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Scotch whisky
auction sales in the UK continues to
break records.
According to
whisky analyst, broker and investment
experts Rare Whisky 101, the UK auction
market for Scotch malt whisky continues
to see record sales, with the total
value sold at auction surpassing £2
million in each of the last 3 months of
April, May and June.
During these past three months, the
secondary market for rare Scotch malt
whisky has achieved its highest ever
average price per bottle of £286.
21,617 bottles were sold on the
secondary market during this
record-breaking period, versus 12,638 in
the same period in 2016, a 71% increase.
A cumulative total of £6.18M has been
spent on rare whisky at auction compared
to £2.80M in the same period in 2016, an
increase of 121%.
The figures underline the continued
trend of value growth exceeding volume
growth. In the past month (June) alone,
RW101 has noted a 54% increase in volume
and a 94% increase in value of Scotch
malt whisky sold at auction, compared to
June last year.
The figures point to another very strong
six months’ performance for the UK’s
secondary rare whisky market, when
RW101’s half year report is published
later this Summer.
Whisky investment analyst and co-founder
of Rare Whisky 101, Andy Simpson
commented: "Any question as to whether
the recent increases in the rare whisky
market would begin to plateau can, for
now, be summarily dismissed. Even we
wondered whether the market could
continue to expand at such levels,
following another record braking year in
2016. The performance of Scotch malt
whisky at auction over the past three
months has been nothing short of
phenomenal.
"The growing popularity of online
auctions, combined with recent moves by
traditional rare whisky retailers to set
up their own auction sites, continues to
drive demand. By joining the secondary
market sector, these “bricks n mortar”
retailers have finally realised that
they can’t afford to lose rare whisky
customers to the auction market.
"Anecdotally we have seen growing demand
from North America and Asia over recent
times. We have also experienced a
dramatic increase in enquiries from
Asian and USA professional buyers
looking to set up new supply agreements
to capitalise on this dynamically
growing market."
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