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274 : 2016 Peated Single Malt Marsala Cask UNDER BOND from GND Peated Single Malt Marsala Cask

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

2016 Triple Distilled Peated Single Malt Cask 0170380 – Marsala Cask Distilled: At Great Northern Distillery on 24th May 2016. Initially, matured in first fill bourbon barrels for 3.5 years, the whiskey was part of a batch that was then moved on the 19th November 2019 to 5 Marsala barrels. This cask was made at Tonnellerie Remond in France before being used by Martinez winery for maturing Marsala Superiore Secco for approx. 20 years. The barrel is approx. 225 litres in size. Pics of the cask are attached. The malted barley used was 50PPM before triple distillation reduces that to around 20ppm in the final spirit. Current ABV 58.69% A sample of the cask was drawn in October 2021 with tasting note from Alastair Higgins of Celtic Whiskey. Nose; Creamy oak & fruity with turf smoke. Light citrus and tropical fruit with some cream and vanilla. Palate; Sweet, fruity and soft with medium smoke. vanilla, melon, citrus, and peach. Finish; Soft, fruity and smoky. Conclusion; As per other 2016 GND peated malts, it is approachable young and would be suitable to bottle now. However, further ageing recommended to allow some further Marsala cask influence and overall development. For interested cask buyers we are selling 3cl samples of the cask which are €10. All money will go to the Kerry Parents & Friends Assoc charity where one of the staff's sisters receives support. These will be available from our shop or warehouse. Please email jack@celticwhiskeyauction.com for more info. 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 €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 2016 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. 225 litres so at time of filling would have approx. 321 bottles at cask strength or 505 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. 250 bottles at cask strength or 400 bottles at 40%. 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. Celtic Whiskey Shop sells new make spirit from Great Northern Distillery. Please follow the link to get aged examples so you can see the full costs involved. 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
58,69
Distillery
GND
Brand
Marsala cask
Bottle size/volume
225L
Country
Ireland
Region
Ulster
Style
Single Malt
Cask Number
170380
Producer
GND
Details
Start: 25 Oct 2021 17:00
End: 08 Nov 2021 21:00
Auction description

October Auction 

Closes on Monday the 8th of November 

LOT DATA
Start time 25 Oct 2021 17:00
Closing time 08 Nov 2021 21:26
Starting price € 5.00
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