The Rare Icon whisky index of the 100 top auction-traded bottles of rare whiskies has more than quadrupled in the past decade
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The Rare Icon whisky index of the 100 top auction-traded bottles of rare whiskies has more than quadrupled in the decade to the end of last year, according to data from Rare Whisky 101. But that rise masks a range of performance among distilleries. Age matters, but so does branding. An index of Springbank bottles, from the Campbeltown area on the Kintyre peninsula, has done even better, up almost six times in the same period.
Although many buyers prefer bottles, the cask market has gained in prominence among collectors. Casks vary in size, holding several hundred or perhaps 1,000 bottles. That enables deep-pocketed enthusiasts to invest millions. One special cask of 1975 Ardbeg, owned by luxury group LVMH, sold last year for £16-million.
Who are the buyers? Andy Skene both trades whiskies and matures these in special barrels for his clients. “I notice that from my online sales, the priciest bottles [and casks] go to Asia.” “One person called me about setting up an ETF [exchange-traded fund]” using his indexes, he complains, pointing out that both classic cars and fine art did better than whisky last year.
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