Mark Vergenes’ Post

The number of whisky bottles traded at auctions and their combined value in 2024 Q3 was exceptionally low. At the same time, auction prices for Scotch and Irish whiskey remained relatively stable. The latest Whiskystats Quarterly Report is now available to download at https://lnkd.in/dBHjV6YT

This year’s Whisky Intelligence report uncovers a 16% drop in global secondary whisky sales, with the average auction price per bottle dropping from £370 to £363. The whisky market is now in decline, with no sign of an upturn yet. Read the whole report here: https://lnkd.in/e4dj6pjx

We’re pleased to announce the release of our eighth Noble & Co Whisky Intelligence Report, developed in partnership with Brainnwave. This quarterly update provides a comprehensive analysis of the fine and rare whisky auction market. Our takeaways: - Auction Market Challenges: Total value and volumes fell by 50% over the period versus the same period last year, with declines across all price segments. - Shifting Buyer Behaviour: Bottles auctioned for under £1,000 now account for 51% of total value transacted, up from 43% last year. - Savvy Collectors: Bottles over 50 years old saw a significant increase in the volumes remaining unsold, reflecting collector caution and signs of them holding on until better times return. - Price Drops: Average bottle prices fell 19% year-on-year, with volume declines driving down market values. A large part of this is due to the shift to higher volumes at lower prices. - Market Resilience: Despite the downturn, Glenfarclas and Port Ellen showed positive growth, while The Macallan retained its dominant brand market share, albeit with a 34% decline in absolute value transacted. As we look ahead, we’re closely monitoring the macroeconomic environment to gauge the potential for market recovery. For a full breakdown of these trends, download the report. 🔗https://lnkd.in/eBTmR3ew Our thanks to those that supported the publication of this report: The Macallan Scotch Whisky Auctions Ltd Sotheby's Bonhams Aste Bolaffi MALTDAQ Just Whisky Auctions Speyside Whisky Auctions Limited Prestige Whisky Auction Ltd Whisky.Auction Glenkeir Whiskies Ltd Thought Collective Martha Moger #WhiskyMarket #AuctionTrends #WhiskyIntelligenceReport #WhiskyCollecting #NobleAndCo #Brainnwave #FineAndRareWhisky

The fine and rare whisky auction market is likely to “remain challenging” in the near term as volume declines continued to accelerate, according to findings from financial advisory firm Noble & Co. https://lnkd.in/efe9Q-uR

Since the secondary whisky market peaked in early 2022, trading activity for secondhand whisky has been on a steady decline, a trend that continued into the third quarter of 2024. The number of whisky bottles traded at auctions and their combined value in 2024 Q3 was exceptionally low, even when taking into account the seasonality effect of the (northern hemisphere) summer months. At the same time, some market segments showed clear signs of stabilisation. Auction prices for Scotch and Irish whiskey remained relatively stable from June to September or even gained slightly. Brands that saw their secondary market bottle prices fall significantly over the past two years now see their auction price indices moving into what appears to be a sideward trend. The most notable examples are Macallan and Springbank, both of which closed 2024 Q3 with an auction price index plus. Post-COVID asset inflation drove prices for collectable whiskies to new and sometimes dramatic heights in 2021 and 2022. Affected by the changes in the macroeconomic climate, the secondary whisky market then stumbled into a correction phase. After two years of falling prices, the first signs of stabilisation appeared in the summer of 2024. It will be interesting to see if that stabilisation continues when the trading volume picks up again during the upcoming peak whisky-trading season. I hope you enjoy our 2024 Q3 report. Please read on to discover how Whiskystats can help you navigate the whisky market. Cheers,

Looking to build a whisky collection in 2025? I reached out to six leading auction specialists for their expert insights into today's market. The secondary market has undoubtedly softened, but their carefully selected bottles have demonstrated remarkable resilience compared to many modern releases. With premium bottles now available at 2021 price levels, the current market presents some compelling opportunities. From vintage Macallan to rare Brora releases, their selections paint an intriguing picture of where value might lie in today's market. What's particularly interesting is how their choices focus on established, historically significant bottles rather than recent limited editions. Are you considering entering the whisky investment market, or looking to expand your collection? You can read their full insights here: https://lnkd.in/df7G6Jtd With thanks to: Beau Wallace - The Grand Whisky Auctions Joe wilson Wilson - Whisky Auctioneer Yuri Bronzina - Just Whisky Auctions Thomas Gardiner - Scotch Whisky Auctions Ltd Jonny Fowle Fowle - Sotheby's Daniel Milne - Whisky Hammer https://lnkd.in/df7G6Jtd

Curious about the latest trends in the whisky auction market? 🥃 Higher End bottles: Bottles sold for between £10,000 to £100,000 saw sales continue to generally do well, including multiple sales of The Macallan’s Archival Series Folio 1-7. 🥃 Average Prices by Region The average price for bottles varied heavily by region, with Speyside leading the way at £721.37, followed by Lowland at £522.10. 🥃 Reserve Pricing More long term collectors are sticking to reserve prices more, and the number of bottles flipped have reduced in the near term as demand hasn’t been as high as last year. Dive into our latest article to discover what’s shaking things up in the world of whisky right now! https://lnkd.in/eKr96EWh

Reflecting on the innovative spirit of Lawless Distilling and Royal Foundry Craft Spirits as their chapters in Minneapolis have closed. The auctions of their equipment have passed, marking a transition but also a celebration of their contributions to the craft spirits industry. Were you part of these pivotal auctions? Share how these experiences have impacted your professional journey or business strategy. 🥃🔗 https://lnkd.in/gkdxf5uP #CraftDistilling #BusinessTransition #LegacyInnovation

Vodka Maker Stoli's US Companies File for Bankruptcy after Cyberattack. Beyoncé Can now Push Forward with Trademarking Blue Ivy's Name after 12-year Battle. Michael Kors Scores 5 Million RMB Damages in Beijing Trademark and Unfair Competition Case. https://lnkd.in/eeYmhDwW

The Cucumber Market Crisis: Understanding the Price Drop in Almería In the province of Almería, Spain, a significant drop in the average auction price of Almería-type cucumbers has been observed. From a high of €0.90/kg in late October 2023