Macallan goes from strength to strength on the secondary market today and the top end of our latest sale only serves to underpin this fact. Results like the Macallan 1938 for £12,000 , breaking the previous record price recorded in our April sale two months ago of £11,600. The 1965 Anniversary Malt at £3500; the Annie Leibovitz Masters of Photography at £4000 and the Private Eye at £3200 were just a few of the universally impressive results for this zeitgeist distillery.
However, perhaps more interesting and illuminating was the Bowmore 1969 Fecchio & Frassa single cask which finished up at £7600. A deeply impressive result which builds on sister cask 6639 which we sold in November last year for £5500. The desire to posses these legendary and rare old bottlings of incredible whisky is skyrocketing just now, but likewise the knowledge and understanding of these whiskies is also becoming more widespread.
Also interesting was the Glen Grant 10 year old bottled in the 1960s by Peatling & Cawdron. An extremely rare and interesting example of the old classic Glen Grant labelling which fetched a whopping £2600. Not so long ago bottlings such as this one very rarely went outside the £400-600 range. This is a good example of how desirability is beginning to step outside the more obvious distilleries as knowledge and understanding of these old rarities increases across a wider range of wealthy buyers.
There were a few interesting Ardbeg results such as the 1974 single cask 5666 for £1950 – suddenly the £500 retail price in Oddbins doesn’t seem quite so steep. Then there was the 1966 Cadenhead 32 year old Ardbeg for £1800. Both these bottlings – amongst others – seem to have been at this price point for a while now. It’s likely we’ll soon see these sorts of Ardbegs jump up another level in value I suspect.
The old Andrew Usher Green Stripe from around 1900 hit a very respectable £1650. It’s always a pleasure to find bottles such as this one – true pieces of liquid history help brighten any whisky auction. Other notable four figure results were the Rare Malts 1977 Brora at an unusually impressive £1300. And, in what is likely the most expensive Pittyvaich ever, the 1974 26 year old single cask by Kingsbury fetched a mighty £1250. Every distillery has its legendary bottling and this, unequivocally, is Pittyvaich’s.
Dipping below four figures there were some solid results for the likes of Laphroaig 30 year old with three examples at £1000, £975 and £925. One of the wonderful Oban Bicentenary Manager’s Drams at a hefty £925. And a White Horse Lagavulin at £875, another bottling we’re always happy to see and once again performing consistently well.
At this level of the sale almost everything performed toward the upper end of its market value, although the Talisker 1952 21 year old for £875 did seem like something of a bargain. Goes to show they can still happen even in today’s heady climate.
Manager’s Drams continue their skywards march, a pair of the excellent Clynelish 17 year old fetched an impressive £600 apiece. Similarly bottlings that sat around the £300-400 range for a long time are starting to noticeably jump up. Good examples being the Springbank 21 year old tall bottle at £625, the Macallan Elegancia 1990 at £600 and the Glen Grant 1965 Queens Award at £600. Although, conversely, at this price range there were also a few bottles which seem to have softened a little, although probably only temporarily. Examples being the Macallan 10 year old from the late 1970s at £575; the Lagavulin Distiller’s Edition at £575; and the Glen Mhor 1965 Cadenhead Dumpy for £525.
Other notable results around this end of the auction were the Gilbey’s Redbreast 10 year old from the 1960s for £550 – although interest in older Irish Whiskeys is only bound to increase these days. A pair of 1980 Dailuaine Flora & Fauna cask strengths for £525 each. And a 1930s Gilbey’s Spey Royal blend for £500, this isn’t normally a brand that commands too much at auction but this beautiful old example clearly got bidders interested. Surprising that it edged the 1950s Logan’s at £450. Macallan madness was also alive at this end of the sale as well with old examples of 10 and 12 year olds from the 1990s fetching £430 and £450 respectively. Brand power? Or just plain daftness? Time will tell…
Looking for bargains and once again there are slim pickings. A Glenlivet 1970 Duncan Taylor 39 year old looks pretty tasty at £290 – especially when a 1990s litre of Scapa 10 year old fetched £300! And a Balvenie 1974 15 year old by Signatory was a snip at £220. Although bargain of the sale should probably go to the Talisker 1979 21 year old Cadenhead for £215. But by and large most bottles hit or surpassed their market value. In fact, if this kind of sale proves anything, it is that the notion of a ‘market value’ in an increasingly brief, tenuous and unreliable concept in this day and age of whisky auctioneering. We bid in interesting times no doubt.