If so, are you planning on passing the scotch on to your children or selling or drinking at some undecided time in the future?
Here is the point of my question; if you have such a bottle and are waiting for the right moment, are you not afraid that moment will never come? Perhaps an accident will occur and you may not be able to drink it?
I know it's good to keep special scotches for great occasions though how long does one wait? Isn't life special enough to celebrate any time?
I'm not sure I would hold off drinking a special scotch for years and years and years hoping the right moment came........
perhaps one falls into more than one option, however, just pick the closest that reflects your situation.
opinions and stories welcome.
Caol Ila 25yr old 1976 Signatory Vintage Cask Strength
Highland Park 18yo Cadenhead bottled in '97
Port Ellen 24yr old 1978 The Whisky Shop 10th Anniversary Bottling
and several Bruichladdich Valinch's
I'm waiting for a good moment to open it, when that is, I'm not really sure.
this is indeed a very old discussion within all whisky circles and you have approached this, like many others, from the point of view of a "drinker".
I do like a dram or two, but I am also an avid whisky collector and would like to put forward a slightly different view.
Let's start with a question back to you:
Do you have any money in your wallet which you haven't eaten as yet?
If so, then why?
Many currencies make great sandwiches so why not eat all your money today?
Right now in fact!
OK, so that may seem rather silly as we all know money can be spent or even saved. If you put your money into a bank account they will even give you more for leaving it with them! If you are really lucky, certainly here in Germany, you just may be given around 4% per year. I know someone who has committed to a long term plan and is delighted to be receiving almost 6% per year.
So, let's look at a slightly different concept of a "savings plan", perhaps a retirement fund:
If I were to tell you that over a period of say 10-20 years, if you know what you are doing and select carefully, this "commodity" or savings plan could return an average "interest" of around 10% per year, might you be interested?
What if I told you that this "savings plan" comprised carefully selected bottles of whisky?
Also, as with all commodities, sometimes you may even be extremely lucky and multiply your initial investment two or three-fold in a very short time.
(Yes, you may be unlucky with some too and not gain any 'profit').
However, at the end of your 10-20 year savings plan, so long as you 'invested' wisely you should almost certainly see a very handsome return on your initial investment.
In summary, I would suggest that you (and many others) look at some bottlings in a slightly different way. Almost all whiskies are great to drink, but just some of them also hold great prospects for investment.
I know this is difficult, but try to look at this issue from two different sides:
1. The drinker - enjoy your drams that are open and don't feel guilty about drinking them.
2. The investor - Some bottles are definitely going to increase in value, certainly in the long-term. Don't be afraid to view these as a commodity or investment. Put them away, look after them and you will be rewarded.
Finally, for those who say keeping whisky like this removes it from general access to the 'drinkers', then I would remind you that in 10-20 years when such a collection is made available by a collector wishing to turn his investment into hard currency, then these great bottles will be available when otherwise they would have long disappeared!
Ideally, they should also be dated / aged with bottle numbers and OB rather than IB. Although some IBs are right up there with the OBs.
(Just look at some of the Moon or Samaroli bottlings!)
As we all know, certain distilleries are very much "in vogue" - today Ardbeg is an excellent example, so is Glenmorangie and for some editions, Bruichladdich can fall into this category too.
Closed distilleries are also good prospects, certainly as stocks dwindle and become much harder to find.
One great example of another "in vogue" distillery has been Macallan. On an affordable level their older "classic label" 18y editions have proven excellent investment opportunities and I am sure will continue to do so.
But the new style range - these are no longer dated like the older ones and don't really hold much prospect.
The earlier Macallan and Glenmorangie "specials" commemorating specific events are also great ones to hold.
Yes, there are many possibilities, who knows which distilleries will suddenly be in the limelight in a few years time?
That's all part of the fun!
thanks for your posts. First off, let me make it clear that I in no way am 'frowning' upon one who wishes to collect and profit in the future, as Mr.T. pointed out, my siggy sums it up and I believe one can do as they please, does not bother me (aslong as one is not going around killing people or massively poisoning the water etc, and harming - in general, to each their own and more power to ya! )
I was curious more about some scotches that may be in the range of; 'I'm going to drink it but am waiting for the right moment, though the right moment has not been in years and years'. I wondered about what really are 'right moments' and if any who may be in this category are perhaps a tad nervous that they may not be able to experience said scotch/es ever due to death, disease or something unexpected.
Perhaps my question/poll was not clear enough as my musings went tumbling along in my head though I made it and will leave it be...... something to 'chew' on at least.
I hold no grudge for any who may collect scotch, it's just an option in the poll.
Lastly, thanks to all for your opinions/stories.
PS, scotch being held for definate dates are very understandable and Canadian Loonies taste aweful
I almost voted for 'waiting for the right time to open it' because I do have several unopened bottles around, but I know exactly the right time to open them: when one of the others is empty.
In the end, whisky is worth whatever people are willing to pay for it.
Interesting fact: From 1940 to 2005, the median home price (US) increased 5.33 fold and the consumer price index increased 13.95 fold. If you invested a dollar in a DJIA index fund in 1940, you would have $68.18 in 2005.
Here's a question - when am I allowed to pour Malt Whisky down the plughole?
give it to someone... or ask a few if they would like to try it as you can't finish it.... who knows, perhaps someone will like it and perhaps you'll get a laugh if they don't.... good for a story between friends I'd think.
DramMeister wrote:... it's a bottle of Ledaig NAS and I can't face another drop of it. It's been open about 2 years, I got half way down it.
Here's a question - when am I allowed to pour Malt Whisky down the plughole?
with ledaig id say from the second you bought the bottle....
but if it were any other whisky, thats a diffrent matter
Special occasions are every birthday and every anniversary and evenings with good friends who like whisky..those moments in time don't come back.
I guess I'm too practical as well. At a tasting a few months back I sampled a St Magdelene 21 yr old, an Inchgower 27 yr old, and a Banff Speyside 21yr old
They were all great whiskys and when someone asked if I would buy one I said I'd love to but I thought...how many Lagavulin DE's or Talisker 18yr or even Balvenie DBs could I buy instead.
That said I also admire those that can buy whisky to collect and not touch it. I don't have the wherewithal or the will power to do that sort of thing.
(Besides, the wife says I have too many other collections of things that take up space in the house)
If I may quote Don Henley ..I've never seen a hearse with a luggage rack."
And there is no dress rehersal for life. Enjoy it, however you like, but enjoy it.
I do have a few more bottles than I need, but I am by nature a hoarder. However, I would like to aim to have a "rolling collection" so that I hoard hardly anything, if I buy something special, I open something special. Let's see if it works in practice.
In fact, I opened a Very Old Fitzgerald Bottled In Bond, distilled in 1956 and bottled in 1964, earlier this month in the company of several bourbon-aficianado friends. Personally, I valued it more in that company than for the doubling in monetary value I could have realized for it on eBay.
So, sure, whisk(e)y might be a potential collectible/investment, but that just isn't why it interests me. There's always the 'next big thing' to invest in, but a rare whiskey might never come along again. I'd rather experience it.
now if only my poll will get someone to thinking and open that bottle that is being saved for the 'right moment', then have a great experience in their life, then all will be well
truly though, I am pleased to see that some go for experience and have the enjoyment.... for collectors, the enjoyment will come in future funds... and who knows, they probably have a few of the same and can drink one.... there are many 'right' moments in life, just depends how one veiws it...
'I'm waiting for a good moment to open it, when that is, I'm not really sure.'
But in saying that I'll be as honest as I can.
My Irish Whiskey collection is a collection which I do put a fincial value on and probably at some stage will sell off a lot of it but at the moment it is something that I actually enjoy looking at. However I do drink a lot of my stock and go with the buy 3 drink at least one but I know I will never get the opertunity to drink it all.
On the other hand I have a total different outlook on Bourbon and Scotch. I drink or hope to drink all of it and don't buy it for collecting. I do have a few 0ver 30year olds in stock at this stage and will hopefully drink them sooner rather than later. Like some, I'm waiting for a good occasion to open them.
I've mentioned this bottling elsewhere in the past and it's being saved for my daughter to do as she sees fit. As many of you are aware, Glen Albyn is an extinct distillery, that location now is a parking lot.
And frankly, I have too many bottles open to even consider opening this one. The remainder in the Lair will at some point in time be opened and enjoyed as the Stillman didn't ply his craft for it to be admired on a plinth.
(On a side note, there is a new candidate location on the horizon for the Whisky Lair. Have to discuss it some more with the Missus. Edit: And there's a built in safe for the rare bottlings!)
I said was, as having just read Malt-Teaser's excellent posts on investment I dont feel so uncomfortable with myself about wanting to buy that bottle of Port Ellen.
This begs now the question is "Port Ellen that sound investment or is the marketing of the releases persuading me?" (sorry... off topic)
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