Does it state the alcohol strength? I can t see it on the label. I have seen some bottles without the alcohol strength on the label, I think they were bottled for duty free. Here is an example of one without the ABV or Proof strength on the label:
I think the reason this sold so cheaply was the fill level. But as you can see from krakows link the Johnnie Walker Red Label doesn't fetch a fortune, having no ABV on the label may add a few pound to it value.
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