Daily Management Review

Experts: Investments in whisky are on the rise


According to Knight Frank consulting company, last year whisky turned out to be the most profitable investment from among all the luxury investment assets. Over the year, price of Scotch whisky as an investment asset increased by 40%, getting ahead of such traditional assets as collectible wines, ancient coins and works of art.

Whisky unexpectedly became the undisputed leader in terms of profitability among alternative assets for last year. In this regard, the drink was first included in the annual index of luxury investments of Knight Frank consulting company (KFLII).

Over the year, price of Scotch whisky has grown by 40%, and over the last ten years - by 582%.
The index also includes collectible coins, the cost of which increased by 12% for the year, and by 193% - for ten years. And they are followed by all other traditional investment assets, such as collectible wines, works of art, watches, cars, furniture, diamonds, real estate, and jewelry. Last year was unsuccessful for some of them: price of diamonds has not changed, while real estate and jewelry have even fallen in price.

Experts attribute such jump in popularity of whisky as an investment asset to the steady demand for this drink in the world, primarily in Asian countries, which contributes to the rise in prices.
More often than not, investors choose drinks from manufacturers such as Bowmore, Springbank, Macallan, Laphroaig, Clynelish, Dalmore as an investment. Thus, a bottle of Macallan 1926 60-year-old whisky was sold at Christie`s auction for a record £ 700 thousand, and just a month later the same bottle of whisky, but with a label decorated by Irish artist Michael Dillon, was already sold for £ 1.2m

According to Andy Simpson, founder of research firm Rare Whiskey 101, a specialist in whisky investments, “over the past ten years, the market for rare and vintage bottles has experienced an incredible growth in both the volume of whisky sold and purchased and the cost of this whisky.” “We are now in the very center of an ideal storm in terms of supply and demand,” the expert said in an interview with The Times.

source: thetimes.co.uk

Science & Technology

China is developing technology to capture greenhouse gases

IEA: The growth of renewable energy is slowing

Google introduces new smartphone and beta Android Q

SpaceX’s Dragon Crew Capsule Test Met With Anomaly

New Security Study Finds Millions Use 123456 As Password For Email Accounts

The Devastating Panama Disease Could Spell Extinction For Bananas

Walmart to hire 4 thousand robot cleaners

Samsung Galaxy Fold: Expensive but fragile

USA and South Korea launch the first commercial 5G networks

Deliveries of AR/VR devices to grow by 54% in 2019

World Politics

World & Politics

Theresa May to resign on June 7

The Earth Is ‘Not On Track’ To Tackle Global Warming: The U.N. Secretary General

Is Finland’s aging population turning the country into Japan?

The United States will impose new duties on Chinese goods on Friday

Jyrki Katainen: EU is not a milk cow

Oil lobby and the planet's future

Trump files a lawsuit against Deutsche Bank and Capital One

Trump Urged Abe To Influence Japanese Auto Firm To Produce More Vehicles In The U.S.