Rare Whisky 101’s 2017 Half Year Report shows that both the volume and value of rare Scotch whisky sold at auction has increased by record amounts during the reporting period.
|Rare Whisky 101 Founders: Andy Simpson and David Robertson|
The value of collectable bottles of Single Malt Scotch whisky sold at auction in the UK rose by 93.66% to an all-time half-year high of £11.176m. The number of bottles of single malt Scotch whisky sold at auction in the UK increased by 47.25% to 39,061.
Commenting on the news, Andy Simpson, Co-Founder of Rare Whisky 101, said: “Never has the secondary market for rare whisky been so strong, and we expect the value of Scotch sold at auction in the UK to break £20m this year for the first time ever. At a brand level, individual producers are continually pushing the prices of their premium aged stock. Couple this primary market price inflation with increased global demand and declining stocks of discontinued bottles, and we still look to be in the ‘perfect storm’ for the right bottles to continue to appreciating in value.”
He went onto say: “Of course, as with any investment asset experiencing such a run, it all could come to an end. But right now, the right bottles of Scotch seem to be in ever increasing demand. With so little significantly aged stock still maturing in the cask, it’s unlikely we’ll see prices easing for rarities in the short to medium term.” For now, we remain optimistic about Scotch’s burgeoning credentials as an alternative investment, but only as we always say, for the right bottles.”
The continued increase in values is also reflected in the average per-bottle price, which has risen to a new record of £286. The most expensive bottle of Scotch sold during the period was a 50 Year Old Macallan Lalique, which fetched £65,210.
Back in July, Rare Whisky 101 founders Andy Simpson and David Robertson, launched a new cask brokerage service, to cater for the growing demand in rare whisky casks.
Posted by Steve Rush