Whisky Focus - The Macallan Continues To Dominate Auction Market

The Macallan Continues To Dominate Auction Market


1st September 2017
The Macallan continues to dominate the secondary whisky market, accounting for just short of £300 out of every £1,000 spent on whisky at auction in the UK in the first half of 2017.

The Macallan continues to dominate the secondary whisky market.

According to the latest figures published by whisky analyst, broker and investment experts Rare Whisky 101 the secondary whisky market here in the UK continues to see
unprecedented growth

Their figures shows that both the volume and value of rare Scotch whisky sold at auction has increased by record amounts during the first 6 months of 2017. The £ value of collectable bottles of Single Malt Scotch whisky sold at auction in the UK rose by an exceptional 93.66% to an all-time half-year high of £11.176m (H1 2016 £5.771m. The number of bottles of Single Malt Scotch whisky sold at auction in the UK increased by 47.25% to 39,061 (H1 2016 26,527).

The continued increased in values is reflected in the average per-bottle price, which has risen to a new record of £286.13, up from H1 2016’s £217.56 and FY 2016’s £241.87.

The Macallan continues to dominate the secondary whisky market, accounting for just short of £300 out of every £1,000 spent on whisky at auction in the UK in the first half of 2017. The brand now has a 12.71% volume share of all bottles sold and a staggering 28.90% share of the £ value (up from 10.26% and 21.85% respectively at FY 2016).

The most expensive bottle of Scotch sold during the first 6 months of 2017 was a 50 year old Macallan in Lalique, which fetched £65,210 which was almost £40,000 up from the previous best of £17,000 in 2015back in 2015.

In contrast, the market continues to polarize as the broadest measure of non-performing rare whisky assets. The Negative 1000 Index, shows accelerating losses dipping -3.22% through the first half of 2017 (H1 2016 -0.83% and FY 2016 -0.13%).

Scotch leads Japanese in the investment stakes as the Icon 100 Index (a basket of 100 collectable bottles of Scotch whisky) increases 6.56% but the Japanese Icon 100 Index (a basket of 100 collectable bottles of Japanese whisky) re-traces by -4.41% at the half year.

Despite a broader dip in values for Japanese whisky, a bottle of Karuizawa 1960 was sold for £100,100 in April 2017, setting a new UK and European record price for a bottle of whisky.

Whisky investment analyst and co-founder of Rare Whisky 101, Andy Simpson commented: "Never has the secondary market for rare whisky been so strong, and we expect the value of Scotch sold at auction in the UK to break £20m this year for the first time ever.

"At a brand level, individual producers are continually pushing the prices of their premium aged stock. Couple this primary market price inflation with increased global demand and declining stocks of discontinued bottles, and we still look to be in the ‘perfect storm’ for the right bottles to continue to appreciating in value.

"Of course, as with any investment asset experiencing such a run, it all could come to an end. But right now, the right bottles of Scotch seem to be in ever increasing demand. With so little significantly aged stock still maturing in the cask, it’s unlikely we’ll see prices easing for rarities in the short to medium term.

"For now, we remain optimistic about Scotch’s burgeoning credentials as an alternative investment… but only, as we always say, for the right bottles."

Do you think you could spot a future whisky investment? Then have a look at the Macallan whiskies currently available from specialist online whisky shops such as Master of Malt and The Whisky Exchange
 

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