|
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.
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
|
