Although live auctions are slowly resuming after a long suspension due to the coronavirus pandemic, collectors have continued to acquire luxury collectables in multiple online auctions.
While prospective buyers are increasingly comfortable with the idea of purchasing pedigreed pieces sight unseen, a recent report by Knight Frank Research suggests that collectors prefer to invest their assets in very specific objects of desire.
Rare Whiskey
The market for rare whiskys has grown in value the most over the last 10 years (+564%), with Knight Frank Research noting that collectors continue to seek out rare examples from iconic distilleries such as Dalmore, Springbank, Ardbeg and Lagavulin.
While wine has lost some momentum as an investment prospect (+1% in 2019), a bottle of 60-year-old Macallan whisky from 1926 set an auction record for any wine or spirit in October 2019.
The coveted piece sold for just under £1.45 million (about $1.8 million) during Sotheby's "The Ultimate Whisky Collection" sale, surpassing its pre-sale estimate between £350,000 and £450,000 (around $438,000 and $563,000).
Read also: Rare Dalmore 62 Sold For £266,200 At Auction