Business Reporter BrandVoice: The Value Of Rare And Old Whisky Looks Set To Continue To Rise
- Date: 29-Oct-2020
- Source: Forbes
- Sector:Economy
- Country:Middle East
Business Reporter BrandVoice: The Value Of Rare And Old Whisky Looks Set To Continue To Rise
VCL Vintners is a Business Reporter client.
By Tim Ashley, Sales Manager, VCL Vintners
Scotch single malt whisky specialists VCL Vintners has amassed over £60 million in stock under management.
Investors seeking financial shelter during times of economic volatility will naturally head towards tangible assets – and the Scotch cask investment market has benefited enormously from this influx of new investors. With Covid-19 shutting down Scotland's entire whisky production industry and retail alcohol sales up 9 per cent by mid-June, prices for pre-existing casks of single malt casks have skyrocketed.
Your money maturing
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Rare whisky has the potential to be hugely profitable over the medium-to-long-term for patient investors seeking a secure asset. Indeed, the Knight Frank Luxury Investment Index documents growth of 564 per cent over the past