As a listener of Bourbon Pursuit, you already know more than the average bourbon consumer that walks the aisles. We get into tons of different discussions that surround the whiskey industry and you've heard us talk about barrels that aren't owned by distilleries but sit on the books of brokers or middle-men. With the explosion of bourbon over the past few years, the cost to acquire those barrels from brokers has sky rocketed, and whenever there is an opportunity to make money, more people get into the game. Today, there are millions of barrels aging in warehouses that don't belong to brands but are done as investments for anybody willing to take the risk. It's really no different than the stock market and for that reason we have Jeremy Kasler and Sara Havens from Cask X join the show. We talk about the business model and how anyone with the some spare money can put their dollars into barrels of whiskey as an alternative investment. We go through the legal ramifications and the unrealized benefits of being a CaskX customer. We also talk about the current market where we are seeing a decline in prices and if that means all good things come to an end or if the market is still strong and is a good place to think about future investments.
Show Notes:
- 00:00-Introduction to Bourbon Pursuit and Barrel Investment
- 07:12-The Role of Whiskey Enthusiasts in Brand Success
- 12:53-The Evolution of Barrel Brokering and Investment
- 21:24-Understanding the Risks and Returns of Barrel Investments
- 30:32-Market Trends and the Future of Bourbon
- 40:15-Investor Profiles and Distillery Partnerships
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