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!
Senior representatives of the Scotch Whisky Association (SWA) visited Mexico last week (4-7 June) to promote the industry and to sign an agreement with the regulatory body for Tequila.
Mexico is a rapidly growing market for Scotch Whisky, with exports increasing 20% last year to reach £110 million. It is now the ninth biggest overseas market for Scotch.
Demand from aspirational consumers has helped make Scotch one of the fastest growing UK exports to Mexico, representing 8% of all UK exports to the market.
On Friday 6 June, David Frost, SWA chief executive, delivered a talk in the Mexican city of Guadalajara. He gave an overview of the SWA’s work to protect and promote the Scotch Whisky industry around the world, including its commitment to sustainability.
The Scotch Whisky industry launched its ambitious Environmental Strategy in 2009 and it is well on course to meet its targets. For example, use of non-fossil fuel for energy has increased to 16% from 3% since 2008 and greenhouse gas emissions have been reduced by 10%. The target for 2050 is for 80% of energy to come from non-fossil fuel.
David Frost also discussed the benefits of Scotch Whisky’s status as a Geographical Indication. This means, by law, Scotch can only be made in Scotland from cereals, water and yeast according to strict legal requirements.
While in Guadalajara the SWA signed a Cooperation Agreement with the Consejo Regulador del Tequila – the Tequila Regulatory Council (CRT). The agreement is designed to protect two globally recognised, iconic spirits and consumers. It will encourage greater co-operation in a range of areas, such as fair competition and promotion of responsible drinking.
David Frost and Alan Park, SWA legal affairs adviser, also met government officials in Mexico City to discuss issues relevant to the Scotch Whisky industry.
David Frost, SWA chief executive, said: “The Cooperation Agreement with the Tequila Regulatory Council will help Scotch Whisky and Tequila work together to improve market access for both spirits and protect their reputation for quality.
“Mexico is an increasingly important market for Scotch Whisky – exports reached £110 million last year and it is now a top ten market. It is good to share the success of the industry with a range of audiences in Mexico and discuss the importance of protecting Scotch Whisky worldwide.
Duncan Taylor, Her Majesty’s Ambassador to Mexico, said: “Mexico is the UK’s second largest trading partner in Latin America and is a key strategic market for the UK. Scotch whisky is one of the UK’s fastest growing exports to Mexico, and I am delighted to see this cooperation between the Scotch whisky and tequila industries, which I am confident will lead to further growth in trade between our two countries”.With media enquiries please contact David Williamson at the Scotch Whisky Association on 0131 222 9226/07730 496 151 or email firstname.lastname@example.org.
The SWA is the trade body for the Scotch Whisky industry.
The CRT is the regulatory body for the Tequila industry in Mexico. It protects and promotes Tequila.
10 Jun 2014
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 email@example.com 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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