Bidding is due to open this Friday 31 January at noon GMT for seven casks in Cask 88’s third dedicated online cask auction, ‘Against the Grain’, which is named to reflect the diversity of spirit on offer.
January 28, 2020
EDINBURGH — Tuesday 28 January 2020 – Scottish whisky broker and award winning independent bottler Cask 88 have announced their third auction, bidding for which opens at the end of the month. When the platform launched in June 2019, it was the first and only online platform dedicated to auction of whisky casks. The third Cask 88 Online Cask Auction, ‘Against the Grain’ will open on Friday 31 January 12 noon GMT and end 10 days later on Sunday 9 February 5pm GMT. Seven lots are featured, representing a range of diverse spirit and cask types, including two casks of grain whisky, two casks of new make spirit from Isle of Arran distillery and malt whiskies maturing in ex-Bourbon, ex-sherry and ex-rum casks. The oldest whisky in the collection is a 45 year old grain whisky cask from Invergordon distillery. All the liquid is distilled and stored in Scotland.
When the platform launched in June 2019, it was the first and only online platform dedicated to auction of whisky casks. The first auction was titled ‘Maritime Malts’ and featured seven casks of Scottish whisky, all from Scottish distilleries with a strong link to the coast. Nearly 300 bids were received across seven casks on the block and the closing value across the auction totalled £129,382. The second auction ran in September 2019, themed ‘Fertile Heartlands’ in honour of the rich history of barley-growing for the whisky industry in Scotland. All the casks in this auction originated from distilleries notable for their attention to sourcing prime barley for their spirit, or located in Scotland’s top regions for barley growth.
“Our third cask selection showcases the diversity of the whisky cask market,” said Head of Content Sam Laing. “Whisky enthusiasts are not limited by what the major producers choose to bottle and put to market. Whether they love well-matured grain whisky, malts with an uncommon cask finish, or they simply want to observe a delicious new spirit as it matures and develops over time, cask ownership gives them the opportunity to find something unique, and then to put their own stamp on it.”
“We’ve had a great response so far to our cask auctions,” said Cask 88 Director, Patrick Costello. “Our public platform offers full transparency, and an innovative way for our clients to engage with the whisky cask market. It has even given a boost to our traditional sales, as auction visitors, curious to learn more, approach us for our weekly cask list. We look forward to welcoming more sellers and buyers to the platform in the coming months and years.”
The Cask 88 Online Cask Auction platform only lists casks from private individuals, with careful consultation with the seller. Lots are always publicly visible on the Cask 88 website, and each cask undergoes a verification process to confirm ownership and provenance before going online. All casks over three years of age must have been regauged within the last 18 months to be considered for the auction. A sample from each cask is reviewed by the Cask 88 in-house team, who, among them, have sat on tasting panels for, and advised, top names in whisky, such as the Scotch Malt Whisky Society, the Waldorf Astoria, the Peninsula Shanghai and The Scotch Whisky Experience.
Potential bidders will need to register before they can view active auctions and receive authorisation to bid. The final hammer price includes the cost of the cask and the first two years of storage. All other costs related to storage, removal from bond, insurance, regauging, sample withdrawal, transportation and bottling will be the sole responsibility of the buyer. This includes VAT and any UK excise duty. A buyer’s commission of 10% is added to the hammer price of all lots. Cask 88 accepts payment via bank transfer/BACS and all major credit and debit cards.
Once they have made their purchase, buyers will be eligible for the same level of service as provided to all clients of Cask 88. Casks are stored in a bonded warehouse in Scotland, and after purchase, clients are welcome to visit their cask and to have samples delivered to them. If they choose to bottle the cask down the line, Cask 88 offers packaging and labelling design services and supports clients throughout bottling and export of the final product. To register to bid and view active lots, visit http://auctions.cask88.com/
Notes to Editors:
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About Cask 88
Whisky cask broker and independent bottler Cask 88 is on a mission to take discerning clients on a journey from cask to glass, by offering clients the opportunity to select, purchase, label and package their own exclusive whisky drawn from the finest Scottish whisky casks. The company founders have been trading collectible single malt since 1987 and opened the Asia office in 2013; now Cask 88 offers a wide selection of old and rare casks from world-renowned distilleries, and provides end-to-end care that includes cask procurement and storage, bespoke packaging design and bottling services. An extensive inventory and expansive global network provide an unparalleled selection of fine whiskies, which attracts a wide clientele from London, Hong Kong and Beijing to New York.
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