Last Drop Scotch whisky plays on rarity
If collectors, investors and well-healed drinkers are looking beyond Bordeaux, one category benefiting is rare Scotch, and not just single malt.
Six years ago, industry veterans James Espey and Tom Jago launched their first Last Drop Scotch whisky – a blend of 40 malts distilled in 1960 with just 1,347 bottles available. “In 2008 it retailed for £1000,” said Espey. “Now, if you can find a bottle, it would be at least £2,500.”
Since then a 1950 Cognac and 50 year-old Scotch blend have been released which “Fine & Rare Wines sold sixty bottles of in the last couple of months,” said Espey.
“The rarity is a great appeal and this, combined with the quality of the product is what, I think, drives the success,” explained Fine & Rare director, Joss Fowler.
“There is a little bit of romance about it too, and it can’t be replicated.”
The spirits are being bought by private customers on the lookout for “something a little different,” said Fowler.
Asked if there was a definite move among investors from Bordeaux to spirits, he replied: “I wouldn’t say there’s a shift, though investors are looking at whiskies in particular. Again it is rarity and quality that appeal.”