Scotch Whisky Costs Bounce as Buyers Search Haven, FT Says

(Bloomberg) — The worth of uncommon Scotch whiskies has climbed by greater than a fifth this yr as youthful traders sought tangible property amid risky monetary markets, the Monetary Occasions reported.

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Volumes have jumped by nearly 1 / 4, the FT mentioned, citing a report by Scottish funding financial institution Noble & Co. The rise in public sale gross sales was primarily pushed by bottles priced between £100 and £1,000, with that class seeing values rising 40% and volumes 30% within the first three quarters.

The report was carried out with knowledge science firm Brainnwave and tracked greater than half 1,000,000 public sale transactions over the previous decade. Uneven markets have bolstered demand for uncommon whiskies as various investments, the FT cited Noble as saying. Gross sales at funding agency Elite Wine & Whisky spotlight that pattern.

Elite noticed demand spike after the UK’s “mini-budget” in September roiled markets, and its turnover has risen 70% to date this yr to £17 million, the newspaper reported.

Scotch made up three-quarters of Scottish foods and drinks exports final yr and greater than a fifth of all UK foods and drinks shipments, the FT mentioned, citing the Scotch Whisky Affiliation.

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