Each month we like to share with you the results of recent Whisky-Online auctions. As with every month there is always a great deal of excitement and intrigue as to how each featured lot will fair and featured below are just some of the results from their August online auction which Whisky-Online have been kind enough to share with us.
Our latest auction closed with more than a few surprises. Not least around the upper end of the sale where the top lot was, unsurprisingly, a hogshead of 1989 Macallan. However, with a hammer price of £70,200, it suggests that prices are beginning to cool off a little for bonded stocks of whisky, certainly in comparison to other recent results we’ve achieved for Macallan casks. Although, it’s worth remembering with this cask that the ABV was rather critically low, which no doubt was reflected in the price. Putting this in perspective, £70,200 is still way above what would have been, until very recently, considered standard market value for such a cask in bond.
On the flip side, £25,600 for a cask of 1994 Tobermory seems surprisingly expensive, even in today’s market, for a less widely lauded make such as Tobermory. Somewhat understandably cask 5015 was a butt and cask 39, which fetched £17,100 a hogshead, even though, that’s still a hefty price for 1994 Tobermory. Further evidence that no matter what cask you’re sitting on, if it’s got a bit of age to it, you could be in for a pretty nice surprise at auction. It’s certainly an easy way to capitalise without the hassle and cost of bottling.
On to the bottles and it was good to see Bowmore back at the top of the sale. The ‘coulours’ trilogy of Black, Gold and White seem rather unstoppable these days with respective prices of £18,700, £11,900 and £14,100. All of them outstripping even the Macallan 1946 at £11,100. If you’ve ever been fortunate enough to taste one of these bottlings of Bowmore, it’s not hard to see where such intense prices come from. These are some of the best and most distinctive spirits ever made by human hand in these bottles.
One of the biggest surprises of this auction, at first glance, is the Springbank 1965 SMWS 27.7 which fetched a rather staggering £6100. Even for a 60s Springbank, this is eye-catching stuff. However, look a bit closer and do a bit of digging and it becomes a bit more understandable. This bottling hasn’t shown up at auction in years and, at 60.2%, it looks to be a pretty remarkable dram. There are numerous series collectors out there for all manner of SMWS bottlings these days so it’s hardly surprising that when such a tasty rarity surfaces, in today’s bullish market, competition is so fierce.
Other rather striking results which speak to the nature of today’s secondary market include the old 1960s official bottling of ‘Cardow 100% Pot Still‘ which finished up at £5800. Such a rarity in near immaculate condition was always destined to do well so in many ways this isn’t so surprising. Although it is a sobering reminder of just how much of rich man’s game serious old and rare whisky has become.
Joining the Cardhu was the uber rare bottling of Macallan 12-year-old at 100 proof by Gordon & MacPhail bottled in 1971. There is a 15-year-old version of this which is slightly more common, but the 12 is indeed the definition of scarcity. This pristinely preserved version deserved its £5100 hammer price. What’s more, it was nice to see a non-official Macallan take one of the top Macallan spots in the auction for once. For serious whisky lovers, this is a dream bottling.
Speaking of dream bottles, perhaps the most beautiful examples in this sale were the pair of Taliskers bottled in the 1950s by Wolverhampton & Dudley. Examples have shown up in the distant past at auction, but to find two such perfect examples today is really like being handed something out of a time warp. Little wonder they fetched £4600 a piece. The kind of bottle you’d kill to taste.
Other bottles in the upper end of the sale that stuck out were the official Springbank 1965 Local Barley for £3000. Looking at the prices of 60s Springbanks in general, both here, elsewhere and at retail. It seems there is something of a pretty serious upward shift in prices occurring across the board. I doubt it’ll be long before we start to see these kinds of bottles regularly break the five-figure barrier.
The 50-year-old 1949 Glen Grant by Ian MacLeod at £2900 was a solid result for this bottling. While the Glenugie 1966 by The Bottlers for £2700 was also seriously impressive. Glenugie is another name which is currently rocketing skywards in price. For anyone who has tasted some of these 60s Glenugies, it is hardly surprising.
Dalmore 1973 Cabernet Sauvignon, Lagavulin 1979 38 year old by the Syndicate and the Laphroaig 19.0 anniversary bottling all hit the £2000 on the head. For the Lagavulin, it was the first time it had gone this high, which suggests a slow and steady climb even higher from here on out. The Dalmore result shows this distillery still had some serious clout at auction, even for what might be considered less impressive bottlings like the 1973. And for the Laphroaig, it’s generally a case of rarity with this bottling. Most were consumed upon release due to the lottery system under which it was sold. Whenever it shows up at auction there is usually a bit of a scuffle to get it.
Some other notable results above the £1000 mark were the Bunnahabhain 1968 Auld Acquaintance at £1350, how long before this great bottling hits the £2000 mark? A Macallan 1962 Cadenhead Dumpy looks almost cheap at the same price of £1350 however, considering its quality and scarcity. And rounding off the £1350 club was the Ardbeg 17-year-old Cadenhead Dumpy. A natural if slightly soft price for this equally historic bottling.
The Isle of Skye 50-year-old showed good progress cracking the £1000 mark for the first time, while the Bowmore Sea Dragon 30-year-old conversely seemed a tad soft at £1300. Dipping below the four-figure mark it was lovely to see two stunningly preserved old blends, the Benmore Liqueur Scotch Whisky and the Duffs Liqueur Scotch, both hitting an understandable £975 a piece.
Looking through the rest of the auction there were many impressive results. Too many to mention. Notable examples would be the two Oban 16-year-old Bicentenary Manager’s Drams at £925 apiece, outstripping even the official Oban 1969 at £850. Similarly, the pair of Ord 16-year-old Manager’s Drams for £600 a piece lent further weight to the continued upward march of the early Manager’s Drams series.
Beyond that, almost every lot was hitting its market value. Normally it’s possible to pinpoint one or two notable bargains or stand out anomalies. However, on this occasion, it really was a case of slim pickings. It seems that, in this day and age where more and more people are migrating their spending from retail to auction, prices are only solidifying, even at the £30-60 range of an auction. Interesting times…
Highland Park is excited to introduce you to VALKNUT Special Edition single malt Scotch whisky. In partnership with renowned Danish designer Jim Lynvgild, Highland Park VALKNUT is the second in a series of three VIKING LEGEND releases inspired by our rich Viking history and mythology.
Jason Craig, Highland Park brand director, commented: “Valknut is an intensely balanced whisky with an ABV of 46.8%. It’s been matured predominantly in American sherry seasoned oak casks with a slightly higher phenolic level, compared to Valkyrie. We’ve also used a small amount of Orkney grown Tartan barley which adds to its smokier edge and lingering sweet, spicy finish.”
Designer, Jim Lyngvild commented: “The story of the Valknut is compelling and I wanted to ensure that the design feature of this packaging was a fitting match to the whisky created by Master Whisky Maker Gordon Motion.
“Also, as VALKNUT is part of a series of three expressions, I made sure that there is continuity in style of the packaging – for example, the frieze design at top is consistent in look but the story of the symbol has been brought to the front panel.”
Jim’s inspiration came from two important Nordic sources in Gotland, Sweden – the first of the four Stora Hammars stones and the picture stone at Tängelgårda.
VALKNUT means ‘knot of those killed in battle’ and its symbol of three interlinked triangles is closely associated with the Norse god Odin who guided the spirits of the dead to Valhalla.
Norse mythology tells of the VALKYRIES, Odin’s female servants, who combed the battlefields for the bravest fallen warriors. Vikings who met an honourable death were marked out by the symbol of the VALKNUT and spirited away to VALHALLA to join Odin’s mighty army and prepare for RAGNAROK, the battle of the end of the world.
As you know at Malt Marketing we always like to keep you updated with news and all that’s happening in the world of premium whisky and if ever the term ‘premium’ was to be applied to any whisky, The Macallan would probably be first inline to be bestowed with such a title. With the recent opening of their new multi-million pound distillery and visitor centre, there is always something exciting happening in the world of Macallan. Below we share a clip from their recent Macallan Distillery light show held in celebration of this grand opening.
Earlier in August, Whisky-Online concluded their July auction recording some notable hammer prices in the process. With more and more investors and collectors turning to the secondary whisky market to buy and sell, auctions such as Whisky-Online provide the perfect platform for buyers and sellers to interact. Below Whisky-Online share some of the results from their recent July auction.
The last time we sold a Dalmore 50-year-old was in May 2017 when it fetched an impressive £18,600. Fifteen months later, last night, bottle number one finished up at £28,000 on the nose. At one time such a result would have been pretty staggering but it says a lot about the nature of today’s secondary market that these kinds of serious five-figure sums have become almost ubiquitous. Still, this is an impressive result no doubt and shows that whiskies of genuine and deserved legend such as the Dalmore 50 are going nowhere but up. There is in fact almost an argument that it always makes sense to buy them if you can because they will only ever be more expensive. Say this same whisky turns up again in five months time. Would it make sense to buy it for, say, £38,000 – 45,000? I would argue that it would because the year or two after you can most likely sell it for £60,000. It’s just a matter of cash flow really. Which brings us back to the reality that, at this level, whisky is very much a commodity and a rich person’s game.
Once again Macallan displayed impressive strength and consistency at the top level of the sale. £20,000 on the nose for the 1946 Fine & Rare, £4000 for the 1958 Anniversary Malt and – somewhat bewilderingly – £3600 for the Diamond Jubilee. This is the thing about Macallan, you can understand it when the whisky in question is of the stunning, old style sherried variety, it’s somewhat more bizarre when it is, essentially, a contemporary NAS single malt. Such is the power of the name.
In fact, save for two bottles, one of which was the Dalmore 50, Macallan dominated the entire top end of the sale all the way down to a Springbank 1964 Cadenhead 34-year-old at a healthy, and somewhat unsurprising, £2500. In between all that one of the most interesting, and telling, high results were for John Scott’s 1965 35-year-old Highland Park which finished up at £3300. I remember buying the 42-year-old in this series in London in 2008 for £180 and subsequently drinking it. Given the quality of the whisky in these John Scott Highland Park bottlings, it seems retrospectively obvious that they would end up at such prices.
It was good to see the Glenfarclas 105 40-year-old back, hitting a healthy £2150 after a reasonable period of absence. Similarly, the Mortlach 1936 45-year-old and MacPhail’s 1938 45-year-old both did well at £1950 and £1900 respectively.
Springbank 12-year-old 100 proof bottlings from the 1990s have sat around the £1000 mark for quite some time now, so it was interesting to see one last night finish up at £1850 – exactly the same as the 22-year-old Cadenhead dumpy Springbank. This looks like it could well represent a bump up to a new trading level for this bottle, something not underserved considering what a legendary whisky it is.
The Lagavulin Syndicate 38-year-old appears to be holding strong at £1600. Another of quite a few Springbanks in this sale, the 1969 Signatory 28-year-old, performed well at £1150. Similarly, independent Macallans are increasingly chasing their official siblings up the auction levels with three Douglas Laing 30-year-old single casks fetching £1100 and £1050 respectively.
The Ardbeg Mor 1st edition was back on strong form at £900. And the long-awaited inaugural bottling of Daftmill single malt looks like a strong future classic, trading as it is already at £625. The Ardbeg 1975 and 1977 official vintage releases at £600 and £575 respectively showed good solid growth for these old classic bottlings.
Other strong results were a 1947 White Horse for £490, although for the historic nature of this liquid this also still seems like a good price for a drinker as well. The Cragganmore 17-year-old Manager’s Dram and the Glen Elgin 16 Manager’s Dram both did well at £450 and £525 respectively. This whole series is on the upward move so it’s nice to see these two slightly underrated examples getting the attention they deserve.
Similarly, Glen Ord, another seriously underrated distillery, saw one of the best examples ever bottled fetch an impressive £410. Although, if you ask me, this still represents good value for the liquid. Old Balblairs are another area where plenty of examples were arguably too cheap for too long, it seems this is changing as well. The 1974 ‘Highland Selection’ Balblair fetched a solid £390.
Although, at the same price levels one of the bargains of the sale was the Strathisla 35-year-old Bicentenary for £390. Given this is known to be a 1947 Strathisla it’s a terrific price for a drinker. Similarly, the Ardbeg 1974 23 year old by Signatory for £360 was also something of a steal.
Looking further down the sale there is the usual mix of solid consistency, some bewildering results – I still don’t get why people are paying £280 for a litre of 1990s Scapa 10-year-old – and a tiny smattering of bargains. A Glenlochy 1980 27 year old by Part Des Anges looks good at £270 and a rare Laphroaig 10-year-old bottled for Japan around 1990 also looks good at £245.
Largely though, scrolling from around the £300 – £80 level of the sale, you’re mostly reminded of just how much has changed on the secondary market over the past two years. Bottles like litres of old 15-year-old Glendronach. The kind of thing you used to be able to pick up for £40-60 for so long, now trading at £130. While at the same time you can still get bottles like Tormore 1983 28 year old by the SMWS for £135. It’s a funny old whisky world. Thankfully it’s still also a lot of fun!
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