Wednesday, June 6, 2012

CNN: Whisky whets investor thirst for 'neat' returns

CNN has a story on how Scotch whisky is becoming an investment. I guess that's good if you can avoid drinking the principal. In any case, this is an investment strategy I can relate to!

Single malt Scotch whisky, the centuries old Scottish liquor, has emerged as an attractive investment over the last four years, analysts and industry experts say, with high demand for rare luxury bottles driving record-high auction prices.
The recent opening of a lavish, Manhattan-based whisky club, and the $460,000 world auction record sale of the Macallan ‘Cire Perdue’ in 2010 are just a few signs of the trending single malt market.

Bonhams hosted its first U.S. whisky auction in 2008, and has since sold tens of thousands of bottles domestically. Whisky Highland is a Scottish company that independently tracks the UK auction values of thousands of whiskies. They provide detailed valuations of individual bottles and their sales, as well as statistical analysis of auction results.

Get the full story on CNN's Eatocracy