You are here: Home - Investing - Experienced Investor - News -

Incredibly rare whisky smashes $1m auction record

Written by:
A single bottle of whisky fetched over $1m (£800,000) – the most ever paid for Scotch.

The incredibly rare Macallan 1926 Valerio Adami 60 Year Old was sold at $1,072,000 (£825,000) breaking the former world record hammer price of $912,000 set only in October 2018. It attracted bids from collectors across 11 countries, including the UK.

It formed part of the largest ever private collection of whisky, consisting of over 3,900 bottles of primarily single malt Scotch whisky from distilleries including The Macallan, Bowmore and Springbank.

It also included bottles from some of Scotland’s lost distilleries, including Old Orkney from Stromness Distillery and Dallas Dhu. Some of the bottles had never been seen at auction, or by whisky experts.

The ‘perfect collection’ was built up over two decades by American private collector, Richard Gooding, who died in 2014.

Until recently, it had been housed in Mr. Gooding’s ‘pub’ – a dedicated room located in his Colorado family home.

His wife, Nancy Gooding, said: “It was clear to us as a family that collecting Scotch was one of Richard’s greatest passions. He loved every aspect of it; from researching the many single malt distilleries to visiting them and tasting their whiskies.

“Richard truly loved and was proud of his collection and enjoyed sharing it with friends and fellow Scotch lovers in his ‘pub’ at home.”

The collection was expected to fetch between £7-£8m, split between two auctions (February and April).

Sold online by Whisky Auctioneer from Perthshire in Scotland, the first part of the auction this month saw 1,642 bidders from 56 countries around the world.

Another record-breaking sale was the Macallan 1928 Anniversary Malt 50 Year Old which had a final hammer price of $119,863 (£92,000), beating the previous record of $93,819 in October 2019.

A 201 bottle collection from The Macallan distillery reached a total hammer price of $2,559,218 (£1,997,000).

‘With auctions, anything can happen’

Iain McClune, founder of Whisky Auctioneer, said: “We always knew The Perfect Collection by Mr. Gooding could make whisky history, but with auctions anything can happen.

“Not only was the highest ever sale price for Macallan 1926 Valerio Adami achieved at over a million dollars, Whisky Auctioneer became the first online whisky auction to sell a million dollar bottle, with multiple other lots achieving hammer price world records.

“All in all the first part of the collection sale achieved $4,277,000 (£3,290,000) of sales over 1,932 bottles.”

Related Posts

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
petrol prices rise
Wet weather and rising pump prices see shoppers cut spending

Drivers curbed their spending on fuel as pump prices surged, while the wet weather also impacted retail sales, according to...