Home Small Business Why should you collect spirits through fine wine?

Why should you collect spirits through fine wine?

When it comes to wine collection, good wine has long been an asset that many people choose. Not only can wine accumulate enormous value over time as it ages, it is also less affected by market conditions than financial-based assets like stocks and stocks. However, this also applies to other wines and the value of spirits in particular is becoming increasingly competitive with the most coveted wines.

Hence, more than ever, more people are turning to spirits instead of premium wines when building their portfolios.

Photo credit: Isabella Mendes / Pexels

The value of brandy goes from strength to strength

While the fine wine industry has been struggling in recent years, especially in 2020Continuous, good spirits have rude health. For example, the whiskey industry has experienced phenomenal growth over the past decade. Based on Wealth report from Knight Frank, the value of whiskey increased significantly by 564% during this period, significantly higher than the growth of wine (120%), as well as the automobile (194%) and the arts (141 %).

American whiskey has performed exceptionally well, with the industry increase 10.8% in 2019 is worth $ 4 billion. Hard to find Whiskey notes that American whiskey highlighted by spices, sweetness and color, derived from mill use (a combination of different grains, such as corn, rye, wheat and corn) and oak barrels brand new.

The same story goes for other souls as well. For example, Rum was described by MoneyWeek as “valued by collectors” and saw it high-end market value increased by 28% in the five years leading up to 2019. Similarly, the market for tequila 22% increase since 2014, achieved impressive sales in the US. The global gin volume also increased by 10.7% in value in 2019, becoming the second fastest growing spirits market in 2019, after non-alcoholic spirits.

Spirits are easier to store and cheaper

One of the main downsides to collecting wine is the difficulty and cost of storing it. The bottles need to be kept under very specific conditions in order for the delicate aging process to continue smoothly. Any mistake, from keeping it at the wrong angle, close to vibrations, at the wrong temperature, or under direct sunlight, can damage it.

As a result, many collectors have to buy a dedicated refrigerator or even pay a storage business to prevent it from spoiling. In contrast, the brandy does not age in the bottle, meaning collectors have much easier time. All they need to do is put their spirits somewhere dark and cool, and they’ll retain their flavor.

Whiskey barrel

The spirits sector is not affected by fraud

The unfortunate fact of the premium wine market is that it is beset with fake wine and fake wine issues an industry worth billions of dollars. While the spirits sector is certainly not immune from these problems, measures are in place to prevent fake bottles of wine from flooding the market. For example, all barrels of Scotch by law must be stored in government bonded warehouse, and is closely watched from the moment it was distilled.

Similarly, the Mexican government has imposed it strict laws on the production of tequila In some states, it is legal to dispense beverages, including the ABV percentage and the agave ingredient. Those who comply with these rules will receive an endorsement by the Tequila Wine Administration and have a NOM (Norma Onating Mexicana) on the label of each bottle to identify the distillery. In contrast, since wine is widely produced, it’s often much more difficult to track its origin in a way that you would with a variety of other alcoholic beverages.

In short, more protective measures exist to ensure authenticity when collecting souls.



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments