Have Whisky Auction Prices Bottomed Out?

Whiskystats Insights Report 2024 Q3 Update - article

The number of whisky bottles traded at auctions and their combined value in 2024 Q3 was exceptionally low. At the same time, auction prices for Scotch and Irish whiskey remained relatively stable. Here is the Whiskystats 2024 Q3 Update.

After two years of falling prices, the first signs of stabilisation appeared in 2024. Brands that saw their secondary market bottle prices fall significantly now see their auction price indices moving into what appears to be a sideward trend. The most notable examples are Macallan and Springbank, both of which closed 2024 Q3 with an auction price index plus.

Whisky showed strength compared to other collectables.

Whisky (-3.4%) and Watches (-5.2%) had the most stable price trajectory over the past 12 months. Secondary market values for Wine (-11%) and Art (-16.3%) softened considerably in the same period.

Our 2024 Mid-Year Update identified Japanese whisky as the worst-performing segment in the secondary whisky market. That trend stayed unchanged in the third quarter of 2024. However, secondary market prices for Scotch started climbing again from July to September 2024.

Irish whiskey’s gains and losses on the secondary market over the past years have been less extreme than those of Scotch or Japanese whisky.

Glenfiddich achieved the highest growth rate in trading value. The €360,000 spent in 2024 Q3 was 24% above last year’s figure, although the number of exchanged bottles dropped by 18%.

The 2024 Q3 Update is available to download here.