For the first time Rare Scotch Whisky sales hit 100,000 bottles in a year
Single malt sold auction sales in the UK have risen by 62.70% to a record £40.7 million
Sales of rare Scotch whisky auction have topped the 100,000 bottles a year barrier in for the first time. Whisky analyst, broker and investment experts Rare Whisky 101 revealed the findings in its 2018 annual report.
It said volume and value of rare Scotch whisky sold at auction increased by record amounts. The value of collectible bottles of single malt sold at auction in the UK rose by 62.70% to a record £40.7 million – up from £25.06 million in 2017.
The number of bottles sold at auction in the UK increased by 28.88% to 107,890 from 83,713. The average per-bottle price rose 26.24% to a new record £377.91, up from £299.36 in 2017. The number of bottles sold in the UK for £10,000 or more rose by 191% from 91 in 2017 to 265 in 2018.
It was also the first time a single bottle of Scotch whisky went for more than £1 million, a world record for a 1926 60-year-old Macallan, and a huge increase on 2017’s most expensive bottle which sold for £95,000.
The Apex 1000 Index which tracks the best performing 1000 bottles of rare whisky, closed the year up 30.01%, outperforming the Liv-Ex Fine Wine 1000 (10.00%), FTSE 100 (-12.48%), Brent Crude (-19.50%) and Gold (-2.14%).
With average bottle prices increasing by around 15% from the half-year stage to year-end, we saw a rapid acceleration of activity within the last few months of the year.
Get in touch with a Spirit Trader today to start or enhance your investment grade spirit collection.
86-90, Paul Street, London.
EC2A 4NU, +44 20 3870 4360
7 Queen’s Gdns, Aberdeen
AB15 4YD, + 44 1224 449 029