We are delighted to publish our sixth Noble & Co Whisky Intelligence Report, in partnership with decision intelligence firm Brainnwave. In the report we review the performance of the fine and rare whisky at auction market. The key highlights are: - Volumes at auction are in decline, down by 11% in Q4 2023 vs Q4 2022 - This is mostly being seen in lower-priced bottles, with volumes of bottles selling for £100-£1,000 down by 11.4% and £1,000 to £10,000 down by 9.4% - Average prices are rising but this is predominantly a mix shift due to the weakness at the lower-priced end of the market - Volume declines worsened through December and January, even accounting for seasonality.?Bottles selling between £100 and £200 were down by 20% in December 2023 vs December 2022, and 21% in January 2024 vs January 2023 - Most of the major brands have seen significant brand declines. The Macallan noted a very strong value in the quarter due to the sale of The Macallan Valerio Adami bottle - Our data shows that bottles that are “unsold” at auction are not increasing significantly in number overall. This implies sellers are being more careful in putting bottles to auction in a more fragile market - Overall, it is clear that the macro-economic climate is weighing on the auction market. If 2024 is a year of economic recovery, this may feed through to the auction market. - We now have 905,025 bottle sales in our dataset and over 20 million datapoints The full report can be downloaded for free here https://lnkd.in/eBTmR3ew Our thanks to all of those that partnered and assisted on the creation of this report. Our thanks to The Macallan; Sotheby's; Bonhams; Aste Bolaffi; Speyside Whisky Auctions Limited; Prestige Whisky Auction Ltd; Scotch Whisky Auctions Ltd; MALTDAQ; Volpe & Castello Limited; Just Whisky Auctions; Whisky.Auction; The Whisky Shop (Glenkeir Whiskies Ltd); Thought Collective; Martha Moger #Scotchwhisky #auctions #fineandrare #bottles #analysis
Really interesting report. Thanks for sharing!
Nice one Duncan McFadzean - I can't wait to see when Endless West feature in one of these reports !