Sotheby’s Unveils 2020 Spirits (Whisky) Market Report – Whisky News

NEW WORLD RECORD PRICES:

The Macallan holds dominant position in spirits market, totaling 7% of all wine and spirits sales at $6.4 million

– Digital transformation results in 20 online auctions and 21 live, compared to just 6 online and 21 live in 2019

– 84% of lots offered across live and online auctions purchased by online bidders
– #1 worldwide in single owner auctions, with 13 sales accounting for 54% of global sales figure

– Bottle of Japanese Whisky: Karuizawa 52 Year Old Zodiac Rat Cask 51.8 abv 1960, sold in London for $435,273

– Bottle of The Dalmore: 62 Year Old The Mackenzie and The Cromarty 40.0 abv. NV, each sold in London for $324,445

About Sotheby’s

Established in 1744, Sotheby’s is the world’s premier destination for art and luxury.  Sotheby’s promotes access, connoisseurship and preservation of fine art and rare objects through auctions and buy-now channels including private sales, e-commerce and retail. Our trusted global marketplace is supported by an industry-leading technology platform and a network of specialists spanning 40 countries and 50 categories, which include Contemporary Art, Modern and Impressionist Art, Old Masters, Chinese Works of Art, Jewelry, Watches, Wine and Spirits, and Interiors, among many others.

Sotheby’s Wine’s annual worldwide auction sales of wine and spirits totaled an outstanding $92 million in 2020, with over 15,000 lots sold across 41 sales – a nearly 50% increase in the number of auctions held in 2019. Over $60 million of wine and spirits were sold to online bidders in 2020 versus $28 million in 2019, with 85% of all lots offered finding online buyers. Demonstrating continued strength in Asia, Sotheby’s led the market in the region for the third consecutive year, with over 70% of the total bid amount in all Wine and Spirits sales attributed to collectors in Asia.

Sotheby’s Wine’s has had the privilege of auctioning numerous record-breaking spirits in recent years, with 2020 alone witnessing new world auction records for any bottle of Japanese whisky, any bottle of whisky produced by the Dalmore Distillery. Sotheby’s Wine currently holds the world records for any whisky collection ever sold at auction.

*Estimates do not include buyer’s premium. Prices achieved include the hammer price plus buyer’s premium and are net of any fees paid to the purchaser where the purchaser provided an irrevocable bid.

Stream live auctions and place bids in real time, discover the value of a work of art, browse sale catalogues, view original content and more at sothebys.com, and by downloading Sotheby’s apps for iOS and Android.

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