Past and Present

How to Get a Bargain When Buying Whisky Casks

Monday 27 February 2023|

Whisky casks can be a great long-term investment, but they don’t come cheap. If you’re looking to buy a whisky cask, and want to know how to get yourself a bargain, then we’ve written a must-read post below. 

Buying whisky casks doesn’t have to be incredibly expensive, in fact, you can obtain bargains and get casks for cheaper than expected. Read on below to learn more, and if you’d like to buy whisky casks - visit the Auction Your Cask website now. 

What You Need to Know

There is a way that you can get a great bargain on casks of whisky – by attending a cask auction such as the ones held by Auction Your Cask. Cask auctions are a great way to purchase casks at a potentially lower price point. The casks are sold in lots and the bidding starts at a ‘reserve’ price. 

This reserve price is set by the seller and is the minimum price that the cask will be sold for. Once a bidder has made an offer that is higher than the reserve price, the auction house will accept the offer from the highest bidder and the cask is sold. One of the main benefits of attending a cask auction is that you will get a bargain on casks that are normally more expensive elsewhere. 

As the seller sets the reserve price and the bidding is open to anyone who wishes to place a bid, you get plenty of opportunities as a buyer to purchase a cask at a much lower price than you would normally pay if you were to purchase it from a retailer.

Things to Remember

When attending a cask auction, it is important to do your research beforehand. Make sure that you know the type of casks that are being sold and their approximate value. This will help you to decide how much to bid for the cask. It is also important to inspect the cask before you bid on it. You should check for any damage or defects, as this will affect the quality and value of the cask.

Another thing to consider is the delivery costs. Delivery fees for the casks need to be taken into account, so make sure to factor this into your budget. If you are purchasing a large number of casks, you may also want to consider storage, which comes with its own set of costs too.

Finally, it is important to remember that a cask auction is a competitive environment and you need to be aware of the other bidders. Make sure to keep an eye on the competition and be prepared to adjust your bids in order to win the cask.

Overall, attending a cask auction can be a great way to purchase casks for less. But it is important to do your research beforehand and understand the process. With the right knowledge and preparation, you can get a great bargain on casks at an auction.

Buy a Whisky Cask

If you are considering buying a whisky cask, then Auction Your Cask is the place to come. We make buying whisky casks easy and straightforward, allowing you to bid on our auctions and access a global marketplace. 

Should you be interested and would like to find out more, then please do not hesitate to contact us on +44 (0)203 746 3030 or email us at info@auctionyourcask.com and we’ll get back to you as quickly as possible.