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582 : Great Northern Distillery 2020 Double Distilled Single Malt Cask 172555

This auction is closed, biddings on the lot are no longer possible

This double distilled single malt was distilled in Great Northern Distillery, Dundalk, County Louth and has been matured in a 200 litre first fill bourbon cask. The cask is cask number 172555 (Bond code CW000193) and was filled on the 16th January 2020.

The cask was measured by Stafford Bonded on 1st Nov 2023 and the current strength is 60.13%. The bulk litres are 175.75 litres. Density is 0.9104.

 

The cask is currently stored under bond at Stafford Bonded in Wexford under the Celtic Whiskey Cask program. The purchaser would have the following options, Keep the cask at Stafford Bonded under the Celtic Whiskey bond account for further maturation. In this instance, the buyer would need to agree to the Terms & Conditions set out below. The yearly storage/insurance cost is currently an annual €120 which includes a 20cl annual sample to track maturation. Remove the cask from bond paying the excise/vat in full. Excise is €42.57 LPA and vat is 23%. Transfer the cask from Staffords Bonded to an alternative Bonded warehouse. The buyer would be liable for the delivery charge and any associated costs.

 

Things to consider when purchasing a cask.

 

Angels share – When this cask was distilled in 2020 it was reduced to 63% for casking. After this point, It is estimated that your cask will lose around 3-4% to the angels in the first year and around 2% per year after. The cask holds approx. 200 litres so at time of filling would have approx. 285 bottles at cask strength or 450 bottles at 40% abv. After 10 years, you'd expect to lose around 20%+ to the angels share, so this would reduce down to approx. 228 bottles at cask strength. Bottling – There are a number of bottling companies in Ireland and we can pass on these details to you. Once bottled, you can either choose to either keep the bottled stock under bond paying yearly storage or remove from bond and paying the duty/vat. At todays duty rate of €42.57 per LPA you would pay €11.92 per bottle at 40% abv and €16.39 per bottle if at 55% abv. The 23% (todays rate) vat is added on cost of whiskey plus duty cost combined.

 

Why buy a cask – Buyers of casks are usually from 2 groups of people. Either buying for fun as an individual or as part of a group looking to follow the journey of the cask and then to decide on how long to mature or to change the maturation cask down the line. Or buying as an investment. The value of whiskey casks is related ultimately to supply & demand. Some companies are currently advertising that huge profits can be made but at Celtic Whiskey we'd like to reduce down these expectations. We would like to point out that the value can go up or down so like all investments you should take expert advice if you are buying for that reason. Just because a bottle sells on a retail shelf for say €100, that doesn't give it that value necessarily to a cask owner. The €100 includes 23% vat, a retailers margin, possibly a wholesalers margin, cost of bottling & dry goods, distribution cost, etc. Also, customers have to want to buy your particular product which is the reason similar aged whiskeys can have widely differing sales prices. If looking to sell on bottles of whiskey, please be aware you would need a wholesalers licence if not in the trade.

 

https://www.celticwhiskeyshop.com/whiskey-casks/ Please find the Terms & Conditions that must be agreed if you'd like Celtic Whiskey to keep maturing your cask at Staffords Bonded

%ABV
60.13
Distillery
GND
Bottle size/volume
175.75
Details
Start: 06 Nov 2023 17:00
End: 13 Nov 2023 21:00
Auction description

Start date 6th of November

Close 13th of November

LOT DATA
Start time 06 Nov 2023 17:00
Closing time 13 Nov 2023 22:01
Starting price € 5.00
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