New Investment Vehicle Offers Promising Returns, High-Risk Of Saying “Screw It, I’m Drinking This”

Investors are bidding up prices of rare single-malt Scotches from distillers such as Macallan, Bowmore, and Dalmore, and Japan’s Karuizawa and Yamazaki. In January, Sotheby’s sold a 6-liter Lalique decanter of Macallan “M” single malt—one of only four made—for a record HK$4.9 million. “I’m not really an advocate of buying whisky and flipping it,” says Heather Greene, director of whisky education at the Flatiron Room in Manhattan, a bar for spirit lovers that offers tasting classes to aspiring connoisseurs. “But I’m getting questions from people asking if they should buy a couple of cases and sell them for double.” According to the Investment Grade Scotch index, published by consulting firm Whisky Highland in Tain, Scotland, prices for the top 100 single malts rose an average 440 percent from the start of 2008 through the end of July this year. That compares with a 2 percent drop in the Liv-ex 100 Benchmark Fine Wine Index and a 31 percent gain in the Standard & Poor’s 500-stock index. [BusinessWeek]

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5 Responses to “New Investment Vehicle Offers Promising Returns, High-Risk Of Saying “Screw It, I’m Drinking This””

  1. guest says:

    go on.
    -rob ford

    • Short, But Long says:

      I don't pop molly, I'm Rob Ford
      International, bring back the Concorde
      Numbers don't lie, check the scoreboard

      Rob Ford, Rob Ford, Rob Ford

  2. gest says:

    this is LATE. fucking LATE

  3. Guest says:

    I reckon that 6 liter bottle of scotch would last about 2 hours in a room salon in Seoul. I guess it just depends on how many Korean hookers, er, "hostesses" there are…

  4. JJ Minihann says:

    Meanwhile , CNBC's talking heads keep telling us there's no bubble in the markets