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In October 2019, a single bottle of Macallan Fine and Rare 60-Year-Old 1926 sold for a record-breaking $1.9 million, becoming the most expensive bottle of wine or spirit ever auctioned. One year before that, a bottle from the same batch of Macallan sold for $1.2 million at auction.
As headlines announce new benchmarks for whiskey, investors and industry leaders are taking note. Whether you’re collecting as a hobby or an investment, you’ll want to protect your whiskey by keeping it safe and in good condition while it’s in storage or being transported.
Here are a few tips on how to store your whiskey:
1. Store bottles of whiskey upright and monitor the condition of the cork.
Constant contact with high strength alcohol can degrade the cork, causing it to disintegrate and/or transfer unpleasant flavours into the liquid. Flip the bottles a couple times a year to help ensure the cork does not dry out or oxidate.
2. Keep it dark.
Store bottles away from strong sunlight which can affect the delicate flavours and desired color of the spirit and cause evaporation. Consider using motion activated lighting to keep light exposure at a minimum.
3. Keep the collection consistently cool, but not too cold.
If a collection becomes too cold, it can cause the liquid to become cloudy. Experts recommend storing whiskey at a temperature of 15-20°C. If you’re collecting both whiskey and wine, you may not want to store them together, since ideal temperatures for whiskey are at the higher end of the spectrum for ideal wine storage.
4. Maintain consistent temperature and humidity.
Fluctuating temperatures and humidity can cause liquid to expand and contract, destabilizing the whiskey. Excess humidity can cause damage to the labels and degrade the cork. Consider adding climate control notifications to your alarm system, which will alert you if the temperature or humidity in your cellar shift.
5. Protect the bottle and label condition.
The condition of the label can impact the bottle’s value. To avoid ripping or scuffing the labels, consider storing whiskey bottles in their original cartons or cases.
6. Prepare them to be transported.
If your whiskey collection is going to travel, make sure the bottles are packed with proper materials including stable, insulating layers that can protect them from getting broken. Optimal travel conditions include a consistent, cool temperature and no harsh light.
Insights and expertise
This document is advisory in nature and is offered as a resource to be used together with your professional insurance advisors in maintaining a loss prevention program. It is an overview only, and is not intended as a substitute for consultation with your insurance broker, or for legal, engineering or other professional advice.
Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of these subsidiaries, please visit our website at www.chubb.com. Insurance provided by Chubb Insurance Company of Canada or Chubb Life Insurance Company of Canada (collectively, “Chubb Canada”). All products may not be available in all provinces or territories. This communication contains product summaries only. Coverage is subject to the language of the policies as actually issued.