Whisky at auction: Cask investment ‘not for the faint‐hearted’

Buying spirits to flip on the secondary market is an age-old practice. But as closing prices for collections at auction reach millions of pounds, The Spirits Business asks if collecting has evolved from a hobby into a safe-haven asset. *This feature was originally published in the October 2019 issue of The Spirits Business Just when you think whisky auction prices couldn’t possibly climb any higher, along came the “ultimate whisky collection”. Comprising 467 bottles and…

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Macallan 1926 breaks auction record at £1.5m

A bottle of The Macallan 1926 60-year-old Scotch whisky has set a new world record after fetching £1.5 million (US$1.9m) at auction. The 60-year-old Macallan from cask #263 was the headline sale of the Ultimate Whisky Collection auction, which is currently being held by Sotheby’s in London. More than 460 bottles have gone on sale during the auction, including 178 bottlings from The Macallan Fine and Rare series. The Macallan Fine and Rare 60 Year…

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Wray & Nephew President’s Reserve breaks auction record

A rare bottle of the J. Wray & Nephew President’s Reserve rum, which contains liquid from 1906, has set a new auction record after fetching £31,500 (US$40,000). The bottle, the fourth of 12 bottles created, went on sale in Whisky Auctioneer’s inaugural Rum Auction last month. It set a new world record for an individual bottle of rum sold at auction. Described as one of the world’s rarest rums, the J. Wray & Nephew President’s…

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The biggest spirits stories of 2018

Jaw-dropping auction prices, ambitious expansion plans and punitive Bourbon tariffs made for a dramatic year in the spirits world – we look back at the biggest stories to shake the sector in 2018. Last year, the US found itself embroiled in numerous trade wars, which began in March when US president Donald Trump revealed plans to impose a 25% import duty on steel and a 10% import duty on aluminium. The UK also hit headlines…

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