WHISKY MARKET
History
At the end of the 15th century, a monk from Fife mentioned whisky for the first time. In 1494 he bought over a ton of malt to make the water of life. However, the beginning of the whisky market dates back to 1831, when it was allowed to produce it on an industrial scale. The industry developed quickly.
The value of whisky casks is also growing rapidly, which makes them one of the most profitable investments
In mid-2014 at an auction in Hong Kong, the Macallan cask from 1991 was auctioned for over HK$ 1.9 million. Whisky from the auctioned cask can be poured into 490 bottles, if of course the buyer decides to do so. At the end of 2018, at another Hong Kong auction, a 22-year-old Macallan cask from 1996 hit the hammer. It was sold for over GBP342,000-the price that exceeded expectations. In 2023 November, a bottle of 1926 Macallan bottled in 1986 (a 60 years bottle) with an Italy artist label, was sold at HK$21million which broken the auction record of wine and spirits. The final price is much higher than the expected market price at HKD12 million. One of the main reasons for such high prices at auctions are significant deficits of whisky casks aged over 12 years.
Source : Scotch Whisky Association
Market Situation
The Scotch Whisky Association, citing the HM Revenue & Customs (HMRC) data, announced that Scotch whisky exports increased over the 2.73X times from 2004 to 2022. Currently, the global export value of Scotch whisky is 6.2 billion pounds.
Over the past 10 years, rare whisky prices are up 373% according to Knight Frank Wealth Report
