“Distilled liquors don’t age in the bottle; They don’t change at all.”
The points here are:
1) It was aged for 60 years in a barrel
2) Only 40 bottles were produced
3) This is one of the 40
4) The last time one of these 40 were sold, it fetched 1.2 million pounds.
It’s a rarity thing and a damn good investment.
1) It was aged for 60 years in a barrel
2) Only 40 bottles were produced
3) This is one of the 40
4) The last time one of these 40 were sold, it fetched 1.2 million pounds.
It’s a rarity thing and a damn good investment.
………………..
Oh, I get it. I was responding to the nature of aged wine purchases vs hard liquor.
The value perceived in this transaction is based on scarcity. This one turned out to be a good investment for the guy who bought it before. Greater fool theory, imho.
Good “investment” stories like this make the news because they are so unusual (Look! This bottle is worth 1.2m pounds to this guy!).
I have a pretty extensive wine cellar that gives me pleasure. I like buying wine, aging it so it goes up in value (to me and the market), and drinking it whenever I want. I love the large selection and fetching a twenty year old bottle whenever I feel like it.
I’ll never sell them. I drink the profit.
Not so with whisky (although I like that too. ;)
I’m sorry, but I don’t get it. Whisky is not to be bought as an investment. It is to be drunk, preferably with some people who appreciate the finer things of life....like a massively good whisky.