This Company Will Let You Invest in Pappy Van Winkle Bourbon Without Even Buying a Bottle

  • 📰 RobbReport
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A new meaning for 'liquid assets.'

The company will create an initial offering on the Rally app, similar to an IPO, which will be priced at $14,000. When it’s fully bought out Rally holds onto the asset for 90 days, at which point the whiskey will be made available on the Rally secondary market. It’s also possible that at some point the whiskey will receive a full buyout offer, which would then be presented to the investors for approval. Of course, as with any investment, there’s a chance that the Pappy could decrease in value.

It’s a sign that the world of bourbon is catching up to what what wine aficionados have enjoyed for some time, which is that their have outpaced equities markets in appreciation. However, instead of having to hunt the bottles down yourself to hold and flip, Rally is offering to let you buy shares in bottles they’ve secured already and then making the market.This seems like a situation ripe for detractors, as there are plenty of whiskey fans busy hunting down unicorn bottles who are pretty fed up with the robust secondary market driving up prices .

According to Rally CEO George Leimer, the only feedback he’s gotten so far has been from producers who want to get their bottles on the platform. “As far as whiskey enthusiasts reaching out supportively or in frustration, we haven’t gotten much of that,” he told. “We’ve gotten a couple of thousand investors in wine and spirits so far, but we haven’t heard that feedback.” He also said that this is just the start, as Rally plans on adding more whiskey assets in the future.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 309. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fleet Management Company Zeeba Agrees To Buy 5,450 Canoo Electric Vans | CarscoopsZeeba will then get the delivery vans into the hands of small businesses with short and long-term leases
Source: Carscoop - 🏆 306. / 63 Read more »