Whiskey Casks

Celtic Whiskey Cask Sales

 

At Celtic Whiskey, we have been buying casks of whiskey from different Irish distilleries dating back over a decade. Our initial adventures were buying casks from Cooley distillery and finishing them in wine casks supplied by a number of the wineries we import from. This is how our own brand of whiskey, Celtic Cask, was born in 2012. Since then we have released 29 Celtic Casks, 1 Dingle Celt and a Celtic Whiskey Shop anniversary bottling. In recent years, we have purchased casks from nearly all of the new distilleries in Ireland and these are slowly maturing for future single cask or small-batch releases.

In recent times, a number of distilleries and investment companies have been offering customers the opportunity to buy their own casks. At Celtic Whiskey, this is something that we have always wanted to do but decided to wait until we had an offering that matches our commitment to quality, customer service and value.

One of our most recent releases is Celtic Cask Fiche A Cuig, which is a heavily peated single malt from Great Northern Distillery in Dundalk. It was matured in a small (55 litre) sherry cask which was designed to speed up maturation. After three years, we were astounded by the quality and thought it merited being a Celtic Cask. Before tasting, we had no intention of bottling this expression until it was 10+ years old, but it was received exceptionally well by consumers and critics alike.

What this release highlighted was the quality of whiskey being produced by Great Northern Distillery. Our Managing Director, Alastair Alpine arranged a visit with the Head Distiller at Great Northern and tasted through samples of their new make and young maturing spirits. Again, the great quality was there, across the whole range. In particular, their Single Pot Still whiskey which will be a very exciting addition whenever they decide to release, especially the sherry matured stock.

Therefore, while Celtic Whiskey will also offer buyers the opportunity to purchase an array of casks from different distilleries whenever possible, we have established a significant relationship with Great Northern to offer their New Make spirit (It can’t be called Irish Whiskey until it’s 3 years old) beginning its life in a first fill bourbon cask and also 2017 3-year-old whiskeys, also in first-fill bourbon casks at the following prices:

 

Cask prices – New Make

 

Single Grain 200 litre first fill bourbon cask 68.5% vol €985.00

Double Distilled Single Malt 200 litre first fill bourbon cask 63% vol €1195.00

Triple Distilled Single Malt 200 litre first fill bourbon cask 63% vol €1195.00

Triple Distilled Heavily Peated 200 litre first fill bourbon cask 63% vol €1795.00

Single Pot Still 200 litre first fill bourbon cask 63% vol €1795.00

 

Cask prices – 2017 Distilled 3-Year-Old – Since the spirit is now three years old, it can be called whiskey. However, the cask will have lost some angels share in those three years. I would estimate there will have been around 7% loss from the 200 litre casks.

 

Single Grain Whiskey 200 litre first fill bourbon cask 68.5% vol €1895.00

Double Distilled Single Malt Whiskey 200 litre first fill bourbon cask 63% vol €2550.00

Triple Distilled Single Malt Whiskey 200 litre first fill bourbon cask 63% vol €2550.00

Triple Distilled Heavily Peated Whiskey 200 litre first fill bourbon cask 63% vol €3995.00

Single Pot Still Whiskey 200 litre first fill bourbon cask 63% vol €3995.00

 

Valuation warning!

The price of the 3-year-old whiskey casks reflects the current market prices. If you do buy a new make cask in 2020 there is certainly no guarantee that the market will be the same in 2023 as there will be a lot more 3-year-old whiskey in the market. We are keen to stress that we have added the 3-year-old casks as we were getting a lot of demand for casks with some age. We don’t want to in any way mislead purchasers into thinking it’s an easy way to double your money in three years. However, the advantage of buying the 3-year-old casks is really if you want to speed up the process. We have costed identical examples below so you can see the differences in final prices.

If you buy a cask, it will be transferred to Staffords Bonded in County Wexford to mature. The annual storage fee would be €95 which would include a yearly 20cl sample so you can track the progress of your purchase. (A surcharge would be added for posting the sample outside of Ireland but this would be at cost price).

Every year, or as wine casks become available, we will do an offer where you can buy an alternative wine or spirit cask to transfer your whiskey into. The cost of transferring the spirit/whiskey to a different cask is currently €30 (This price is likely to go up with inflation) plus the cost of the new cask.

You can insure your cask for €25 per year which would cover fire and theft.

 

 

Why would you buy a cask?

The price of a new fill cask is relatively affordable and allows you to follow the journey of your individual cask. You also have the opportunity to mature your spirit/whiskey in your preferred cask type and get the finished product you desire. The cask can be purchased as a present for a newborn to mature until they are 18, 21, 25, 30, etc. It could be purchased between a group of friends, colleagues or to a society. A wedding or birthday gift? Maybe you are a whiskey aficionado and would like to create your own unique cask finish. Or maybe the current lack of interest for bank savings means you are looking at alternatives.

 

Angel’s Share

When your cask is filled it will have 200 litres of spirit at 68.5% for grain and 63% for single malt or single pot still. If bottled immediately you’d get around 285 bottles at cask strength. This would equate to around 390 bottles at 46% vol. It is estimated that your cask will lose around 3-4% to the angels in the first year and around 2% per year after. After 10 years, you might lose around 20%, therefore, you’d get around 228 bottles at cask strength or around 312 at 46% vol. After 20 years, you might lose 40%, therefore, you’d get around 171 bottles at cask strength or around 234 bottles at 46% vol.

 

Bottling your cask

If you decide to bottle your cask there would be a €50 charge for disgorging or emptying the cask and €10 per case of 12 for bottling. You could buy your own bottles, corks, capsules & personalised

labels or we could provide for around €3.50 per bottle. Therefore, bottling 312 bottles would cost €50 disgorgement, €260 bottling plus €1092.00 if we supply all the dry goods.

Staffords Bonded is a working facility and doesn’t offer visits.

 

Final costs

The costs that will make up the investment are; initial cask outlay, storage & insurance, bottling & dry goods, duty & vat.

 

3 Examples from purchasing a new make cask

 

Total cost for a 10-year-old single grain aged full term in initial cask

Initial cask investment is €985.00

Storage, yearly sample & insurance for 10 years is €1200

Disgorgement, bottling, dry goods is €1745

Total cost €3930.00

Approx 390 bottles at 40%, would work out at €10.07 ex-vat, ex-duty per bottle.

At today’s duty rate of €42.57 LPA you would pay duty of €11.92 per bottle. A further €5.06 vat at today’s rate of 23% would also need to be paid.

Final price would be €27.05 per bottle inc-vat

 

Total cost for a 15-year-old triple distilled single malt finished in a dessert wine cask

Initial cask investment is €1195

Storage, yearly sample & insurance for 15 years is €1800

Dessert Wine cask & transfer is €300 (estimate)

Disgorgement, bottling, dry goods is €1232

Total cost €4527.00

Approx 272 bottles at 46%, would work out at €16.64 ex-vat, ex-duty per bottle.

At today’s duty rate of €42.57 LPA you would pay duty of €13.70 per bottle. A further €6.97 vat at today’s rate of 23% would also need to be paid.

Final price would be €37.31 per bottle

Total cost for a 20-year-old single pot still finished in a sherry cask

Initial cask investment is €1795

Storage, yearly sample & insurance for 20 years is €2400

Sherry cask & transfer is €600

Disgorgement, bottling, dry goods is €1069

Total cost €5864.00

Approx 188 bottles at 52%, would work out at €31.19 ex-vat, ex-duty per bottle.

At today’s duty rate of €42.57 LPA you would pay duty of €15.50 per bottle. A further €10.74 vat at today’s rate of 23% would also need to be paid.

Final price would be €57.43 per bottle

 

3 Examples from purchasing a three-year-old cask

The next three examples are if you purchase a 3-year-old whiskey rather than new make. You can compare final costs with examples above.

Total cost for a 10-year-old single grain aged full term in initial cask (7 years from purchase)

Initial cask investment is €1895.00

Storage, yearly sample & insurance for 7 years is €840

Disgorgement, bottling, dry goods is €1745

Total cost €4480.00

Approx 390 bottles at 40%, would work out at €11.49 ex-vat, ex-duty per bottle.

At today’s duty rate of €42.57 LPA you would pay duty of €11.92 per bottle. A further €5.38 vat at today’s rate of 23% would also need to be paid.

Final price would be €28.79 per bottle inc-vat

 

Total cost for a 15-year-old triple distilled single malt finished in a dessert wine cask (12 years from purchase)

Initial cask investment is €2550

Storage, yearly sample & insurance for 15 years is €1440

Dessert Wine cask & transfer is €300 (estimate)

Disgorgement, bottling, dry goods is €1232

Total cost €5522.00

Approx 272 bottles at 46%, would work out at €20.30 ex-vat, ex-duty per bottle.

At today’s duty rate of €42.57 LPA you would pay duty of €13.70 per bottle. A further €7.82 vat at today’s rate of 23% would also need to be paid.

Final price would be €41.82 per bottle

 

Total cost for a 20-year-old single pot still finished in a sherry cask (17 years from purchase)

Initial cask investment is €3995

Storage, yearly sample & insurance for 20 years is €2040

Sherry cask & transfer is €600

Disgorgement, bottling, dry goods is €1069

Total cost €7704.00

Approx 188 bottles at 52%, would work out at €40.97 ex-vat, ex-duty per bottle.

At today’s duty rate of €42.57 LPA you would pay duty of €15.50 per bottle. A further €12.98 vat at today’s rate of 23% would also need to be paid.

Final price would be €69.45 per bottle

 

If you didn’t want to pay the full duty/vat bill in one go, then we could store the bottled goods under bond and single casks could be removed at a time. Storage costs would be similar to your cask storage.

 

Selling your cask

If you decide after a period of time that you want us to sell your cask, we could put it out to offers. At present market rates, the value of whiskey is increasing year on year as the spirit matures. However, as with any purchase, there are no guarantees that this will always be the same. I would imagine that with anything there will be peaks and troughs depending on the state of the market and economy. I would guess that buying a cask and trying to sell within 3 years wouldn’t make much profit but I also think you wouldn’t lose anything either. Personally, if I was buying a cask and looking to sell it on I’d be looking to keep it 10+ years.

 

Ownership of the cask

Once you purchase a cask, we will send you a certificate to confirm ownership and cask number. This cask of Whiskey will remain in Bond pending it’s bottling and/or release and is retained in the control of the Celtic Whiskey Shop Limited pending such bottling and/or release from Bond. The certified owner named above has acknowledged that in the event of such bottling and/or release from bond he/she will be solely responsible for the payment of the excise and other duties payable in respect thereof.

Annual invoices will be sent to the owner to cover yearly storage and insurance if applicable.

 

 

Terms and Conditions

These Terms and Conditions will form the basis for the Contract between Celtic Whiskey Shop Ltd and the Purchaser. Before submitting your order, please ensure that you have read these Terms and Conditions carefully. Please email ally@celticwhiskey.com if you need any clarification on any points.

Your order constitutes a contractual offer that we may, at our discretion, accept. A legally binding contract between Celtic Whiskey Shop Ltd and the Purchaser will be created upon our acceptance of your order. An email will be sent to confirm this.

On receipt of your online order, we will send a confirmation email subject to availability. We will send through your certificate of ownership (as Purchaser) once we have transferred your intended cask to Staffords Bonded warehouse and assigned you a cask number.

A 20cl sample of the new make will be sent to the Purchaser along with your certificate. A further sample will be sent yearly as part of the contract.

Once the ownership of the cask has been passed to the Purchaser, the Purchaser agrees to pay the annual storage fee of €95 (in 2020 charge plus any annual inflation increases). It is the responsibility of the cask owner to advise Celtic Whiskey Shop Ltd of any changes in address & contact details of the Purchaser.

The Purchaser may choose to have their cask disgorged and bottled any time after three years have passed from the fill date providing the Purchaser provides reasonable notice and the Celtic Whiskey Shop Limited are able to make the necessary arrangements without incurring unusual or exceptional costs in respect of the timing. There is a €50 charge for disgorging the cask and €10 per case (12 bottles, 70cl) for bottling. You can provide your own dry goods (bottles, corks, capsules & personalised labels) as long as they conform with industry regulations. Alternatively, we can supply for €3.50 per bottle (2020 charge plus any annual inflation increase).

Bottling strength will be agreed at the time of bottling but will be a minimum of 40% abv (80 proof). Bottling strength will determine both duty per bottle and the number of bottles produced.

The emptied cask will become the property of the Celtic Whiskey Shop Limited unless agreed otherwise with the Purchaser but an administration/delivery charge will be added at cost price. Empty casks will only be shipped within the Republic of Ireland.

If the Purchaser pays the annual insurance fee of €25 (plus any annual inflation increases) the cask will be insured against fire, theft or accidental damage.

Small losses (up to 1%) sometimes occur in the bottling process for which the Celtic Whiskey Shop Ltd will not be liable but any losses in excess of this will be compensated for by replacement with a whiskey of approximately equivalent value.

The angel’s share or evaporation means the cask will likely lose approx. 2% of liquid annually as well as a decrease in alcohol strength. The Purchaser agrees that the risk of either eventuality lies entirely with the Purchaser.

The Purchaser is solely responsible for Shipping costs, VAT, excise duty and any other taxes caused by the removal of their casks or bottled product from Staffords Bonded Warehouse. All prices or costs quoted in these terms and conditions are correct at time of release (March 2020) but will increase annually broadly in line with inflation and/or any increased costs and will where applicable also attract a charge for vat and/or any other applicable duties or taxes which will also be payable by the Purchaser.

Once bottled we can store the bottled goods under bond. Therefore, VAT & Excise will only be liable as goods are removed. There will be an annual storage fee for bottle stock remaining in bond similar to the cask storage.

In the event that the Purchaser fails to make payment of any sums due under these terms and conditions despite being issued with at least three months’ notice in writing to the address notified to the Celtic Whiskey Shop, the Purchaser agrees that the ownership of the cask will pass back to the Celtic Whiskey Shop Limited on the issue by the Celtic Whiskey Shop Limited of a notice to this effect. The Celtic Whiskey Shop Limited may at their absolute discretion provide the Purchaser with a quantity of bottled whiskey relative to any approx. balance of value which might be due to the Purchaser but such whiskey will be selected by the Celtic Whiskey Shop Limited at their full discretion and will not necessarily be whiskey from the bonded warehouse and may be branded stock of any kind.

These terms & conditions will form part of a contract which is governed by the laws of Ireland and the Courts of Ireland shall have exclusive jurisdiction in relation to any dispute arising out of this Contract.

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Whiskey Casks

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2017 Three Year Old Triple Distilled Single Pot Still Cask Great Northern Distillery New In

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2017 Three-Year-Old Double Distilled Single Malt Whiskey Great Northern Distillery New In

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This cask has been matured long enough to be now called Whiskey. However, it is still young and we w..

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2017 Three-Year-Old Single Grain Cask Great Northern Distillery New In

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