Whisky Focus - Whisky Auction Sales Exceeded 100,000 Bottles In 2018

Whisky Auction Sales Exceeded 100,000 Bottles In 2018


8th February 2019
Whisky auction sales exceed 100,000 bottles with a value of over 40 Million but due to Brexit 2019 is very difficult to predict.

Top 10 Whisky Auction Value Market Share 2018

Whisky auction sales are showing no signs of letting up according to the figures released today by whisky analyst, broker and investment experts Rare Whisky 101. The figures show that in 2018 the UKs rare whisky auction market has exceeded sales of more than 100,000 bottles of rare whisky with a value of over 40 million in a single year for the first time as global demand accelerates.

According to the report, both the volume and value of rare Scotch whisky sold at auction increased by record amounts. The value of collectable bottles of Single Malt Scotch whisky sold at auction in the UK rose by 62.70% to a record 40.7m (2017 25.06m). The number of bottles of Single Malt Scotch whisky sold at auction in the UK increased by 28.88% to 107,890 (2017 83,713).

The average per-bottle price rose 26.24% to a new record 377.91, up from 2017s 299.36.The number of bottles sold in the UK for a hammer price of 10,000 or more rose by 191% from 91 in 2017 to 265 in 2018.

2018 was also notable for being the year when 1mllion was paid for a single bottle of Scotch whisky, a world record for a 1926 60 year old Macallan, and a huge increase on 2017s most expensive bottle which sold for 95,000

Average Whisky Auction Price Per Bottle 2018

RW101s leading index for rare whisky, the Apex 1000 Index, which tracks the best performing 1000 bottles of rare whisky, closed the year up 30.01%, once again outperforming the Liv-Ex Fine Wine 1000 (10.00%), FTSE 100 (-12.48%), Brent Crude (-19.50%) and Gold (-2.14%).

Andy Simpson, director and co-founder of Rare Whisky 101 said:

"The secondary market for rare whisky continues to outperform our expectations. With the average bottle price 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. In fact more than 15.5m of value was sold in the final quarter of 2018, more than double 2014s full year performance of 7.64M. The value increase, in particular, is due in part to the two record breaking 1926 Macallan bottles selling in December. While these two bottles were among the stand-out items for sale, they were by no means the exception. Across the board, were seeing an increased number of valuable bottles selling for greater value than ever before resulting in phenomenal growth within the market for over 1,000 bottles."

Commenting on the future prospects of the rare whisky market, co-founder of Rare Whisky 101, David Robertson said:

"While demand for rare and vintage whisky shows no signs of slowing, the fundamentals of investing in the rare whisky market remains strong. The UK auction market remains the biggest and most active market worldwide, and theres nothing to suggest that will change. As consumption continues to increase, driven by connoisseurs, collectors and investors, the stocks of rare whisky will continue to diminish, creating the ideal conditions for escalating hammer prices. However, with the uncertainty of Brexit hanging over us, it is extremely difficult to second guess what will happen with cross border trade and access to bottles. From both a volume and value perspective, 2019 is very difficult to predict!"
 

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