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Enmore 1990, ABV 52.30% LPA83.4

Asset value
53.499,9 €
Issue price per Splint
50 €
Total number of Splints
1.063
Investment horizon in years
3 to 5
Return-to-Risk Assessment
9/10
Since launch June ‘25
+0.7%

Main reasons to invest

  • Return Potential📈: An investment of 500 EUR could reach an estimated value of 902 EUR in 5 years.

  • Cost-to-Return Ratio⚖️: With just 3.4% annual total costs (including exit fees), your net profit could be 12.5% per year.

  • 34 Years of Quality & Recognition 🧪: Now 34 years old and still aging, this rum embodies exceptional craftsmanship, distilled using rare greenheart wood alembics. Its character continues to mature in cask. While this specific cask hasn’t yet been bottled or judged, similar Enmore vintages have received top recognition—such as a 2nd-place award on RumX in 2024—affirming the distillery’s enduring reputation for excellence.

Description

Investment Thesis 📝
1. Strong Return Opportunity Supported by Market Data
This investment is modeled over a 4-year horizon, leveraging historical auction results for Enmore bottles and casks as benchmarks:

Balanced Scenario (CAGR, 2025–2029):
→ €84,505 | CAGR: 12.5% p.a.

Ambitious Scenario (CAGR, 2025–2029):
→ €98,470 | CAGR: 16.7% p.a.

The projected net annual return of 12.5% is based on replicating 60% of the historical appreciation observed for Enmore casks and bottles between 2019 and 2024. This is supported by robust demand for rare Guyanese rums, especially those from the closed Enmore distillery, and aligns with recent auction results for comparable single cask releases. Based on our risk-adjusted return analysis, the investment yields a Sharpe ratio of 1.06, indicating strong excess return relative to its volatility.

2. Risk Profile and Volatility Benchmarking
Risk modeling applies 2x the observed volatility for the general Whisky Index as a benchmark, resulting in a conservative standard deviation of 14.0%. Using a Value at Risk (VaR) model, there is a 95% probability that the asset’s value will exceed €56,100 after 4 years—providing a margin of safety relative to the €51,950 acquisition price.

3. Fair Entry Point in an Appealing Asset Class
The purchase price reflects only a 2% premium to fair value, estimated using the total capacity of nine similar rums. This careful pricing approach ensures a fair entry point with strong upside potential.

4. Rarity, Exclusivity, and Historical Significance
The Enmore 1990 cask is exceptionally rare, distilled at a legendary Guyanese distillery that closed in the 1990s and produced using one of the world’s last wooden pot stills. With only a handful of comparable casks available globally, scarcity is a key value driver. The distillery’s legacy, the unique greenheart wood still, and ongoing aging in barrel further enhance its collectability and appeal. Recent accolades, such as the Enmore 1994 bottle being named second-best rum of 2024 by the RumX community, highlight the enduring prestige and demand for aged Enmore rums.
Exit Options at Maturity 🚪
At maturity, we will handle the exit strategy on behalf of investors, seeking to maximize returns based on prevailing market conditions. We will carefully assess market conditions and choose the option that ensures the best possible outcome for investors.
Why Invest in This Category? 🎨
Investing in premium rum casks allows investors to tap into a rapidly growing segment of the fine spirits market. As collectors diversify beyond whisky, aged rums—especially those from legendary, now-closed distilleries like Enmore—are gaining traction for their rarity, complexity, and cultural cachet. With limited supply and increasing global demand, particularly for high-age statements produced using traditional methods like wooden pot stills, rum casks offer strong appreciation potential and portfolio diversification in alternative assets.
Why Invest in This Asset? 💎
The Enmore 1990 cask is a rarity both by age and by provenance. Distilled using one of the last surviving wooden pot stills—constructed from greenheart wood native to Guyana—this method imparts a flavor profile unmatched in modern distilling. These stills are living antiques, with only three known to remain, making spirits created in them not just collectible, but irreplicable.

At 34 years of age, the rum in this cask has reached a maturity few casks ever see. Unlike bottled spirits, it continues to evolve, deepening in complexity and value over time. With storage and insurance covered for the initial years and annual costs capped at 1.2% thereafter, the asset is not only well-preserved but also financially structured for ease of ownership.

Enmore distillery closed permanently in the 1990s, cementing this as one of the final liquid legacies from a revered Guyanese producer. Market comparables highlight the rising value of such casks: earlier vintages like the 1985 Enmore MEV retail for around €850 per LPA, while comparable casks from the 1980s sell for €700 to €1,000+ per LPA.

Meanwhile, bottles from the 1990s range from €300 to €660, and accolades like the Enmore 1994’s second-place finish as Best Rum of 2024 (RumX community) confirm the ongoing demand. With an average projected growth of 10% per annum and an investment horizon of 3–4 years (yet eligible for immediate bottling), the Enmore 1990 cask represents a confluence of aging potential, rarity, and market prestige that’s hard to match in today’s spirits scene.
Context in Time ⏳
The Enmore 1990 was distilled at the twilight of a golden era—just before the distillery’s closure. Over three decades later, it has transformed into a relic of craftsmanship. With collectors shifting from whisky to premium rums, this liquid time capsule—aged in oak, untouched by market exposure—is a rare chance to connect with a fading legacy just as it rises to new prominence.
Conclusion 🎯
The Enmore 1990 cask is a living legacy—aged to perfection, steeped in rarity, and backed by proven performance. It’s one of the last of its kind, both in process and in spirit. As vintage rum rises in value and prestige, this asset holds all the right ingredients for greatness.

Expert

Distilia

Distilia is an expert in delivering extremely rare editions of whisky, cognac, armagnac, and rum, as well as in cask trading.
As a trader, we help collectors find, purchase, value, or sell true rarities. We can build entire collections for our clients or assist them with a single transaction.

Additional details

Asset ID
452eee02-1f18-4cdc-b0b8-f218694d3fd2
Type
Single cask
Distillery
Enmore
Cask type
Oak Cask
Size
LPA 83.4; equivalent to 228 bottles (700ml)
Date of distillation
1990
ABV
52.30%

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CEO & Co-Founder