Last week a rare Scotch whisky sold for £16 million to a private collector in Asia.
The single malt, which dates to November 1975, was produced at the 207-year-old Ardbeg distillery in the Scottish island of Islay.
Known as Cask No 3, the £16 million barrel sold for more then double the price that Ardbeg’s owner Glenmorangie Company, a subsidiary of LVMH luxury group, paid for the distillery and its entire stock in 1997
Some 88 bottles, priced at approximately £36,000 each, will be drawn from the cask each year for the next five years.
From the Financial Times Weekend Saturday, July 9/Sunday. July 10.
Mark Twain has something to say on the topic: “Too much of anything is bad, but too much good whisky is barely enough.”
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