Whisky cask investment firm doubles sales

Whiskey and Wealth Club has sold €7.8 million (US$9m) worth of whisky casks since the start of 2020, double its sales for the same period last year.

Whiskey and Wealth Club sold 258.5 pallets of whisky during the coronavirus lockdown

The investment firm reported that it sold 258.5 pallets of whisky casks since the coronavirus lockdown began.

CEO and co-founder of Whiskey and Wealth Club Scott Sciberras said: “Despite the current predicament of global financial markets, cask whisky investment bucks the trend. We’ve seen it go from strength to strength as it grows in favour with investors, which crucially is also supporting distilleries at this testing time.”

The spirit’s “favourability with investors” has been strengthened amid the pandemic, following the rising popularity of whisky investments in recent years. Last year, rare whisky topped the Knight Frank Luxury Investment Index, rising in value by 40%.

Sciberras added: “The value of these premium spirits is largely determined by age, but also by the quality of the distillery and the brands they release. While all whisky increases in value over time, some increase more than others. So working on an exclusive basis with leading distilleries really gives a strong value add to our clients.

“Combine this with the fact that cask whiskey is an asset based-investment not tied to financial markets makes it ever-appealing.”

As well as financial return for investors, investment through Whiskey and Wealth Club also supports distilleries as the company offers producers an injection of capital to help cover overheads for the whisky-making process.

Whiskey and Wealth Club experienced its “most successful” year to date after revenue reached €10m (US$11.1m) in 2019.