I have "signed up" for a one tenth share in one of these barrels. I am not doing it as an investment or anything, but it will keep me interested. I have shares in a few Bladnoch barrels too, a bourbon one and some wine ones. Who knows how they'll turn out... <br>
<br><div class="gmail_quote">On Thu, Nov 5, 2009 at 8:52 PM, Ron Smith <span dir="ltr"><<a href="mailto:ron@nooranismith.co.uk">ron@nooranismith.co.uk</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;">
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<p>Hi all</p>
<p> </p>
<p>Yes I know it's a subject that keeps turning up, but i wondered what the latest advice on buying a cask of whisky is these days. i know a few years back there were a lot of rip offs on the go, but has that all settled down now? i ask as a friend has the oppo to buy into some cask(s) from Bunnahabhain (a favourite) but is understandably leery. Opinions? A copy of the proposal below:</p>
<p> </p>
<p>"This information is to help those people who have expressed an interest <br>in either a share or a tenth share of a cask of Margadale which is the <br>name given to a peated malt distilled at Bunnnahabbain Distillery.<br>
Distilled in Jan 2005 using peated malt, it's similiar in <br>characteristics to Bunnahabbain Moine.<br>The casks I've bought have still to be delivered down to Bladnoch to be <br>gauged to check that there has been no leakage and that evaporation <br>
levels are "average" The casks can be warehoused or moved elsewhere if <br>the buyer prefers, other members prefer to purchase just a tenth share.<br>Some of you have asked for an entire cask, many have indicated that they <br>
would like the whisky to be transferred into a sherry hogshead. Can I <br>say that I will be willing to try to accomadate most requirements but in <br>the first instance right now I am selling the casks or shares on the <br>
basis of which I am acquiring them which is in barrels, probably refill.<br>I anticipate that each cask will have been filled originally with <br>between 190 and 200 litres of alcohol at a filling strength of 63.5% and <br>
that evaporation will not have exceeded 2% per annum over 5 years, ie <br>10% which should leave approximately 90% of the original litres of <br>alcohol remaining. Barrels do vary slightly in size.<br>The casks will be re-guaged within the next couple of weeks and the <br>
contents shall be stated on your Cask Purchase Agreement. If any cask <br>contains less than 195 bulk litres times 63.5% times 0.9 which is 111.4 <br>litres of alcohol (allowing for five years evaporation)the buyer will <br>
have the opportunity to obtain a full refund or if he/she prefers, a <br>pro-rata refund for any discrepancy. The price of a cask will be £1250 <br>and a one tenth share slightly more to reflect extra paperwork £135.<br>Warehouse Rent/Insurance is NOT INCLUDED but must be payable in addition <br>
to Bladnoch Distillery at the current rate from the date when the casks <br>become 5 years old (which I think is the 10th of January 2010.) It will <br>be payable annually in advance or on demand, the annual rate for 2010 <br>
will be £10.40 (20 pence per week)<br>For those of you who are interested in purchasing a one tenth share of a <br>cask, the agreement will stipulate that it should be bottled when it has <br>matured for a total of ten years or if otherwise, provided written <br>
agreement has been reached by all the cask owners.</p>
<p>IMPORTANT Please Note. Having considered the level of interest I have <br>purchased 8 casks from the broker who has given me an option until <br>Friday for another four casks which I am certain to take up."</p>
<p> </p>
<p> </p>
<p>Thanks</p>
<p>Ron</p></div><br>_______________________________________________<br>
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