Whisky Focus - Record Sales In Scotch Whisky Auction Market

Record Sales In Scotch Whisky Auction Market

25th July 2017
Scotch whisky auction sales in the UK continues to break records.

Last five years whisky auction sales £ Value in the UK.

According to whisky analyst, broker and investment experts Rare Whisky 101, the UK auction market for Scotch malt whisky continues to see record sales, with the total value sold at auction surpassing £2 million in each of the last 3 months of April, May and June.

During these past three months, the secondary market for rare Scotch malt whisky has achieved its highest ever average price per bottle of £286.

21,617 bottles were sold on the secondary market during this record-breaking period, versus 12,638 in the same period in 2016, a 71% increase.

A cumulative total of £6.18M has been spent on rare whisky at auction compared to £2.80M in the same period in 2016, an increase of 121%.

The figures underline the continued trend of value growth exceeding volume growth. In the past month (June) alone, RW101 has noted a 54% increase in volume and a 94% increase in value of Scotch malt whisky sold at auction, compared to June last year.

The figures point to another very strong six months’ performance for the UK’s secondary rare whisky market, when RW101’s half year report is published later this Summer.

Whisky investment analyst and co-founder of Rare Whisky 101, Andy Simpson commented: "Any question as to whether the recent increases in the rare whisky market would begin to plateau can, for now, be summarily dismissed. Even we wondered whether the market could continue to expand at such levels, following another record braking year in 2016. The performance of Scotch malt whisky at auction over the past three months has been nothing short of phenomenal.

"The growing popularity of online auctions, combined with recent moves by traditional rare whisky retailers to set up their own auction sites, continues to drive demand. By joining the secondary market sector, these “bricks n mortar” retailers have finally realised that they can’t afford to lose rare whisky customers to the auction market.

"Anecdotally we have seen growing demand from North America and Asia over recent times. We have also experienced a dramatic increase in enquiries from Asian and USA professional buyers looking to set up new supply agreements to capitalise on this dynamically growing market."

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