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Whisky cask bought for £130 goes on sale for nearly £270,000 after 55 years

Whisky cask bought for £130 goes on sale for nearly £270,000 after 55 years

From Dong-A Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

In-depth From a news agency Context piece
  • Angus Kerr, 81, bought a cask of Glenrothes single-malt whisky for £130 in 1971.
  • He planned to resell it after about five years, but the seller went bankrupt and he believed the investment had been lost.
  • The cask has since been offered for about £270,000.

Angus Kerr bought a cask of Glenrothes single-malt whisky for £130 in 1971, hoping the investment would eventually help pay his children’s education costs. Fifty-five years later, the cask has been put on the market for about £270,000.

Kerr, an 81-year-old retiree from Surrey, decided to buy the cask after hearing that a company sold newly filled whisky barrels. A former commodities trader, he intended to sell it again after roughly five years and make a profit.

At the time, I thought that even if I lost the money, I could afford it, so I decided to invest.

— Angus KerrKerr explained why he bought the whisky cask in 1971.

That plan collapsed when the company that sold the cask went bankrupt. Kerr lost contact with the seller and came to believe that his investment had effectively disappeared. “I put my hands up and thought, ‘Yes, that was a foolish thing to do,’” he recalled.

He then forgot about the cask. Years later, an unexpected message brought it back to his attention.

I put my hands up and thought, ‘Yes, that was a foolish thing to do.’

— Angus KerrKerr recalled his reaction after the seller went bankrupt and he believed the investment was lost.
About this summary

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.