Thinking about buying a cask?
It’s every rum connoisseur’s dream, to own their very own cask of rum. The sheer satisfaction of owning a cask from one of your dearest distilleries, savouring the pleasure of watching your rum mature, and knowing that you’ve got something here that’s really special – after all, every cask is truly unique.
The buying of casks has become an increasingly popular approach to investment and recently we have seen more and more examples entered for sale. The process might appear daunting to someone new to rum casks, however, with the right information it is actually a very accessible and exciting opportunity!
Own a cask that you'd like to sell?
If you have a rum cask that you are interested in selling, we’d love to help. When you sell your rum cask with Rum Auctioneer you have access to an expert team of industry specialists with a proven track record of delivering results. We curate our auctions carefully to ensure that we showcase your rum cask in the best way to our international network of buyers.
Get in touch today if you want to discuss selling your rum cask further. Please note that we will require a Certificate of Ownership and a recent Re-Gauging of Cask.
Things to look for with rum casks
CHECK THE LOT DESCRIPTION: Age, cask type and fill details should be present, along with the amount of liquid and alcohol by volume (ABV) found in the most recent re-gauging of the cask. Any fees applicable for transfer of ownership and ongoing storage will also be included.
STORING YOUR CASK: Storage fees will be applicable and payable by a buyer. The distillery or storage facility can be contacted to request a regauge of the cask, that will confirm the bulk litres of spirit in the barrel and the ABV. Casks can lose a percentage of liquid per year through evaporation (known in the whisky industry as the Angel’s Share) so it is worth requesting this regularly, but a charge is likely to be applicable for this service. It is always important to keep an eye on that evaporation because the higher the ABV, the more valuable the cask.
BOTTLING THE RUM: VAT and alcohol duties become payable at the bottling stage and this is calculated per litre of pure alcohol present. Small-scale bottling services can be provided by a variety of companies so get in touch if you need some suggestions. Exporting is only possible once the liquid has been bottled.
Please note that the above information relates to casks in storage within the United Kingdom.