Monthly newsletter for August 2021

Dear All,

It’s been a good start to the second half of the year with our portfolio seeing a very healthy increase this month, predominantly driven by our Hanyu Card Series bottles appearing in the latest auction held by whiskyauctioneer.com. We saw six of our bottles spike in value, +60.9% on the 1988 Eight of Clubs, +56.4% 2000 Four of Spades, +50% 2000 Eight of Spades, +43.8% 2000 Four of Diamonds, +36.6% 1990 Ten of Diamonds and +28.9% on the 1990 Ten of Clubs.

We must mention that the secondary market overall has been slow over the last couple of weeks, with very few bottles coming up for auction recently. This bodes well for our portfolio in the medium term as a lower supply of bottles on auction usually drives prices up as collectors look to get their hands on certain brands. This is exactly what we have just seen with the Hanyu’s this month.

There has been a lot of news coming through from the industry over the last few weeks. One article that we are making all of our investors aware of is this important piece in Whisky Magazine that covers the dangers of investing in the cask industry and the potential repeat of history that we could be seeing right now. It includes well researched explanations from the 1990’s and 2000’s, and takes note of key statistics that are quoted in the press that investors must be wary of (recall the Knight Frank Rare Whisky index stats that we had to break down earlier this year?) Forbes followed up with an equally well written article on the key things to watch out for when deciding to buy a cask. As always, we are here if any of our investors would like to reach out and connect on any investment decisions they would like to make, we would be happy to help and provide our perspectives. In other news, one of the world’s largest auction houses, Whisky Hammer, is making a move into Asia through an investment by a whisky investment group out of Hong Kong, which is great news for this region and the whisky category.

We’re wishing everyone a great second half of 2021.

Marek, Marc, Neil, Gary