23 Feb Canny investors are pouring cash into rare whisky as they look for big returns
CANNY investors are turning to whisky as they look for big returns on their cash.
The value of top-quality Scotch is rocketing while global stock markets fall.
The Rare Whisky Apex 1000, which follows auction prices of rare bottles, showed a 14 per cent increase last year while the value of the UK’s blue chip companies shrunk by 1.3 per cent.
Limited edition malts, commemorative bottles and whisky from closed-down
distilleries are being snapped up as an investment.
Almost £10million worth of collectable bottles were sold in the UK last year.
Expert Andy Simpson, of independent valuers Rare Whisky 101, said more amateur traders are taking a punt on Scotch.
“Scotch is in such high demand that anything that’s ‘aged’ is disappearing from the market because it’s so rare. Anything over 25 years old is considered getting on in today’s market.Andy Simpson, a whisky expert and trader
“Balvenie released two 50-year-olds last year and they were £26,500 per bottle. Ten years ago they might have been about £200.”