Past and Present

How to Get the Most Out of a Whisky Auction

Monday 27 February 2023|

Looking to buy a cask of whisky, and want to take part in an online auction? Whisky auctions are a great opportunity to get involved in whisky cask ownership. In this post, we take a look at how you can maximise your online live whisky auction experience, and get the best outcome as a buyer.

Read on further to learn more, and if you’re interested in upcoming whisky auctions, then head over to the Auction Your Cask website today. We are a respected, genuine auction platform running live whisky auctions for enthusiasts all over the world.

Do Research Beforehand

One of the most important things to do to ensure that you get the most out of your whisky auction experience is to do your research beforehand. Firstly, you should research the auction in advance, to give you a better idea of the available cask selection and the expected values. 

Secondly, do your research on what bottles have sold for historically, so you’re not going in blind and setting a large bid on something when it isn’t necessary. Lastly, you should also research about the fees, commission, storage and insurance, and other aspects of cask ownership.

Set a Budget

Secondly, it’s a good idea to set a budget in advance and ensure that you stick to it. Whisky casks range in price, from £1,500 all the way up to £100,000+. As a buyer, you should have a firm idea in mind of how much you can spend. 

You don’t want to not set a budget, and place bids on casks that are out of your price range. Once you have submitted a bid, this is a contractual agreement with the auction house, and it cannot be withdrawn.

Embrace the Auction

Make sure that you place your bids competitively and carefully, as opposed to making quick, rash decisions. But, also make sure that you enjoy the auction. This can also be an experience that is enjoyable. 

Online whisky auctions are not just an opportunity to invest and become a whisky cask owner. They’re also a chance to learn more about the whole industry, expand your knowledge and have fun along the way.

Live Whisky Auctions in the UK

Here at Auction Your Cask, we offer current live whisky auctions, uniting people from all over the whisky industry. We enable private owners and investors to buy and sell casks with individuals all across the world. We validate all sellers and confirm proof of ownership and history of the cask, ensuring safety for all buyers. 

Our online whisky auctions are fully transparent and our low buyers’ fee of 15% + VAT gives all buyers, trade or private, the opportunity to buy rare casks. If you’d like to find out more, please feel free to head over to our website today. You can also call us on +44 (0)203 746 3030 or email us at info@auctionyourcask.com and we’ll be in touch with you shortly.