Wednesday, February 14, 2018

MACALLAN CASK SELLS FOR RECORD PRICE AT AUCTION

A cask of Macallan single malt Scotch whisky distilled in 1989, has sold for a record £242,200 at auction.

Macallan Cask No.1248 (52.7% ABV) is a refill sherry hogshead, that was matured in one of the distillery's official bonded warehouses, and is the oldest of a series of Macallan casks auctioned recently by Whisky-Online. The price is believed to be a world record for a cask of whisky distilled in 1989.

Macallan Cask No.1248

Macallan Cask No.1248, holds approximately 257 standard 70cl bottles of whisky, with the hammer price equating to over £942 per bottle before commission, duty and bottling costs are added.

The price beats the previous records at the auction house set just last month, when a 1990 Macallan of the same cask type sold for £135,100. A larger cask of Macallan 1996 sold in the same auction for £168,300.

Commenting on the news, Wayne Ormerod, Founder of Whisky-Online Auctions, said: “This was a superb sale. Macallan is a blue chip distillery known for its sherry casks, so it's ideal for auctions like ours that specialise in the best quality older whiskies. It is great to see this level of demand for bonded casks of single malt from serious auction buyers. There were multiple bidders who were determined to secure Cask 1248, which is why the auction kept extending and the cask ended up going for such a fantastic price.”

He went onto say: “We've been auctioning rare bottles of whisky for several years, so when the opportunity to start auctioning casks came along it seemed like a natural progression. It's fair to say we've been very pleasantly surprised by just how successful it's been.”

Whisky-Online Auctions, began selling bonded casks of single malt in their regular auctions in July 2017.

Posted by Steve Rush