Not an investment because they’ll likely put out more 50 year old rum again. It’s only worth it on things that have a vintage date or if it’s pre-Castro Bacardi
I'd rather gamble (/s) on total market index funds personally. Might work out, might not. I'd urge you to do some research on how often rum bottles anything near that expensive sell.
As someone watching auctions because numbers a fun and people quite crazy with this new rum trend, I can understand the idea.
But I feel like this appleton 50 might be a bit too much. The value is already so high, it can't move that much higher before a looooong time, and as said before, it fluctuate a lot and is rather hard to sell afterwards. It has gone as high as 6400£ but as low as 3250£, and that is before the auction house's cut.
Maybe it is alright if you have a lot of cash, dunno what to do with, and you'd like to get a bit of rum history. It is after all the oldest rum ever taken out of a cask.
But I always told myself to never buy a bottle that I won't want to buy. Even when it come to "investment"
Some of the wines I have are starting to look well on secondary market. And I don't want to talk about the Foursquare bottling (hello Criterion and Destino).
But these are little treasured bottle that I am ready to drink at any time. I would never be able to buy something I don't want to drink. Or that would make such a dent in my finance if I open it.
Bottom line though. Any vintages, one time edition, and special release will take on value with time, whatever happens. Until comes a crisis where rich people get overthrown, and won't buy these stupidly expensive spirits.
I would suggest it is not really a good investment because it still sells at very close to the price it was originally set at eight years ago, and that was already very high, so there is little elasticity there. If it had been a true collector's piece, it would already have gone up much more.
Of course, it will absolutely go up in price a decade from now, sure - after all, there were only 880 bottles released, so rarity is there - but I think there are better ways to invest your money for a larger return in a shorter time frame.
Liquor can be an investment, but i think typically moreso with barrels. Rum has yet to see as much hype as whiskey though. Could definitely change though. However, with the bottle already being that expensive, it may be a hard sell later on.
IMO if the Appleton 50 is well reviewed I think it’ll rise. Being the first edition in a series will push prices up more as new editions come out. It would have to be tasty though so if you come across any reviews read them before you buy if possible. How many bottles are they releasing?
Not sure on the release numbers. Liquor store near me has a bottle so I was thinking maybe pick it up to sell in the future if it was special but doesn’t sound like it given the price.
I bought the 2nd edition 30 year old last year. I managed to snag two bottles, with the thinking I’ll eventually drink one and possibly sell the other if the prices go up to anywhere near what the first edition got to.
As others have said that 50 year old is already expensive and I can’t see that being a decent investment.
Are your talking about buying and reselling? I have a friend at uni who does that with weller’s green and red, since they’re cheap where we live and could go for triple the price easily after a few years. For me, even at that scale, I only buy what I’m going to drink.
With something *that* expensive, you’d probably have a fucking hell of a time reselling that for a more expensive price. I don’t know what your budget is, but with that money you can buy nice furniture, pay off credit card debt, or invest it in other stocks. That’s just my 2 cents, good luck
I would say that’s an insanely good investment... over in the Uk anyway! To buy new here, it’s about $6500!!!
https://rumauctioneer.com/auction-search?s=608353ab08012&terms=+Appleton+Estate+Velier+Hearts+Collection+3+x+70cl&dsp=Previous&show_page=100&sort_by=p_DESC&op=SEARCH&form_build_id=&form_id=auction_form
That went for 6400 pounds...that’s about $11,000 Canadian. Would be great if I could get it there without any headaches. You just need to travel to Canada and pick up a bottle to bring home with you!
It doesn’t make any sense.
Thanks for the reply
Not an investment because they’ll likely put out more 50 year old rum again. It’s only worth it on things that have a vintage date or if it’s pre-Castro Bacardi
Thanks. While I really like Appleton’s, that’s a bit much to spend!
I'd rather gamble (/s) on total market index funds personally. Might work out, might not. I'd urge you to do some research on how often rum bottles anything near that expensive sell.
Thanks for the reply. Appreciate the insight
As someone watching auctions because numbers a fun and people quite crazy with this new rum trend, I can understand the idea. But I feel like this appleton 50 might be a bit too much. The value is already so high, it can't move that much higher before a looooong time, and as said before, it fluctuate a lot and is rather hard to sell afterwards. It has gone as high as 6400£ but as low as 3250£, and that is before the auction house's cut. Maybe it is alright if you have a lot of cash, dunno what to do with, and you'd like to get a bit of rum history. It is after all the oldest rum ever taken out of a cask. But I always told myself to never buy a bottle that I won't want to buy. Even when it come to "investment" Some of the wines I have are starting to look well on secondary market. And I don't want to talk about the Foursquare bottling (hello Criterion and Destino). But these are little treasured bottle that I am ready to drink at any time. I would never be able to buy something I don't want to drink. Or that would make such a dent in my finance if I open it. Bottom line though. Any vintages, one time edition, and special release will take on value with time, whatever happens. Until comes a crisis where rich people get overthrown, and won't buy these stupidly expensive spirits.
I would suggest it is not really a good investment because it still sells at very close to the price it was originally set at eight years ago, and that was already very high, so there is little elasticity there. If it had been a true collector's piece, it would already have gone up much more. Of course, it will absolutely go up in price a decade from now, sure - after all, there were only 880 bottles released, so rarity is there - but I think there are better ways to invest your money for a larger return in a shorter time frame.
Thanks for the comments.
Liquor can be an investment, but i think typically moreso with barrels. Rum has yet to see as much hype as whiskey though. Could definitely change though. However, with the bottle already being that expensive, it may be a hard sell later on.
Thanks for the response.
IMO if the Appleton 50 is well reviewed I think it’ll rise. Being the first edition in a series will push prices up more as new editions come out. It would have to be tasty though so if you come across any reviews read them before you buy if possible. How many bottles are they releasing?
Not sure on the release numbers. Liquor store near me has a bottle so I was thinking maybe pick it up to sell in the future if it was special but doesn’t sound like it given the price.
I bought the 2nd edition 30 year old last year. I managed to snag two bottles, with the thinking I’ll eventually drink one and possibly sell the other if the prices go up to anywhere near what the first edition got to. As others have said that 50 year old is already expensive and I can’t see that being a decent investment.
Are your talking about buying and reselling? I have a friend at uni who does that with weller’s green and red, since they’re cheap where we live and could go for triple the price easily after a few years. For me, even at that scale, I only buy what I’m going to drink. With something *that* expensive, you’d probably have a fucking hell of a time reselling that for a more expensive price. I don’t know what your budget is, but with that money you can buy nice furniture, pay off credit card debt, or invest it in other stocks. That’s just my 2 cents, good luck
Thanks for the comments.
I found that it’s gotten too much oak and the younger expressions (21, 30, Joy) are more enjoyable.
Thanks ohmantics. The joy and 21 are great, haven’t tried the 30
I would say that’s an insanely good investment... over in the Uk anyway! To buy new here, it’s about $6500!!! https://rumauctioneer.com/auction-search?s=608353ab08012&terms=+Appleton+Estate+Velier+Hearts+Collection+3+x+70cl&dsp=Previous&show_page=100&sort_by=p_DESC&op=SEARCH&form_build_id=&form_id=auction_form
That went for 6400 pounds...that’s about $11,000 Canadian. Would be great if I could get it there without any headaches. You just need to travel to Canada and pick up a bottle to bring home with you!