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Issue 87 - The price is right

Whisky Magazine Issue 87
April 2010

 

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The price is right

Jonny McCormick reports on the Spring whisky auctions, some spectacular Macallan prices and why Bruichladdich is on the up.

Each time you sell a bottle of whisky at auction is like another throw of the dice.

Where to sell is all important.

Online auction sites can reach a wide audience but buyers have to rely on a photograph and provenance has to be taken on trust. This year, whilst specific bottle prices are similar, the hammer prices of 8.1% of Bonham's WMI Whisky Magazine Index (WMI) eligible bottles have made £500 or more, compared with 2.5% at McTear's as they attract slightly different markets. Catalogue position can matter, as too early a listing and bidders may hold back, but equally the number of bidders and their resources can wane by the day's end. A surfeit of lots from the same distillery or identical bottlings could cut the demand for your sale. Finally, choosing to sell as a single lot or with a couple of AUCTION WATCH The 2010 sales kicked off with McTear's Winter Rare Whisky Sale in early February with attention focussed on a wax sealed half bottle of Springbank distilled in 1900, drawn on the 14th December 1927. It made a tidy £2,200.

Overall, the 507 lot sale achieved over more than £73,000, with 83% per cent of lots sold. Highest prices bought the Bowmore 1964 35 year old (£2,800), Macallan 1938 (£1,550) and Laphroaig 1960 (£950).

There was plenty of Ardbeg on offer with the Corryvreckan Committee Reserve achieving £160 a bottle, a Young Uigeadail Committee Reserve brought £210 although Lord of the Isles failed to break the £200 mark.

The first auction house sale...

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