There’s more good news for investment-minded collectors of high-end Scotch whisky.
Market analyst Rare Whisky 101 has released its half year report, which shows the value of collectable Scotch has grown 93.6% compared with this time last year.
The high-end Scotch market is undergoing unprecedented growth
The number of bottles sold in the UK increased 47.2%, from 26,527 to 39,061 - achieving a combined record of £11.7m ($15.1m).
The research follows on from the news that sales for April and June were up 70%.
Andy Simpson of Rare Whisky 101 explained: “At a brand level, individual producers are continually pushing the prices of their premium aged stock.
“Couple this primary market price inflation with increased global demand and declining stocks of discontinued bottles, and we still look to be in the ‘perfect storm’ for the right bottles to continue appreciating in value...
“With so little significantly aged stock still maturing in the cask, it’s unlikely we’ll see prices easing for rarities in the short to medium term.”
Much of the demand is driven by emerging markets in Asia and the Americas, where buyers are quickly cottoning on to the idea of whisky as an investment.
Simpson expects the market to hit £20m ($25.9m) by the end of the year. Looking at those numbers, it’s difficult to disagree.
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