Australian entrepeneur Scott Sciberras has told Sky News Australia Wine and Travel Editor Des Houghton how he and a friend came up with the idea for the world's fastest-growing 'asset-backed alternative investment space'.
Scott Sciberras created the Whiskey & Wealth Club in London five years ago with his mate Jay Bradley to grab a share of the booming market in rare bottled and cask whiskey.
“As a commodity, Irish whiskey has been growing in double digits in the last 35 years,” said Sciberras, a former commodities trader who grew up at Bass Hill, 23km southwest of Sydney. Here is a good time to point out that whiskey in Ireland and America is spelt with an “e”, while Scotland and Australia spell whisky without the “e”.Scotland and Ireland distillers previously traded whisky behind closed doors, Sciberras explained.
Sciberras points to a Knight Frank Wealth Report index showing rare single malts proved a better investment in the last 10 years than property, coins, artworks, coloured diamonds, stamps and classic cars. “It was judged the World’s Best Irish Single Malt in 2022 at the World Whiskies Awards in London at our first attempt.”Originally €10,000 a bottle, it now fetches €25,000 on the secondary market.
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