when it comes to misleading investors. Sure - whichky should cost more than other prodcuts like gin, but there has to be an entry point that can attract a wide audience. I feel that single grain will start to show itself a lot more in the coming years as malts jump in cost.
