Glen Garioch (pronounced ‘Geery’) is one of the very oldest whisky distilleries. It was established in 1797 in an area of Aberdeenshire. – Renowned for producing the finest barley in all of Scotland.
Glen Garioch is owned by Suntory (who also own the world-famous Yamazaki and Bowmore distilleries) and is popular in duty free and the Asian market. These distilleries produce millions of litres of spirit a year. In comparison, Glen Garioch remains a small distillery, distilling 700,000 litres a year. It focuses on tradition and quality.
The distillate, while capable of producing excellent young releases, is best aged for over 15 years. Old releases of Glen Garioch are renowned for being especially complex and balanced. Especially when aged in the more sympathetic subtle traditional ‘refill’ bourbon casks.
When tasting the samples of our 2008 Glen Garioch casks, we were delighted to find that they exemplified this distillery’s unique character with plenty of sweet malt and delicate floral flavours.
Our casks were distilled in October of 2008, being currently 11 years old. I would recommend holding them for at least four years until they are 15 years old. But these would ideally be bottled at 18 years old, a true sweet-spot for this whisky.
These have been in high demand and if you are interested in learning more, do not hesitate to get in touch with us!
These casks are suitable for a 3 year-long investment. They will be ready to be bottled at 12 years old as they have just turned 9!
This is one of our absolute favourites! With typical taste of toffee, coconut and vanilla, we’ll ask you to save us a bottle…
Since being purchased by La Martiniquaise, Glen Moray has benefited from an ambitious expansion. As a host of new releases, it re-established itself as a big name in Speyside whisky. It also became a significant competitor to premium brands such as Glenmorangie. In 2018, the distillery produced five times as much spirit as it did in 1897. Despite this enormous output, all 85,000 casks continue to be traditionally matured on-site.
The original brewery, known as Elgin West, had been producing ales since 1830. In its early years, GlenMoray was remarkable for using a wide range of casks to mature its whiskies in. It was closed in 1910 and resurrected by the MacDonald and Muir families, the owners of Glenmorangie
He bottled a 31 year old whisky and put it on sale at the distillery. This was highly unusual, considering the prevalence of blended whisky over single malt at the time. During the 1980’s and 90’s, Edwin Dodson, the Master Distiller, was one of the first people to experiment with unusual cask types. He released1999 Glen Moray expressions aged in Chenin Blanc and Chardonnay barrels.
The Speyside Distillery is a small, independent distillery with only one master distiller. It doesn’t produce a great amount of whisky but bets on quality instead!
We’ve got a couple of 2015 barrels in our stock, all priced well below £2000/cask! This is a great opportunity for first time buyers. – Learn about whisky investment, put your name on a cask of this popular distillery and don’t spend a crazy amount of money the first time around.
At 5 years old, it’s already, legally, whisky and a great investment opportunity. Read our Cask Investment Guide for more in-depth information, but in a nutshell on these specific casks:
Hold it for a minimum of 5 years
Request a sample in a couple of years, once it’s matured enough
Discuss your other options with us (bottling, sale, auction,…)
Speyside signature characteristics: Light, fruity and delicate = you can’t go wrong here!
Why would you buy a cask of 2019 newly-made spirit from a new distillery when for a third of the price you could have a cask of whisky from a reputable distillery?(it must be, legally, over three years old)
When looking to invest in a cask, one of the most popular options is to purchase a barrel of new-make whisky from a new distillery. It’s a great experience and highly romantic, often including a trip to the warehouse, a round of golf and storage included for 10 years.
However, there is a downside to all the pomp and circumstance. The prices you are charged (often over £4000) reflects the value of a fully mature 10-year-old whisky, not new-make spirit. In most cases, as a ‘custodian’, you cannot sell your cask in-bond for profit and are restricted to bottling your cask. Therefore, it’s not an investment, it’s an expensive hobby. Not all new distilleries are successful either. You have no way of knowing if a business that’s only just started will still be going, or have any sort of reputation, in 10 years’ time.
For the serious investor…
For the serious investor looking to buy a cask at a young age for a medium to long-term investment, there’s another, better, option. We sell casks of single malt whisky from established distilleries such as GlenAllachie, the Speyside Distillery, Glen Moray, Glen Ord, Blair Athol, Glen Elgin and Teaninich. There’s already a buzzing community of independent bottlers and collectors for these whiskies.
You can own one for as little at £1,500. Held in bond, you are free to trade these casks for profit, draw samples, or bottle yourself with your own personalised label.
These casks are not new-make. They’re already over three years old and legally whisky. That’s three years less that you have to wait to realise your investment.
Invest into cask whisky – video – We asked a few people about their own experience with investing into casks of whisky and here’s what they have to say about it.
Does using organic barley affect the flavour of a whisky?
We have the answer – an entire cask of Bruichladdich, distilled in 2012 kind of an answer!
Everybody wants organic. Bruichladdich’s ‘Barley’ series has proved enormously popular and now’s the chance for the hippest whisky lover to own (or bottle!) a whole single cask of organic Bruichladdich for the first time in years.
It’s not the oldest whisky, but organic certification, a first fill bourbon barrel and superb spirit has resulted in an outstanding whisky.
Drink responsibly! – Buying this cask will scientifically reduce your carbon footprint. 🙂
‘Don’t judge a book by its cover’ is a phrase we’re all familiar with yet at times guilty of ignoring.
We buy with our eyes. When comparing a dark-coloured whisky with a light-coloured whisky our brains trick us into telling us that the darker whisky is superior. This is due to a misconception that colour reflects richness of flavour. However, we must bear in mind that with taste this is not always the case. A well-made bearnaise sauce can be much fuller flavoured than an average dark gravy, in very much the same way a craft India Pale Ale will be tastier than a can of Guinness.
Many whisky companies fool us with a simple trick. They add E150A, or caramel colouring, which makes many of your favourite single malts unnaturally dark.
Other whiskies, especially single cask releases from fresh sherry casks, impart the colour of the liquid they’ve previously held. However, these casks only account for a minute proportion of all scotch whisky. While the flavours can often be rich with oodles of dried fruits, it’s worth bearing in mind that pale whiskies such as a classic Ardbeg 10-Year-Old are equally rich. – With a heavy peat aroma and fresh fruits such as apples and pears.
It’s not my intention of dissuading anyone from purchasing a dark-coloured whisky, far from it. One of my favourite drams is the GlenAllachie 15-Year-Old which has had a secondary maturation in Oloroso and Pedro Ximenez casks. Next time you’re debating whether to go for a dark whisky or a light whisky, I would encourage you to try both and come to your own conclusion.
On Monday 7th October, we officially launched Cask Trade Ltd. with a brief presentation on what we do and why, by Simon Aron, the managing director.
Followed by a superb cask strength whisky tasting led by none other than the godfather of whisky – Charles Maclean and Sir Colin Hampden-White, Keeper of the Quaich and one of Cask Trade’s directors.
We sampled 6 cask strength whiskies that we had specially drawn out of casks currently on our stocklist. It was a rare opportunity to taste them with the guidance of some of the most respected whisky experts!
Glenlivet 1978, 40 years, bourbon hogshead, 41.7%
Aberlour 1989, 26 years, bourbon hogshead, 51.1%
Glen Moray 2008, 10 years, bourbon barrel, 57.1%
Fettercairn 2008, 10 years, bourbon barrel, 56.6%
North British 2006, 12 years, sherry cask finish, 59.9% (10 years bourbon, 2 years sherry)
Bunnahabhain 2009, 10 years, 1st fill Oloroso sherry butt, 56.2%
We talked about alternative investment, specifically in casks of whisky and possible exit strategies. Furthermore, about Simon’s personal journey of collecting and investing himself and what eventually led him to creating Cask Trade – a honest and global marketplace in this business!
Soon, you will be able to watch the full presentation and whisky tasting. As well as read more on cask investment and Charles’ tasting notes.
We are excited to be a part of the Whisky Life Festival in Prague this year! Organised in the beautiful New Town Hall right in the heart of the city on the 1st – 2nd of November.
We will have a little booth, samples of cask strength whisky and James with Leo would love to chat to anybody interested about what we do! 🙂
And the big advantage? We will have both Czech and English speaking representatives!
This is an event not to be missed. Billy Walker will be there, brand ambassadors from Springbank, Glenmorangie, Ardberg, Kilkerran, and many more. We will definitely be attending a masterclass tasting led by one of these experts!
Can’t make it to Prague? We will be in Rotterdam on the 19th and 20th of October at the WhiskyBase gathering.
While we don’t make estimates and predictions on the future value of cask whisky, we’re happy to help advise you based on our own experience.
Whether you are a seasoned investor, a first-time buyer or looking to bottle straight away, we have options for you!
Let’s take Glenrothes for example…
Cask Price Increases
In October 2019, a 40-year-old Glenrothes bottling will be released for the first time. One bottle will set you back £2900. For less than the price of two of these bottles you can acquire an entire cask. One of our sherry butts from 2015 contains well over 700 bottles and costs as little as £5,601.38.
Our Glenrothes Sherry Butts from 2015 are available for £5,601.38, casks from 2012 for £7,823.31, and from 2011 for £8,281.68. This gives a 10.27% annual percent return on a four-year-old cask over four years. With a difference in age of only three months between our 2012 and 2011 casks (distilled in February and November respectively), the increase in value is 5.5%.
Earlier this year, a 1st fill 2006 Glenrothes Sherry Butt sold at auction for £21,000, highlighting the financial potential of mature casks from this distillery as well as its high desirability: read more here!
With in-bond sales exempt from capital gains tax, the potential returns are clearly attractive.
Bottle price increases
Another way of understanding the potential value of our Glenrothes casks is by looking at bottle prices. Don’t confuse distillery expressions bottled at 40% with single cask, cask strength editions; the latter will always fetch higher prices. Please note that the bottle cost in-cask does not include duty or VAT, which is included in the bottle price. As the whisky gets older and the bottle price increases, the price of duty per bottle (approx. £10 per 70cl bottle) stays the same. In fact, duty on a very old bottle with a naturally lower strength will be less than a younger bottle at a higher strength.
A Glenrothes 2015 has an in-cask bottle price of approximately £7.36. When buying a 2012 or 2011 cask, the price-per-bottle in cask is around £10.65 and £11.28 respectively. A single-cask bottling of 8-year-old Glenrothes has an average retail price of £60. For a 2011 sherry butt, the spirit inside has a potential retail value of over £44,000 based on approximately 734 bottles at cask strength. When filled, these casks contain 779 bottles worth of spirit; this amount reduces with age due to the natural evaporation of spirit from the cask known as the ‘angel’s share’.
Let’s fast forward to a 30-year-old Glenrothes. A bottle of this rare liquid would set you back at least £440. Du
e to the angel’s share, we’d expect around 490 bottles to be drawn from the cask, with an on-the-shelf value in excess of £200,000.
The best way to approach buying casks, as with any investment, is to create a balanced portfolio of different ages, different hold times, and different distilleries. We would highly recommend adding any of our Glenrothes sherry butts to an existing portfolio, or as a first foray into casks as an alternative asset!
Understand that these numbers are based on our prices and every cask is different and unique in its own way. With our expertise and experience, we are more than happy to recommend the perfect cask fitting your requirements, but we still advise everybody to do their own research.