Why should I care?
If the percentage of evaporation is so small, is it really worth re-measuring the volume of whisky inside a cask?
In short, yes. A regauge is important for whisky cask investment for several reasons.
1. Valuation
It goes without saying that the volume of whisky in a cask directly impacts its value. But crucially, if the volume falls below 40%, the product can no longer be called Scotch and its value diminishes significantly. By regauging the cask, investors can accurately determine how much of the spirit is left and adjust the valuation accordingly.
2. Investment transparency
Regular regauging provides transparency about cask maturation and ensures investors get what they invested in. But it also helps build trust between an investor and whisky broker or cask investment company such as Whisky 1901.
3. Insurance and documentation
Accurate volume measurements are essential for insurance purposes. In the event of damage, loss, or any disputes, having up to date and accurate regauging records are crucial for any insurance claims and legal proceedings.
4. Decision making
Regauging results can influence whisky cask investment decisions. If a cask is nearing peak maturation and the volume has significantly reduced due to evaporation, an investor might decide to bottle and sell the whisky to realise profits. Or to continue maturation if the market conditions are favourable.
5. Quality control
Apart from volume measurement, regauging can also provide insights into the quality of the whisky. Colour, taste, and aroma changes can be observed and documented, which can be valuable for marketing and sales strategies.
