IT’S smashing records with the rarest and more collectable bottles selling for over £1 million. And whisky experts are predicting that the interest in investing in Scottish whisky will continue to soar.
Last week, a bottle of Bowmore 1966 Samaroli Bouquet, considered one of the best whiskies in the world, was bought for a record-breaking £51,611 in an online auction held by Perth-based Whisky Auctioneer. The bottle had previously been sold for £4,200 in 2014, an annual increase in value of 280 per cent.
Earlier this year a special-edition bottle of The Macallan, with a label designed by pop artist Peter Blake, was sold for £1.1m at an auction in Hong Kong.
Sean McGlone, Whisky Auctioneer director, said a growing number of people from across the world, especially from the Far East, were starting to collect whisky as an investment. He claimed that while new producers from countries such as Japan were increasingly able to attract big mark-ups, it was still the Scotch and Scottish whiskies that are fetching the record-breaking prices.
He said: “There’s been a huge increase in the number of people drinking and enjoying whisky and also in investing in whisky, not just in the UK and Europe but all around the world. It’s a booming international business.
“Scottish whiskies are now reaching their highest prices ever. They are doing fantastically well and breaking all sorts of records left, right and centre. It’s not looking like slowing down either. The Scottish whisky industry is on the up and up. That’s not to detract from the other producers of whisky, such as Japan, whose whiskies are also doing well as auction. But I’d say they are the only other country who could hold a candle to Scotland.”