Whisky Magazine Issue 102
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Out with the old and in with the new, encourages Jonny McCormick
Consider this: there were seven whisky auctions last December where thousands of great whiskies changed hands.
In fact, there were nearly as many single malt whisky bottles auctioned that month as during the entirety of 2007.
More than £10 a minute was spent at auction or the equivalent of one bottle changing hands every 20 minutes. Round the clock, every single day, all month. When Hogmanay came, I hope you tore open the seal on one of your new acquisitions and shared it with good company.
The sales have brought whiskies old and new from distilleries great and small. The thirst for rare whiskies at auction continues to grow, so expect tougher competition this year. As fine wine values stumble, prices for certain whisky brands are readjusting.
This could prove to be a good time to buy for the long term.
The Glenfiddich Janet Sheed Roberts Reserve 1955 was far from the only expensive whisky to be sold recently. Christie's December sale was for serious players only with average bottle prices topping £1,200.
The Balvenie 50 Years Old 1937 took £12,000, a Gordon & MacPhail decanter of Mortlach 50 Years Old 1936 made £2,200 and The Glenlivet 50 Years Old decanter distilled 1938 made £1,500. Vintage Macallan had a field day: the 1946 Select Reserve seized £6,500, the 1951 snatched £5,000 and whilst the Queen Elizabeth Diamond Jubilee bottlings are released this year, a Macallan 25 Years Old bottled in 1977 for the Silver Jubilee achieved £7,500.