Scotch Auction Prices Not Quite Up To Bordeaux

on 26/11/10 at 11:33 am

Spirits

The 1974 Ardbeg Single Malt Scotch whisky, sold for HK$124,950.

An auction of fine whiskeys in Hong Kong this week garnered a warm reception but fell short of the spectacular results of recent wine auctions in the city.

Bonhams auctioneers said 80% of the lots were sold Tuesday evening at its second-ever Hong Kong whiskey auction, which raised a total of 567,000 Hong Kong dollars ($73,000). The most expensive item on the block, a bottle of Ardbeg Double Barrel single-cask whiskey distilled in 1974, sold to a local collector for HK$124,950, just above the estimated range of HK$100,000 to HK$120,000.

“Maybe one of these distillers will become the Lafite of whiskey,” said Richard Harvey, Bonham’s European head of wine, referring to the Bordeaux label favored by wealthy Chinese wine buyers.

{Full story via WSJ}