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Gin Festival Stock Goes Under The Hammer

Written by: Paul Cooper on Friday 10/08/2018

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More than 1,200 bottles of gin and 7,000 bottles of tonic are to be sold off at a rare auction in North Lincolnshire on Monday 13th August.

Fans of the juniper berry spirit are expected to snap up cut‐price cases as branded bottles including Tinker, Kuro, Aduro, Slingsby, Dingle, Santamania, Black Tomato Gin and PJ fall under the hammer in the unusual lot. The sale also includes outdoor festival bar equipment including strobe lights, speakers, a mixing console and optics.

Begbies Traynor, the administrators of West Yorkshire‐based Gin Festival Limited, instructed the Scunthorpe office of Eddisons CJM to auction off the stock after the events firm fell into administration last month.

20 planned festivals across the UK were cancelled and 27 members of staff of Gin Festival Limited were made redundant leaving the huge volume of gin behind.

Quarterly combined sales of gin in UK supermarkets, shops, pubs, bars and restaurant have increased by over 40% according to a recent report* by the Wine and Spirit Trade Association (WSTA).

In the year ending 31 March 2018, UK gin sales rose by 28% in volume and by 33% in value to reach £1.5 billion, meaning that sales have more than doubled in value in five years (£696m y/e March 2013). The WSTA has predicted that gin will be a £2 billion industry by the end of this year.

Paul Cooper, director in the Scunthorpe office of Eddisons CJM, said:

"It is rare to find this level of volume and wide range of gin brands on sale at auction anywhere in the UK and we are pleased to have been selected to put it to auction in Scunthorpe.

"Gin has become somewhat of a trendy drink during the past couple of years so I expect bidders to be a mix of consumers and those in the trade.”

Physical viewing takes place on Friday 10th August (1pm ‐ 4:30pm) at Eddisons CJM on Dunlop Way in Scunthorpe. The auction takes place online and will be concluded at 6pm on 13 August.

The entire lot can be viewed here.

*Source: Wine and Spirit Trade Association Report:‐gin‐proves‐it‐s‐still‐a‐sparkling‐success‐on‐world‐gin‐day

Written by: Paul Cooper on Friday 10/08/2018

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About the author

Paul qualified in Fine Arts with the Incorporated Society of Valuers and Auctioneers and joined Industrial Auctioneers DDM Asset Management, the forerunner of CJM.

He took the necessary examinations under the auspices of the Royal Institution of Chartered Surveyors, winning the Henry Butcher Prize for Applied Valuation for two consecutive years.

Since CJM Asset Management was formed, Paul has worked hard to make the company a leading player in global asset sales and valuation. In 2011, he introduced the Antiques and Collectables element to CJM, but continues to play a leading role in developing industrial asset disposal aspects of the business.

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