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4th October 2017 |
Rare bottle
of Port Ellen 1981 sells at auction for
almost double its estimate.
 It
will come as no surprise to the knowledgeable
whisky drinkers amongst you to hear that
the value of whisky from the closed and
dismantled, Islay distillery, Port Ellen
continues to rise. But the sale of a
bottle of Port
Ellen 1981 at Bonhams whisky auction in
Edinburgh, Scotland today must raise a
few eyebrows amongst whisky drinkers,
collectors and investors as the Port
Ellen 1981 sold at auction for £9,375.
The bottle of Port Ellen 1981 was
purchased by an unnamed buyer for almost
double the Edinburgh auctions price
estimate of £4,500-£5,000.
When the distillery closed in 1983 it
had been in production for just 16 years
after 35 years of closure, so there was
as yet no knowledge of how well Port
Ellen would age - it turned out to be
some of the finest character found on
the island of Islay.
The 36 year old Port Ellen 1981 whisky
which was bottled at 50% ABV was
auctioned independently by a private
owner. The single cask, Cask No. 1297,
which the bottle was drawn from, was
purchased by the owner as part of
Diageo’s ‘Casks of Distinction’. As part
of this programme, Diageo gives selected
private clients the chance to purchase
single casks that have extraordinary
quality and character. As each cask is
entirely unique, patrons become the sole
owners of some of the rarest whiskies
ever to be released from Diageo’s
extensive collection.
Since December 2012, prices of Port
Ellen have increased by +128% - soaring
from as little as £100 two decades ago
to today’s £2,500 per bottle, with
scarcity being the main driver of the
consistently escalating prices.
How much more stock of Port Ellen have
Diageo got sitting in their warehouses,
only time will tell but one thing is for
sure from today's auction result if you
want to purchase a bottle of Port Ellen,
whether it is for drinking, collecting
or as an investment you should do it
sooner rather than later the way prices
are going.
If you fancy getting your hands on a
bottle of Port Ellen before the prices
are out of reach you will find a
selection available from
specialist online whisky shops such as
Master of
Malt
and
The Whisky Exchange
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