A $16,000 whisky
When the stock market has you flummoxed, there's always whisky. No, not to drown your sorrows. How about whisky as an investment?
The maker of Glenfiddich has unveiled a 50-year aged whisky that will sell for $16,000, Bloomberg reports. It will be the second-most expensive in the world.
Who's going to be drinking Glenfiddich 50 Year Old? Not many, apparently. These offerings, in 500 hand-blown and numbered bottles, are meant to be an investment.
"I'd expect interest from Asia to North America for a 50-year," said a director at a Scotch whisky trade group, according to Bloomberg.
The value of a 60-year-old Macallan that sold in 1991 has nearly quadrupled since then. "The Glenfiddich 50-Year would be its nearest rival available to buy openly," Bloomberg reports.
Oddly, the best place to find this 50-year bottle is at an airport. The whisky will be released in 50-bottle lots, which will go to airports for two months and then to other stores.
http://blogs.moneycentral.msn.com/topstocks/archive/2009/08/04/a-16-000-whisky.aspx
When the stock market has you flummoxed, there's always whisky. No, not to drown your sorrows. How about whisky as an investment?
The maker of Glenfiddich has unveiled a 50-year aged whisky that will sell for $16,000, Bloomberg reports. It will be the second-most expensive in the world.
Who's going to be drinking Glenfiddich 50 Year Old? Not many, apparently. These offerings, in 500 hand-blown and numbered bottles, are meant to be an investment.
"I'd expect interest from Asia to North America for a 50-year," said a director at a Scotch whisky trade group, according to Bloomberg.
The value of a 60-year-old Macallan that sold in 1991 has nearly quadrupled since then. "The Glenfiddich 50-Year would be its nearest rival available to buy openly," Bloomberg reports.
Oddly, the best place to find this 50-year bottle is at an airport. The whisky will be released in 50-bottle lots, which will go to airports for two months and then to other stores.
http://blogs.moneycentral.msn.com/topstocks/archive/2009/08/04/a-16-000-whisky.aspx
