Buying a whisky cask as an investment sounds appealing, but of course you want to be sure the cask actually holds what the seller claims. The
Glenturret has had enough of parties trading on the distillery’s name to sell casks that turn out not to be connected to the brand at all.
The distillery from Crieff has therefore enlisted The Online Eye. This specialist company will proactively search for ads and investment pitches that misuse the name The Glenturret.
Whisky casks sold under The Glenturret name
The trigger is serious. The Online Eye says it has already seen multiple instances where casks were offered for sale or as investments described as containing whisky from
The Glenturret. In reality, the whisky in those casks did not come from the distillery.
That can have unpleasant consequences for buyers. Anyone who believes they’re purchasing a cask from a famed Scottish distillery may also pay the premium that goes with it. If the cask’s provenance then proves incorrect, the actual value could be far lower. Buyers end up seriously out of pocket, having paid top dollar.
And it’s not only buyers who face risks. The Glenturret also has something at stake. The distillery’s name is being used to drive sales in which the company itself has no involvement.
The Glenturret is actively hunting misuse
The Online Eye is tasked with changing that. Using its own technology, the firm will search online for cases where The Glenturret name is abused to sell casks and whisky investments.
The Glenturret states it will take action where necessary against parties who use the name to mislead consumers or investors.
According to John Laurie, the distillery’s managing director, authenticity, provenance, and transparency are essential in luxury single malt whisky. Through this partnership, the distillery wants to spot misuse sooner and respond more quickly with the right steps.
The Online Eye also brings solid experience to this kind of work. Its founders previously helped develop technology used by UK police to monitor social media and have more than 30 years of experience in defense and investigations.
Whisky cask investment has been under scrutiny for some time
The Glenturret’s move doesn’t come out of the blue. Trading whisky casks as investments has been drawing increased attention in the United Kingdom for some time. The market is largely unregulated, which makes it crucial for consumers to thoroughly vet who they’re dealing with and what they’re actually buying.
With this new approach, The Glenturret mainly wants to prevent its reputation from being used to make dubious offers look more credible.
The distillery’s name is certainly attractive to sellers. Founded in 1763, The Glenturret presents itself as
Scotland’s oldest working distillery. From Crieff, it still crafts whisky in a decidedly traditional way.
So if you come across a cask online that’s marketed as The Glenturret whisky, it pays to look beyond the name in the listing.
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FAQ
- Why is The Glenturret issuing a warning about casks?
Because sellers are using the distillery’s name in misleading cask sales. - What is The Glenturret doing about it?
The brand is having suspicious offers tracked down and will take action where needed. - How can you avoid problems with a whisky investment?
Always verify provenance, documentation, and the seller before you buy.