Alot of money is made in aging certain types of whiskey, wine etc. How is it done? It seems easy as hell, all you need to do is buy a ton of it today, store it in your cellar and pass it down to your kids for millions. How do I find out what the best drinks are to store? This shit seems so easy, you don't have to get lucky like with pokemon cards or stonks, etc. You just put your money in and wait a long time and that's it. And in the mean time you get to brag about your cool wine collection.
Then there is watches. Certain types of watches like the rolex presidential you can just buy and it goes up in value over time. You get to splurge on a fucking boss watch and you make money from it.
Is anyone doing this type of thing? if so where do you research it and what do you buy?
>Alot of money What of money? That first thing isn’t a word.
Kayden Campbell
I flip whiskey and bourbon. You pretty much need to find out when your local store gets their delivery day (if you live in a control state otherwise you're fucked) and wait in line for a few hours before open. Then you buy the rare allocated bottles they get in. Usually a limit of one per person but you can flip $30 bottles for $300.
You're not going to make any money buying shit from Walmart and sitting out in a cellar for five years. You need to get your hands on the limited edition highly allocated stuff at which point you can sell it immediately.
Adam Edwards
You need proper storage, otherwise it loses value. It's the same with all collector goods, like cars.
In the USA I'd say stick with whiskey and bourbon. The wine bubble was 20 years ago, kid, and you missed it.
Aaron Fisher
Any specific products to look for at the local stores? Like would OP’s pic be something to get as soon as it’s released? Any tips on how to tell what will be coming out to buy?
Isaiah Richardson
I just got a DUI. How do i profit from this?
Cooper Lee
I am too tired to reply properly. But, if you think the conditions in your cellar are the same as a warehouse for whisky you are mistaken. Second, you will not get a lot of money for whisky that you have aged, you are nobody and you cannot vouch for your product. How the fuck are you gonna bottle it too? Do you think you can buy new make spirit from Macallan and store it in your cellar for 50 years and then bottle it and sell as 50years old Macallan? It won't taste the same as all. Good luck, you are gonna blow your money LOL, or look into becoming a whisky producer
Jackson Hughes
>Local stores Hard to say without knowing where you are. And obviously the best way to find out is just to look up what brands are currently premium and historically appreciate in value then go to your local liqour guy and ask for either those brands or brands that are similar to them in flavor profile and longevity.
Like, everyone knows about Papi van Winkle, Glenmorangie, etc. Once you build up a rapport OR you develop a good sense of flavor and potential, you'll learn to spot the gems hidden in the dross that haven't yet hit it big.
That said, I only rarely drink wine so I don't know anything about whiskey, tequila, vodka, etc. and what the market wants. I only care about this stuff insomuch as I can flip it.
Nah, he doesn't want to make a new whiskey, just flip it like who is entirely correct. Build a rapport. Get known in the local biz by going to events and learning and becoming friends with store owners.
But it's not that hard to make a new whiskey/wine/etc these days. At least, I mean, not hard business-wise. It'll be hard physical labor-wise and expensive, but it's not hard to launch a new product and be happy with modest success.
Caleb Torres
I've scored 29 dollars glenmorangie 10 here where I live, how the fuck do I flip it? Living in Romania
Aiden Collins
This, plus the age of luxury and decadence might be over.
Connor Edwards
I'm stacking tulips in my garden waiting for tulip bubble 2.0
Justin Gutierrez
What's an alcohol watch?
I need one of those.
It could be like a normal watch used to keep track of pub closing time and it could have a straw attached to it to help you drink.
Also you could amuse yourself, (and others) by loudly exclaiming "it's beer o clock" after consulting it.
Jack Howard
Why arent you scamming people using fake bottles & labels and shit. Think i saw a documentary about it once, take shortcuts my dude
Samuel Robinson
So I have to be able to store it propperly, is it cost effective to get a custom cellar room with temp controls etc? Or is there a way to buy it and have someone else store it?
And whats this about becoming a whisky producer? you mean making it myself? how much are we talking here to get set up. would it be possible to set one up in the UK for less than 100k?
Xavier Perez
there will always be someone, look at all the rich people trying to buy pokemon cards lol. People pay 100k for a desert with edible gold in it, unless the whole world becomes 3rd world. but even then your fine drink will be one of the rarest things in the 3rd world and will buy you the finest bag of ultra rare rice
Daniel Green
It's just storage logistics for alcohol. Temperature and humidity control are important for long term collecting. Just to clarify for you, you don't age whiskey. Any aging that whiskey will do is going to happen in the barrel before you ever buy it. This is generally true for all spirits, though a few exceptions like chartreuse exist. You could theoretically make or purchase your own barrels and fill them with unaged spirits, but your final product will probably be inferior to what you can buy off the shelves and you will have wasted years on a pointless project.
Chase Reed
I saw the wine documentary about that, basically mass producing it and then labelling it as the special wine whatever it is
Julian Allen
You don't. Enjoy your $10k-$20k total losses, retard.
Ayden Perez
Whiskey stops aging once it's in the bottle. That's the definition of aging a spirit. Cellar conditions are not complicated either. Temperature, light, and humidity(moreso for wine). An argument could be made for shock but that's getting a little extreme. Just don't go holding your mom's vibrator against the bottles and it's probably fine. There's a real scotch shortage too and it's bleeding over even into bourbon. Just not enough supply to meet demand so your 20 and 15 year olds take a price hike and or production cuts. The warehouses are expensive and take a lot of room that could go towards the younger stuff. Expect to see blends become even more common and 10 year olds to become the next 20 year olds. Already you have people advertising six year olds like it's something special. Realistically it's not a whole lot over the minimum age. I wouldn't go seeking weird shit just for this though. Buy what you drink, that way worst case scenario you always have your favorites on hand. Unless of course you can get your hands on the real short stuff like pappy. For wine it gets tricky. Good vintages from good regions. Some years are better than others and the best region for any one grape can change year to year as it goes beyond just the terroir. Rainfall and temperatures are huge while it's still on the vine. Basically you have to follow the winefags for this. Higher rating and smaller runs from well known vineyards is a good start.
Grayson Bell
You don't flip glenmorangie 10. It's widely distributed and easily available in many markets. Nobody shopping in secondary markets will look for it, and if you posted it in offer to a whisky collectors' facebook group or something you would be laughed at and possibly banned for trolling.
Ryan Peterson
Would be easier to just open a liquor store.
Elijah Rodriguez
It was pretty complicated in that you need to get the labels and stuff lined up perfectly, some chemicals to make it look dated or whatever, it was pretty high level stuff, honestly if i knew more about the field id at least be tempted to pull it off, invest few grands in actual aged stuff and flip them for barely profit, but occasionally shove in a really good fake that is pure profit
Bentley Foster
Anything by buffalo trace is an easy rule of thumb to start out. Join local Facebook bourbon groups and they will let you know when something hot is getting stocked near you, and then it's just being the first on delivery day. If you don't live in a control state it's impossible though because all the high valued stuff go to their regulars and big spenders or are used in promotions. There are also local subreddits depending on where you live.
Dylan Edwards
Depending on where you live, it ranges from pretty hard to incredibly hard to open a liquor store. Alcohol is probably the most heavily regulated non-fissile material in the world. And the margins are very small because of high competition and regulatory costs. Buying retail and reselling on the secondary market is much easier.
Samuel Ward
>OP bottle costs ~$100k
imagine breaking it, just imagine
I think I'll stick to shitcoins
James Bell
You have to go back.
Joshua Lee
I'm in the UK, we have speciality wine stores etc, but most people just go to the supermarkets
Ian Gonzalez
I live in the UK, any tips for me how to find out about this? is there special UK based drinks I can buy?
Oliver Thompson
Americans pay less for scotch and Irish whiskey than Scottish and Irish people do. Which is insane because we are getting raped by taxes hard here. I can't imagine how bad y'all must have things if it's not even imported but still costs more to buy.
