Cask of Macallan 1989 sells for £242,000

Highlighting the growing strength of the rare whisky market, a cask of Macallan 1989 went under the hammer for £242,000 at an auction in Blackpool last week.

This cask of Macallan 1989 sold for £242K last week

Believed to be a world record for a cask of 1989 whisky, the £242K sum was achieves after an “epic bidding battle that lasted over four hours,” according to Whisky-Online Auctions, which managed the sale.

The cask, a refill Sherry hogshead, has been maturing in one of Macallan’s bonded warehouses since being filled in January 1989, and is the oldest of a series of Macallan casks auctioned by Whisky-Online.

The sale is an astonishing return on investment for the previous owner of the 52.75% abv cask, who paid £2,700 for it in 1994.

Illustrating how prices for old and rare whisky casks have surged over the last few months, a similar cask of Macallan 1995 sold for £52,100 – less than a quarter of the price – last November.

“This was a superb sale. Macallan is a blue chip distillery known for its Sherry casks, so it’s ideal for auctions like ours that specialise in quality older whiskies.

“It is great to see this level of demand for casks of single malt from serious auction buyers,” said Wayne Ormerod, founder of Whisky-Online Auctions.

“There were multiple bidders who were determined to secure the cask, which is why the auction kept extending and it ended up going for such a fantastic price.

“We’ve been auctioning rare bottles of whisky for several years, so when the opportunity to start auctioning casks came along it seemed like a natural progression. We’ve been surprised by just how successful it’s been,” he added.

Whisky-Online Auctions began selling bonded casks of single malt last July. In addition to Macallan there has been interest in casks from Isle of Jura, Tullibardine and Arran.

“A cask of aged Macallan is an increasingly historic and valuable asset and will always fetch high prices, particularly as the old Macallan distillery will be closing later this year after production is switched to the new facility. That makes these casks representing the distillery’s golden era even more special,” Ormerod said.

“This is a new and rapidly-growing part of our business and we expect these extraordinary prices will attract many other cask owners keen to find out how much their own liquid gold could achieve at auction,” he added.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Supply Chain Supervisor

Speciality Drinks
UK, UK

Sales Manager

Stilnovisti
London, UK

Regional Key Account Manager - On Trade

Lanson International UK
South of England, UK

Private Account Manager

Jeroboams Wine Merchants
London N1, UK

Sales Role

JF Tobias
London, UK

Events Assistant

Decanter
London, UK

Head of Marketing

Decanter
London, UK

Market Manager - Asia

Wines of South Africa
China,

Administrative Assistant – Private Clients

Howard Ripley Ltd
Barnes, London, UK

Sales Account Manager

Berkmann
Buckinghamshire, Oxfordshire, Berkshire, UK

Prosecco Springs

London,United Kingdom
26th Apr 2018

Spirits & More

Rome,Italy
19th May 2018

db Awards 2018

London,UK
23rd May 2018
Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more