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<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Hi Tom & Ralph and everyone,<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>I was in e-conversation with various
people across the web quite a while ago and my rules for how you can spot a
decent investment opportunity were shared with a few, specifically PLOWED
members, but they may as well be shared with anyone who might even be
interested. For what it’s worth, I’ve been appreciating malts
since 1989 and collecting since 1995.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>To distil it to its very basic essence,
those malts with the most upside are those that are assessed as excellent while
affordable when they come out (and aren’t hideously overpriced and where
you could take a caning if someone decides later on that the stuff is not
shifting and starts discounting). There was a very wise man who once said
“you make your profit when you buy, not when you sell” – i.e.
<b><i><span style='font-weight:bold;font-style:italic'>you have to know enough
to know</span></i></b> that you’ve got a bargain when you purchase.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Run outs of old stock when livery changes
are good opportunities, but only if the consensus amongst palates you trust is
that it’s an 85/100 or more whisky. Rarity has its own value and
drivers, but you’re going to realize a greater capital return on stuff
that people know and actually think is worth drinking. I’ve seen
historically important whiskies sell for SFA, mainly because the contents were
assessed as verging on or not being potable (being polite).<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>I think what drives the price about Black
Bowmore (for example only) is that the product was just amazingly and
exceptionally and gobsmackingly good – I can verify this for the Black
Bowmore First Edition, but not for the rest, because I’ve never tried the
others.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>I think there’s a different dynamic
in play for the “silent stills’ such as Kinclaith, Linlithgow/St
Magdalene, Killylock and Glenflagler here the prices, are driven by different
factors. With the internet, you could end up with 20-30 international
collectors with much more money that sense spending obscene amounts of money
tracking down obscure malts from defunct distilleries. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Almost all of my profitable whiskies have
been ‘lucky’ purchases. I’ve only really used my own
‘formula’ in a couple of cases and only when I’ve had the
ready cash. If you come across something you think is great and is
reasonably priced and has some chance of becoming a “cult” malt,
buy a six pack or more – you won’t regret it. Drink 2 or 3
and sell the rest in 7-8 years time and your drinking would have been for
free. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>As a rider I would like to point out that
I have no whisky in the market at the moment and have never put whiskies on
e-bay or any similar web-based auction site. I do reserve the right to
sell some of my stash in the future, but it probably won’t be via any
overseas operation.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>I’d also like to observe that Peat
& Jack (courtesy of fellow Malt Maniac, Serge Valentin) have a particularly
acerbic take on the outlandish excesses of marketing fools/tools. Check out Whisky
Fun – Google it if you’re interested.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>For what it’s worth<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Slaintje<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<div>
<p class=MsoNormal><font size=3 color=navy face=Georgia><span style='font-size:
12.0pt;font-family:Georgia;color:navy'>Craig Daniels<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=navy face="Bookman Old Style"><span
style='font-size:12.0pt;font-family:"Bookman Old Style";color:navy'>Chairman<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=navy face="Bookman Old Style"><span
style='font-size:12.0pt;font-family:"Bookman Old Style";color:navy'>Malt Whisky
Society of <st1:country-region w:st="on"><st1:place w:st="on">Australia</st1:place></st1:country-region><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Verdana><span style='font-size:
10.0pt;font-family:Verdana;color:navy'>Organisers of <st1:country-region w:st="on">Australia</st1:country-region>'s
Third Malt Whisky Convention <st1:City w:st="on"><st1:place w:st="on">Melbourne</st1:place></st1:City>
24-26 August 2007 <o:p></o:p></span></font></p>
</div>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<div>
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face="Times New Roman"><span style='font-size:12.0pt'>
<hr size=2 width="100%" align=center tabindex=-1>
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<p class=MsoNormal><b><font size=2 face=Tahoma><span style='font-size:10.0pt;
font-family:Tahoma;font-weight:bold'>From:</span></font></b><font size=2
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma'>
mm-malts-l-bounces@grsnet.net [mailto:mm-malts-l-bounces@grsnet.net] <b><span
style='font-weight:bold'>On Behalf Of </span></b>whiskyhill@att.net<br>
<b><span style='font-weight:bold'>Sent:</span></b> Tuesday, 23 October 2007
11:00 PM<br>
<b><span style='font-weight:bold'>To:</span></b> <st1:PersonName w:st="on">MaltManiacs
operated former 'MALT-L' Whisky List</st1:PersonName><br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: [MM-MALTS-L] What
drives price?</span></font><o:p></o:p></p>
</div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<p><font size=3 face="Times New Roman"><span style='font-size:12.0pt'>I know, I
know.... I had planned on bringing a bottle of 1976 Ardbeg cask 2394
to a future PLOWED convention in <st1:City w:st="on"><st1:place w:st="on">Las
Vegas</st1:place></st1:City>. Originally it sold at the distillery (this was
one of the Y2K bottlings along with the 2392) for 100 pounds, or
about $150 US back then. I bought the bottle from Alistair (formerly of the
Lochside Inn) in 2002 for 200 quid. Now I see the Whisky Exchange has it
listed for 850 pounds (or approximately $1700). That makes me think about
selling it now. Am I daft?<o:p></o:p></span></font></p>
<p><font size=3 face="Times New Roman"><span style='font-size:12.0pt'> <o:p></o:p></span></font></p>
<p><font size=3 face="Times New Roman"><span style='font-size:12.0pt'>BTW, we
would love to see you there again one of these years Ulf, if your schedule
would allow it!<o:p></o:p></span></font></p>
<p><font size=3 face="Times New Roman"><span style='font-size:12.0pt'> <o:p></o:p></span></font></p>
<p><font size=3 face="Times New Roman"><span style='font-size:12.0pt'>Slainte,<o:p></o:p></span></font></p>
<p><font size=3 face="Times New Roman"><span style='font-size:12.0pt'>TB<o:p></o:p></span></font></p>
<blockquote style='border:none;border-left:solid #1010FF 1.0pt;padding:0cm 0cm 0cm 3.0pt;
margin-left:2.5pt;margin-top:5.0pt;margin-bottom:5.0pt'>
<p class=MsoNormal style='margin-bottom:12.0pt'><font size=3
face="Times New Roman"><span style='font-size:12.0pt'>-------------- Original
message from "ulf@buxrud.se" <ulf@buxrud.se>: -------------- <br>
<br>
Dear Ralph <br>
<br>
<br>
<br>
Yeah several of us 'early' enthusiast experienced the same. Perrsonally I
bought several of the dual versions of legendary Springbank 'green'
from Milroys in the early ninties. Price approx 45 pund each. I used most
of them as house whsiky for unfancy every day drinking. Today the
bottles goes for 2.000 to 2.500 pound. Ouch...<br>
<br>
Perhaps my early consumption made the version rare and l drove up the
prices.... <br>
<br>
Lesson learned, make a rare version even rarer....(;-)<br>
<br>
So, I may be on of the culprits at least in the Springbank case. <br>
<br>
Ulf <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=gray face="Courier New"><span
style='font-size:10.0pt;font-family:"Courier New";color:gray'>------------------------------------------------<br>
____<br>
\__/ Ulf Buxrud ulf@buxrud.se<br>
/ \ ========================================<br>
_ \__/ _ A Keeper of the Quaich<br>
\\ || // Member of the Malt Maniacs<br>
<a href="file:///\\%7C%7C\">\\||//</a> <br>
\||/ Website www.buxrud.se/<br>
|| Fax(+46)40-160756, Phone(+46)40-160722<br>
|| Snailmail c/o DataAnalys <st1:City w:st="on">Scandinavia</st1:City>
<st1:State w:st="on">AB</st1:State> <br>
|| <st1:address w:st="on"><st1:Street w:st="on">P.O.Box</st1:Street>
20</st1:address> 048, SE-20074 MALMOE, <st1:country-region w:st="on"><st1:place
w:st="on">Sweden</st1:place></st1:country-region> <br>
|| <br>
|| UISGE BEATHA GU BRATH<br>
------------------------------------------------</span></font><o:p></o:p></p>
<p class=MsoNormal style='margin-bottom:12.0pt'><font size=2 face=Tahoma><span
style='font-size:10.0pt;font-family:Tahoma'><o:p> </o:p></span></font></p>
<div class=MsoNormal align=center style='text-align:center'><font size=2
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma'>
<hr size=2 width="100%" align=center>
</span></font></div>
<p class=MsoNormal style='margin-bottom:12.0pt'><b><font size=2 face=Tahoma><span
style='font-size:10.0pt;font-family:Tahoma;font-weight:bold'>Fren</span></font></b><font
size=2 face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma'>:
professormalt@comcast.net<br>
<b><span style='font-weight:bold'>Skickat</span></b>: den 16 oktober 2007 13:12<br>
<b><span style='font-weight:bold'>Till</span></b>: <st1:PersonName w:st="on">MaltManiacs
operated former 'MALT-L' Whisky List</st1:PersonName>
<mm-malts-l@grsnet.net><br>
<b><span style='font-weight:bold'>Dmne</span></b>: [SPAM] Re: [MM-MALTS-L] What
drives price?</span></font><o:p></o:p></p>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>GrandaRalph,<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>I think if we knew the answer to those questions, we could all retire
and become whisky futures speculators. A case in point, in 1994 I bought
several bottles of Black Bowmore 1st release and a couple bottles of the 1963
Anniversary Bowmore (commemorating the 30th year of acquisition by
Morrison). There were thousands of bottles of the Black, but only 500 of
the Anniversary. I drank all of the Black and kept one of the Anniversary
bottles squirreled away.<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>We all know how that worked out, the prices for Black shot through the
roof in just three years and the Anniversary is still virtually unknown (even
though IMHO it was the better of the two Bowmores). <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>Go figure.<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>Slainte,<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>Brian<o:p></o:p></span></font></p>
</div>
<blockquote style='border:none;border-left:solid #1010FF 1.0pt;padding:0cm 0cm 0cm 3.0pt;
margin-left:2.5pt;margin-top:5.0pt;margin-bottom:5.0pt'>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>-------------- Original message -------------- <br>
From: Ralph Katzenell <ralphoosh@012.net.il> <br>
<br>
> Greetings all. <br>
> The recent discussion on pricing and collectability prompts me to wonder:
what <br>
> exactly is it that drives up the price of a particular bottling? More <br>
> specifically, is it common for single cask one-offs (batch size say 190 -
550 <br>
> bottles) to become collectors items. How long does it take.? How is its <br>
> "collectability"established? Does it need time, distribution and
initial easy <br>
> availability (based on multi-cask batching) to become a collectors item. <br>
> Granted there are the advertizing promotions deliberately intended to
appeal to <br>
> "faux-collectors". I'm more interested in applying the question
to standard <br>
> bottlings intended for sale for consumption. <br>
> <br>
> Granpa Ralph <br>
> <br>
&a mp;g t; _______________________________________________ <br>
> MM-MALTS-L mailing list <br>
> MM-MALTS-L@grsnet.net <br>
> http://lists.grsnet.net/mailman/listinfo/mm-malts-l <o:p></o:p></span></font></p>
</blockquote>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
</blockquote>
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