I think people who believe that The original Port Ellen distillery will reopen are on another planet . Most of it is gone , the bits that remain are used to store Lagavulin , as an engineering workshop for the Maltings and as local business premises .
Even if someone opened another distillery in the same area it is highly unlikely that they would be able to use the Port Ellen name , Diageo wouldn't let them ( like Rosebank....) .
Most people on Islay will tell you that PE wasn't a very good malt , 'Blending Fodder' is the term usually used.......
As others have already stated the Young PE wasn't very good , i had a bottle of Signatory 10yo and compared to the likes of the Ardbeg 10yo (Allied not Glenmorangie, lower ABV) , Caol Ila 10yo , Laphroaig 10yo and Lagavulin 10yo it was awful ! I never tried it in it's teens but i have in it's twenties and most of it has been Mediocre next to the likes of similarly aged other Islays imo . i would say only 2 or 3 have stood out ( A couple of Sigs and the Whisky Shop 10th Anniversary bottling) .
Regarding young Islays i would say the other Port is the one to watch , Charlotte not Askaig ! This spirit has been going from Strength to strength , especially the private casks (mine ! LOL!) . The SMWS have released some cracking ones recently .
meataxe99 wrote:1. In general, single malt prices are very strong at the moment.
yup but being a luxury item now , people could stop buying at the drop of a hat and we could have more distillery closures like in the 80's and 90's if the recession continues .
meataxe99 wrote:2. The Port Ellen name is extremely strong at the moment, with prices to match.
As Willie said only cos it's closed and getting rare , could say the same about Brora , Rosebank.....
meataxe99 wrote:3. Islay is very popular at the moment...and the Islay distilleries are all at or around the peak of the whisky game.
Sometimes i wish it wasn't , especially with the pesky bottle chasers but it , again , could all change at the drop of a hat.......
meataxe99 wrote:4. Consumption of single malt is increasing by the year...with large growth possibilities in Asia. Port Ellen would undoubtedly be viewed on the higher quality end of the scale...
I think Blends tend to be drunk more in these up and coming markets ( can they afford 30+yo PE at over £200 a bottle ? wouldn't have thought so ) but it still takes malt away from us to go into blends but again the way the world recession is going for how long will it continue ?