We like to think of ourselves as experts who build sound relationships with clients, through focused and ongoing account management, understanding and supporting short and long term goals to find purchasing solutions that work every time.
Understandably and especially if you are new to the whisky investment market, how ownership and warehousing works can be confusing and unfamiliar. Here we give some additional information and context to help you become more familiar with the process and standards.
Until your cask whisky is ready to be bottled it must remain stored in a government approved bonded warehouse. Although cask whisky can be sold whilst held in bond fairly easily, duty and excise must be paid upon its release.
The restrictions described above mean that anyone who wanted to purchase cask whisky in the past would have to first secure an account with a bonded warehouse before they could store their whisky in their own name.
In addition and adding another layer of complexity if the individual or entity were acting as a commercial, for example holding a large number of casks or in fact bottling casks they may also be required to become WOWGR registered.
The complexities described above have historically been seen as a barrier to entering the investment marketplace and you can see why!
The Heritage Cask Co. is able to guide you in and out of the whisky market with our fully tailored management service. With a line of procurement to some of the world's best whisky casks not only can we source you the best opportunities we can also monitor the market and look to assist you smoothly in your exit when it's time to liquidate.
When opening an account with Heritage Cask Co., our clients automatically benefit from our Portfolio Management service. No matter how large or small your portfolio may be, you will receive access to all our services and customer care.
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An initial conversation or conversations with one of our experienced representatives will help us understand exactly what you are looking to achieve from your investment in the cask whiskey market and how we might help you do that.
Based on our discussions we will present you with portfolio options that we feel meet your criteria and expectations. Whether you have a medium or long term goal there are always attractive cask opportunities available.
Once you have decided on the option that you want, and are happy to proceed, our compliance team will then request the relevant information we require from you and provide you with payment instructions.
We will provide you with your full ownership certificates and documentation. Your casks will be held in a secure bonded warehouse facility where it will be fully insured.
We pride ourselves on our after care. Your account manager will be providing you with regular updates on your portfolio and developments within the whiskey market keeping you fully uptodate.
Your single or collection of whisky casks will be appropriately stored and fully insured in bonded warehouses until they are sold or transported for bottling.
You are welcome to visit your cask at any time. Bonded Warehouse facilities allow secure access to our clients, facilities are fully operational and require reserved appointments. Your dedicated account manager will provide full assistance in arranging your visit.
We often approach other investors and collectors who are looking to add aged whisky to their own portfolios. These investors will typically pay a premium not to have to wait for maturity from new make whisky. Whisky 10 years old or more is typically most attractive.
All of the most reputable auction houses, globally, offer their services in the sale of rare and desirable spirits still casked and stored in bonded warehouses. With record prices being broken in 2021 on a regular basis.
As the market grows, new brands of whisky will be hitting the shelves each year. These fledgling companies don't often own or partner with distilleries and look to purchase aged whisky that is ready to be bottled immediately.
Distilleries also buy back casked whisky they produce when supply is low, although this may not be the quickest route to market for you it can be one of the most profitable.
