A bit of fun buying a bottle of whisky

Bigbobby

This post is not a serious matter but just for a bit of fun. I am sensible with money with paying the bills and mortgage, pay into a pension, stocks and shares ISA and a rainy day fund.
I just thought I would let my hair down a bit and buy a limited edition bottle of whisky and see what happens. I went for the coronation whisky. Only 5000 bottles made. It's English whisky at a distillery in Norfolk, just something a bit different. Scotland and Japanese prices for limited editions are just silly prices.
It cost me £100. A similar limited edition from the same distillery in Norfolk for the queen's jubilee recently sold for £500. It will be interesting to see what Charles coronation version goes for if I keep it for 20 years. I'm sensible and don't drink anyway. Some people might think whisky is for drinking and keeping it as an investment is controversial but I just find it interesting and fun.
As I say this post is nothing serious just wondering if anyone has had any success stories buying a bottle of whisky for fun and see what happens?

Nebulous2

Royal Lochnagar did a special edition of 1000 bottles, available on the coronation day for £360. I think you had to buy them in person and were limited to one bottle each. 

dunstonh

Some people might think whisky is for drinking and keeping it as an investment is controversial but I just find it interesting and fun.

Its not controversial but has been plagued by scammers, and the chance of making money is very low as its only a small number will go on to obtain real money increases.

retiringtoosoon

So you paid £80 for a sticker?

Aretnap

Bigbobby said:

I'm sensible and don't drink anyway.

There's an old adage "don't invest in more whisky (or wine etc) than you can drink". So by that measure you might have bought too much.

Sea_Shell

Well, seeing as millions of people probably spend £100s on booze that they consume, rather than keep, and so have nothing to show for their £££, other than a hangover , then what's the harm in a little flutter on a bottle to keep.  

If you can afford it, and you're not banking on making a profit, then where's the harm.   You've bought a 'real' thing that you now have in your possession, so not a 'scam' in that sense.

Good Luck.


I've got some "First Day Cover" stamps somewhere that I bought with my pocket money many many years ago....hmm, wonder if I've made a profit?!?

InvesterJones

Bigbobby said:

A similar limited edition from the same distillery in Norfolk for the queen's coronation recent sold for £500.

Given said distillery was only founded in 2006, it's very unlikely they did anything for the late queen's coronation back in 1953.

Malthusian

Bigbobby said:

I just thought I would let my hair down a bit and buy a limited edition bottle of whisky and see what happens. 

In the interest of seeing what happens, have you looked at what you would currently get for the whisky if you sold it on the open market?

As I say this post is nothing serious just wondering if anyone has had any success stories buying a bottle of whisky for fun and see what happens?

Yes, lots of them. They all involved drinking the whisky though.

mebu60

Sea_Shell said:

Well, seeing as millions of people probably spend £100s on booze that they consume, rather than keep, and so have nothing to show for their £££, other than a hangover , then what's the harm in a little flutter on a bottle to keep.  

If you can afford it, and you're not banking on making a profit, then where's the harm.   You've bought a 'real' thing that you now have in your possession, so not a 'scam' in that sense.

Good Luck.


I've got some "First Day Cover" stamps somewhere that I bought with my pocket money many many years ago....hmm, wonder if I've made a profit?!?

My father bought many Royal Mint presentation packs telling us three kids that we'd be able to sell them for considerably more. Roll on many years, plus many more years stored in my attic after his death, most failed to fetch what he had paid for them! He recorded in pencil on the reverse of each pack the amount he paid. A modest distribution to his grandchildren plus a Sunday pub roast for myself and my two siblings plus partners. Not sure that's what he envisaged for the proceeds! 

redux

About 30 years ago a group of us went on a visit to the distillery of a friend's favourite whisky

I can see now that if I'd bought some of that and kept it, it would have increased in value since then

But so have equity investments I made a few years later, so maybe I didn't miss out.

On the other hand the 30 or 40 year old I can see for several thousands now were only released in 2022 and 2017, so presumably most of the improvement has happened in the cask not the bottle.

DullGreyGuy

Didnt fancy a punt on the Glen Grant version?
https://www.thewhiskyexchange.com/p/71566/glen-grant-1948-74-year-old-charles-iii-coronation-private-collection 

redux said:

On the other hand the 30 or 40 year old I can see for several thousands now were only released in 2022 and 2017, so presumably most of the improvement has happened in the cask not the bottle.

Yes, once bottled it will change little but that doesnt mean they dont increase in value. A 10 year old GlenGrant is about £35 but this 7 year old bottled in the 60s they are asking £500 for https://www.thewhiskyexchange.com/p/47677/glen-grant-7-year-old-bot1960s