New ways to profit from a love of whisky

Chris Carter looks at the latest online developments for whisky lovers.

Casks of whisky © Cask Trade
© Cask Trade
(Image credit: Casks of whisky © Cask Trade)

Investing in whisky has never been easier from the comfort of your home, even when it’s still in the cask. Whisky Invest Direct (whiskyinvestdirect.com) is a platform that was launched five years ago by the people behind popular gold and precious-metals dealing service BullionVault. Users simply log on and buy whisky that is still in the barrel and kept in the original distiller’s bonded warehouse. The idea is that, as it slowly ages, and other whiskies get consumed, your whisky appreciates in value. Then, you sell it via the platform. Just like on BullionVault, there is a live order board that allows you to set your own asking price.

Another option is to buy and sell whisky by the cask via an online auction. In February, Cask Trade’s (casktrade.com) newly launched auction service, called auctionyourcask.com, held the world’s first live, online whisky auction dedicated to casks. Around 300 whisky lovers registered to take part, withroughly 100 samples sent out to prospective buyers in North America, Asia, Europe and Australia.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Explore More
Chris Carter
Wealth Editor, MoneyWeek

Chris Carter spent three glorious years reading English literature on the beautiful Welsh coast at Aberystwyth University. Graduating in 2005, he left for the University of York to specialise in Renaissance literature for his MA, before returning to his native Twickenham, in southwest London. He joined a Richmond-based recruitment company, where he worked with several clients, including the Queen’s bank, Coutts, as well as the super luxury, Dorchester-owned Coworth Park country house hotel, near Ascot in Berkshire.

Then, in 2011, Chris joined MoneyWeek. Initially working as part of the website production team, Chris soon rose to the lofty heights of wealth editor, overseeing MoneyWeek’s Spending It lifestyle section. Chris travels the globe in pursuit of his work, soaking up the local culture and sampling the very finest in cuisine, hotels and resorts for the magazine’s discerning readership. He also enjoys writing his fortnightly page on collectables, delving into the fascinating world of auctions and art, classic cars, coins, watches, wine and whisky investing.

You can follow Chris on Instagram.