Another raft of impressive prices were realised in our latest auction. The top item was, as expected, the cask of 1989 Macallan which fetched £90,100 – slightly higher than recent similar Macallan casks suggesting they may well be on the rise again as appetite remains undimmed. Perhaps more tellingly was the full set of Millennium Springbanks which hit £21,100, a record for this set by some distance. Given the way, prices have been going for older Springbanks recently this is hardly surprising. Hard to believe you could pick up a complete set for under £6000 a couple of years ago.
A second edition Black Bowmore was similarly impressive at £13,100. Although, given the track record of this series in recent times, these kinds of results are no longer that surprising. Neither was the £8400 paid for the Sherriff’s Bowmore 8-year-old pear-shaped. A stunning whisky of legendary repute which explains the serious prices people are clearly willing to pay for such a whisky. These kinds of bottles will likely never be cheaper again given their scarcity.
In fact, the whole upper end of the auction was a string of examples of these kinds of serious yet unsurprising prices for remarkable bottles. The UK version of the famed Samaroli Springbank 12-year-old at £10,100 is another perfect example. As is the Jura 1964 Cadenhead Dumpy for £3300. It seems these days that any bottle of seriously perceived whisky that rarely sees the secondary market is bound to fetch a hefty four-figure sum minimum. With many increasingly entering the five-figure range – some jumping there with rather staggering speed in recent months.
Of course, it isn’t only malts that impress. Famous blended brands such as the Islay Mist also do exceptionally well whenever they turn up – the 1950s bottling at £3600 being a particularly rare and pristine example. Given the repute of these whiskies, I’d almost say this price was on the soft side but it’s probably best not to start getting into the mindset of £3600 for a bottle of whisky being cheap.
The Macallans were all as you might expect price wise, as was the 1970s Laphroaig 10-year-old at £2150. Perhaps more interesting was the Ardbeg Provenance at £2250. It has taken a slow and winding time for the Provenances to reach this price point and they do seem slightly out of kilter with the more expensive sibling Ardbeg bottlings from the late 1990s. Given the quality of the Provenance whiskies, I wonder if they aren’t going to jump up another level in price within the next six months or so?
One of the most beautiful bottles in the sale was no doubt the Old Pulteney bottled by Cadenhead in the 1960s at 85 proof. A stunning and rarely seen whisky, this one is one of a few of this bottling that have found their way to market over the past year or so which explains it’s slightly softer £1800 result. However, this is still an impressive price which demonstrates the demand for older bottlings from the famous bottlers such as Cadenhead. Especially unusual ones such as this Pulteney.
The Lagavulin Syndicate 38-year-olds are all holding well at £1550. Once the initial supply of these bottles to the market has dried up I suspect the price of this one will start to climb fairly significantly. Something of a surprise at the same price tag was the Littlemill 1964 32-year-old distillery bottling from the 1990s. No doubt the recent uptick in interest for Littlemill and other closed distilleries, in general, helped this one along its way.
Demand for older Gordon & MacPhail bottlings also appears to remain undimmed with the Talisker 1967 100 Proof and the Highland Park St Magnus fetching £1550 and £1500 respectively. These are hefty prices, but given the great filling levels, general condition of the bottles and stunning reputations of the whiskies, these seem like fair prices for these whiskies in today’s market. If you can afford to bid at these price levels I think these are no-brainer bottles to go for.
Other notable results around the £1000 mark were the 1966 Macallan Speymalt by Gordon & MacPhail at £1300. A strong result for this bottling and maybe a sign of higher interest in Speymalt series – an inevitability given their repute, content and the price of similarly aged official Macallans.
There was the Laphroaig 1968 Hart Brothers at £1250, the Ardbeg 1974 Signatory at £1300 and the Springbank 1979 Cadenhead white label at £1150. All of which were strong results for these particular bottlings.
Going down through the middle of the sale stand out results include the Signatory 1974 Bowmore at £825, the Glendronach 1960 23-year-old Connoisseur’s Choice at £825 and the Glen Garioch 1970 27-year-old single cask for £825. All of which are something of a climb on recent results for these bottlings.
The Lagavulin 1984 – 1995 SMWS 111.3 bottling at £800 also demonstrates just how powerful the combination of a big name distillery and a rarely seen SMWS bottle number can be. A similar whisky of that age and vintage from another bottler wouldn’t have climbed that high. Just as a 1960s bottle of Jameson Crested Ten Irish Whiskey at £725 demonstrated that demand for older Irish Whiskeys is starting to increase significantly. No doubt the surge of excellent older bottlings on the market, coupled with increased global interest and many new distilleries starting up is fuelling new collector interest.
Even in today’s market Macallan can continue to surprise. A pair of standard 1990’s 10-year-olds at £575 apiece seems eye-wateringly daft. Especially when there’s a Highland Park 1973 SMWS 4.87 just beneath it for £525.
All in all, this was a strong sale with a wide spread of excellent bottles – quite a few of them scarcely seen in today’s secondary market. As a result, prices were pretty high across the board. Even for bottlings, you might not think much of on the face of it. For example, a 1978 21-year-old Glenlossie at £310 seems pretty steep. But this just demonstrates the breadth of the buying audience that exists around the world for good old malt whiskies these days. It doesn’t look as if things are going to change anytime soon. Until next time.
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!
The Macallan single malt whisky has unveiled a new premium gifting series, inspired by the brand’s commitment to exceptional oak casks, featuring a range of whiskies in the current portfolio. This celebration of wood highlights the oak casks which deliver 100% natural colour and account for up to 80% of the character of The Macallan.
The Macallan’s commitment to wood is unrivalled in the industry. From each acorn and individual tree, through to the selection of the sherry bodega that seasons the cask to their specifications, this obsession ensures The Macallan produces exceptional whiskies with rich colour and flavour delivered from the casks.
This new series, which features three distinct designs, is to be released sequentially over the next three years, beginning with Oak Forests.
The limited edition Oak Forests value added gift packs include The Macallan Gold Limited Edition Carton, The Macallan Gold Limited Edition Tin, The Macallan Gold Limited Edition Glass Pack and The Macallan Amber Glass & Water Jug Pack.
Available for a limited time only, this gifting series makes for the ideal gift or a collectable for any Macallan whisky enthusiast and has real standout appeal. The use of stunning photography showcased on these limited edition packs will appeal to those who love The Macallan and those looking for that special gift.
This single footprint carton box has a striking image which explores the journey of wood throughout the pack. The photography features on the limited edition label to help drive collectability and shelf-standout. The Macallan Gold Limited Edition Carton will be available from Sainsbury’s and Asda from September 2016.
A single footprint limited edition presentation pack made of tin with striking imagery reflecting an exploration of the journey of wood theme throughout the pack. The outer packaging will be collectable with the option of use by the consumer after purchase. The photography on the limited edition label will help drive collectability. The Macallan Gold Limited Edition Tin will be available from Waitrose and Tesco from September 2016.
This double footprint limited edition rigid box has striking imagery which explores the journey of wood throughout the pack. The pack contains two etched whisky glasses inspired by the oak used to craft The Macallan’s exceptional casks. Distinctive glasses will be released annually to drive collectability. The Macallan Gold Limited Edition Glass Pack will be available from specialist and luxury whisky retailers from November 2016.
This double footprint limited edition rigid box has striking imagery which explores the journey of wood throughout the pack. The glassware is bespoke to this limited edition, with wood etching featured on both The Macallan glass and water jug. Distinctive glasses will be released annually to encourage consumers to collect the series. The Macallan Amber Glass & Water Jug Pack will be available from specialist and luxury whisky retailers from November 2016.
The Macallan Gold value added gifting packs are available for an RRP of £38. The Macallan Amber value added gift pack is available for an RRP of £48.95.
Issued by BIG Partnership on behalf of Maxxium UK, for further information, please contact:
Sotheby’s has auctioned a bottle of The Macallan 1962 from its fine and Rare collection, distilled the same year as the first Bond film was released, achieving an impressive £9,635.
Since this prestigious single malt whisky featured in key scenes in SKYFALL, the highest-grossing Bond film ever, The Macallan is thrilled to be part of its celebration and achievement by donating the rare bottle of whisky to the auction that commenced at this morning. The bottle auctioned featured a unique signed label that included signatures from Bond himself, Daniel Craig, along with Javier Bardem and Bérénice Marlohe.
All proceeds of the auction will be donated to charities that support members of the British security and intelligence services, selected by Prince Charles to benefit from the SKYFALL world premiere held in October 2012.
David Cox, Director of Fine and Rare Whiskies, Edrington, owners of The Macallan, said “We are delighted with the result of today’s auction. Following on from The Macallan’s ‘cameo’ in SKYFALL we were honoured to be able to take part in this prestigious, Finest & Rarest Wines sale and are ecstatic with the amount raised. The charities that will receive the monies raised are very fitting and will help support members of the British security and intelligence services.”
Today The Macallan is one of the world’s most collectable whiskies, sitting at the top of the auction table and the owner of the current Guinness World Record™ for the most expensive whisky ever sold at auction.
“The Macallan is a First Growth Malt, the tops, with all that this means in terms of excellence and excitement” comments Serena Sutcliffe MW, Sotheby’s International Head of Wine.
For further information please contact either:
Sarah McDonald or Sarah Bailey at The BIG Partnership via email at firstname.lastname@example.org or telephone 0131 557 5252
Sotheby’s Wine auctions in 2012 brought an overall global total of $64,462,965. Sotheby’s overall total of $88.27 million for global wine auctions in 2010 is the highest in the company’s forty-two years of wine auctions. 2011 brought an overall global total of US$85,467,096. The Lafite Ex Cellars sale – of First Growth Bordeaux directly from Château Lafite-Rothschild – held by Sotheby’s in Hong Kong in October 2010 set a new record for a single standard sized bottle at auction when a bottle of Château Lafite 1869 sold for $232,692. This means that Sotheby’s now holds the world records for a standard bottle, a bottle in any format – the Jeroboam of Château Mouton Rothschild 1945 which fetched $310,700 in February 2007 in New York – and any wine lot at auction – 50 cases of Château Mouton Rothschild 1982 which sold for US$1,051,600 at Sotheby’s New York in 2006.
Sotheby’s has been uniting collectors with world-class works of art since 1744. Sotheby’s became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby’s presents auctions in 10 different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby’s BidNow program allows visitors to view all auctions live online and place bids from anywhere in the world. Sotheby’s offers collectors the resources of Sotheby’s Financial Services, the world’s only full-service art financing company, as well as private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby’s Contemporary Art department, and two retail businesses, Sotheby’s Diamonds and Sotheby’s Wine. Sotheby’s has a global network of 90 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).
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