Collectables: rum comes of age

Rum, the party spirit, is being taken seriously by collectors, says Chris Carter.

Woman drinking a cocktail, and a bottle of rum © Getty Images/iStockphoto
Foursquare: a collectors’ favourite
(Image credit: © Getty Images/iStockphoto)

No longer just the frivolous spirit of pretty cocktails and beach parties, rum has come of age. Sales shot up by 53% over the past 12 weeks, making it the “spirit of the summer”, according to Waitrose. “We’ve been anticipating the year of rum for a while and it has finally arrived,” says John Vine, a spirits buyer at the supermarket. And while white rum is still the overwhelming mass-market favourite, “sipping rums” are becoming more popular.

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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.