How Scotch made its mark on the secondary market
“When Liv-ex issued its regular round-up of its most traded items on 14 January this year, the usual suspects were front and centre: Rousseau Chambertin-Clos de Bèze, Cristal, Guigal, DRC… and a 45-year-old single malt whisky from Dalmore.
Rare and collectable Scotch has been hitting the headlines for a while now, with auction records smashed on a regular basis – particularly in 2018, when a number of bottles of 60-year-old Macallan from 1926 came under the hammer. We had the first million-dollar whisky at auction and then, within a matter of months, the first million-pound bottle.
Whisky is now a staple of the auction scene. In 2021, spirits accounted for 16% of total auction revenues for Sotheby’s wine and spirits, including single owner sales for Macallan and Dalmore. Such specialist whisky auctions would have been unthinkable for the company only a few years ago.”