Foreign collectors boost whisky sales at McTear’s

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Rare malts are in demand

Whisky auctioneers McTear’s have announced that American and Far East whisky enthusiasts led to a huge increase in sales last year.

The Glasgow-based firm told The Scotsman that they saw sales of rare malts increase by 32% in 2010.

Managing director Brian Clements told the newspaper: “Over the past few years, we’ve seen interest in our whisky auctions increase dramatically, as more and more investors at home and overseas turn to the amber nectar as a promising investment opportunity.

“Investors are looking primarily at rare bottlings of ‘the big five’ – Macallan, Bowmore, Highland Park, Springbank and Ardbeg.”

He added: “In recent years, investment returns on many of these bottles have proved to be more lucrative than a number of other, more traditional, sectors.”

Clements said that highlights from last year’s auctions included a bottle of 50-year-old Glenfiddich selling for £10,600, a half-bottle of 1927 Springbank fetching £2,583 and a 1938 Macallan going for £1,820.

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