Decoding Whiskey Auctions: From Headline Prices to True Valuations
Record prices make the headlines, but the average hammer price is what tells you what a bottle is actually worth.
Irish whiskey, written by Carl McDermott
Record prices make the headlines, but the average hammer price is what tells you what a bottle is actually worth.
Why do bidders still wait for the last second when proxy bidding does the job for them? It comes down to ego, control and a few well-known cognitive traps.
How Whiskey is matured, basically. Here are the legal restraints over maturation for bourbon, Irish and Scotch, and then the influences a cask can have on a whiskey through maturation and ‘finishing’. Bourbon: – Aged in new charred oak containers – Made in the United States – Barreled at no higher than 125 proof/62.5% ABV…
How Irish Whiskey is made, basically. Irish whiskey can be dated back as far as 1405, about 90 years before the first recorded Scotch (1494). It used to be a highly coveted commodity, with over 200 licensed distilleries back in 1790. Then came a big downturn at the turn of the 20th century: Ireland’s struggle…
Blakes of The Hollow are bottling a 16 year old Powers from 1964 that sat unlabelled in a screwcap bottle for decades, and only 160 will be sold.