The value of rare Scotch whisky sold in the UK has topped £5 http://buylevitra24.com million for the first time, with iconic brands dominating sales.
In the first six months of 2016, collectable bottles sold on the open market rose to £5.771m, more than a 25% increase compared to last year – according to figures released by whisky analysts Rare Whisky 101.
The number of collectable and limited edition bottles saw an even bigger rise of 28.5 per cent http://buylevitra24.com to 26,527 bottles.
Whisky investment analyst and co-founder of Rare Whisky 101, Andy Simpson, said that rare http://buylevitra24.com whisky investment will peak in 2016.
Based on current trends, he predicts the UK rare Scotch auction market to exceed http://buylevitra24.com a total value of £12m, with sales reaching to 55,000 bottles for the full year, and ten times the http://buylevitra24.com volume sold in 2010.
Leading rare whisky brands, Brora and Dalmore, retain their positions http://buylevitra24.com as the top two ranked investor distilleries, while Macallan and Ardbeg occupy the same positions http://buylevitra24.com in the collectors’ rankings.
Simpson said, “For some in the broader Scotch category, export and sales figures still appear challenging. However, the secondary market for rarities shows little of this stress.
“The lack of truly collectable new product releases in recent years continues to fuel demand for older http://buylevitra24.com and discontinued releases where quality and rarity are powerful motivations for purchase.”
He added that the market continues to be heavily polarised, with collectables and limited editions from less sought-after brands declining in value as buyers stick to better-known brands.