Whisky & Wealth Club has again defied the trend despite the turbulence in the financial markets by achieving remarkable profits that illustrate the desire for this alternative asset investment.
The multiple-award-winning Whisky & Wealth Club reported record results for Q2 and Q3 of 2022, building on its fantastic development since Jay Bradley and Scott Sciberras launched the company in 2018. Despite massive inflation and a decline in investor trust in traditional financial markets, Whisky & Wealth Club’s Q2 and Q3 revenue was well about £15,000,000, a 148% rise from $5,965,278 in Q2 and Q3 2021.
While other markets have experienced significant declines, Whisky & Wealth Club has grown in adverse times. As an alternative asset class, casked whisky has proven popular with investors wishing to invest in a physical product whose worth is determined by its age, quality, scarcity, and brand reputation rather than the erratic market performance and the whims of politicians and traders. In addition to its deep understanding of whisky, Whisky & Wealth Club exclusively deals in barrels of award-winning and well-established brands, such as Bladnoch, Bunnahabhain, and Boann, with a solid track record.
At the recent BITA Gala, a bourbon barrel of single malt from the multiple-award-winning The Craft Irish Whisky Co. was auctioned off for a staggering £20,000. Bidders were well aware of the future worth of a single malt from the distillery whose whisky was named the world’s best Irish single malt at the World Whiskies Awards 2022, and bidding for this cask was strong.
Award victories increase the value of casked whisky, another reason Whisky & Wealth Club works solely with award-winning Irish whisky and Scotch whisky businesses. This auction price also reflects the importance of innovatively created premium whisky, with historical statistics indicating that casks generally earn annualized returns between 8 and 18 percent.
Whisky & Wealth Club Founder Jay Bradley stated, “In the present economic situation, we’re witnessing a rise in the number of customers interested in purchasing cask whisky to hedge their risk and diversify their portfolio.” At Whisky & Wealth Club, demand for the finest whiskys is soaring, and we expect this trend to continue even after the financial markets stabilize.
Scott Sciberras, Whisky & Wealth Club’s CEO and founder, concurred: “Despite the obstacles of the past three years, Whisky & Wealth Club has exceeded all expectations and proven that our innovative concept is more attractive to investors. While global financial markets are upheaval, the increasing value of aged whisky is viewed as a more stable investment and inspires confidence in our clientele.”
Whisky & Wealth Club provides the option to acquire cask whisky at wholesale pricing, including insurance and storage. After a certain number of years, the owner can choose from various exit options, such as bottling for personal consumption, extending the storage time to allow the whisky to develop further, selling to another investor or collector, or selling to an established brand or new distillery.
This is a rapidly increasing sector, with Irish whisky sales expected to reach 14 million cases in 2021 and $11 billion globally by 2030. Similarly, Scotch whisky is the most traded spirit in the world, accounting for 75% of Scotland’s total food and drink export earnings, with yearly exports exceeding £4 billion. Whisky & Wealth Club is creating a Sydney, Australia office to satisfy the increased demand from emerging countries such as Asia, allowing it to provide cask whisky ownership to a worldwide audience. As a younger population of consumers embraces whisky, astute investors have recognized the long-term potential of an asset that improves in flavor and value as it ages in the barrel.