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Posted on 9 February 2018 | 9:17 am by tcs_admin

A record £25 million of rare whisky was sold at auction in the UK last year as older liquid continues to command higher prices. During 2017 the volume and value of Scotch whisky sold at auction is reported to have increased by record amounts. The value of collectable bottles of Scotch sold reached £25.06m ­– an increase of 76% on 2016 when £14.2m sold. The number of bottles sold, meanwhile, increased by 42% to 83,713. Andy Simpson, director and co-founder of Rare Whisky 101, which compiled the findings, said: ‘We were fully expecting to break £20m for the first time. However, £25m shows the level of pure demand in the market at the moment. ‘The volume of bottles on the open market is at record highs, but demand for the right bottles, for now at least, continues to exceed these record levels of supply.’ The most expensive bottle to sell during the year was a 62-year-old Dalmore – one of only 12 bottles released – which fetched £91,650. The amount fell short of the S$250,000 (£125,000) paid by a traveller at Singapore’s Changi Airport for another of the 12 bottles in 2011, highlighting the boom in demand for luxury whiskies in the Far East at the time. David Robertson,...

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