Upward trajectory of rare whisky likely to continue through 2024

“Rare whisky continued on its upward trajectory, a new report from Bordeaux Index has said, with prices around 13% higher than the previous year and strong demand continuing.

Although there was a similar number of whiskies listed on its trading platform in 2023 to 2022 – unlike in fine wine where volume dropped “materially” – growth had came at a slightly slower pace.

There were particularly strong performances from Scotch including Springbank, Balvenie and Dalmore, while Macallan performed better in cask than in bottles, it said. where a “more nuanced dynamic” was seen, “partly due to prices of new releases somewhat testing market limit”. As a result, some (though not all) Macallan bottlings would represent good value in 2024, with potential for top Macallan bottlings and sets such as Red, Lalique, which “are now trading too cheaply – especially given recent headlines around old Macallan records”.”

Read the full article on The Drinks Business here.