It’s Dram Stupidity

Why Silly Season now seems to be year long

For those of us lucky enough to be born Scottish and or live in Scotland, you need to have a sense of humour about the weather. It seems that we only have two seasons a year – summer and winter. Only summer seems to last for two weeks and those two weeks may not coincide with actual summer months. There’s been a few occasions when I’ve been walking around in March in short sleeves. Mind you in Aberdeen there are a few people who dress with barely enough clothes to stave off hypothermia then remove a couple of layers for a night out. The Norwegians have a saying that goes along the lines of that there is no such thing as bad weather, only a poor choice of clothing. Appropriate enough, as I type, I am actually in Norwegian waters on a Norwegian crewed vessel within sight of the Norwegian mainland.

Weather here has been changeable and we’ve had some spectacular weather, but now we’ve got misty gloom and have had for a couple of days. Guess the Norwegians have similar seasons to the Scottish, including the season that seems to be getting year long in the whisky world – silly season. This is not the sole preserve of the whisky world and can be widespread in many situations, but once again I see the usual stupidity over prices being paid for bottles. Interestingly enough it is for a Norwegian whisky.

The whisky in question is the first release of Bivrost Niflheim, a single malt whisky from the Aurora Spirit distillery in Lyngen, Northern Norway. It is the world’s most northerly distillery at present although with whisky superlatives there is always a chance that could be surpassed. The first 20 bottles are available for sale in the current Whisky Auctioneer auction. This isn’t the first time that Whisky Auctioneer have exclusively sold first produce from a distillery – they have also had similar auctions for the Israeli Milk and Honey Distillery and also the Strathearn Distillery in Perthshire.

I’d like to draw your attention to the price currently being bid for the bottle one of the Norwegian whisky. It’s currently at the time of writing £6400 plus auction fees. Out of the 20 bottles at auction, 7 of them have broken the £1000 barrier, and the cheapest bid is currently £500. Forgive me for perhaps stating the obvious, but have people lost their marbles?

Lets look at the whisky in question – No Age Statement, only 50cl. The cheapest this whisky will be is £1 per millilitre. Thats a lot of money for a whisky of only 3 years old. I suppose that is fine for a collectors item, but very expensive for a drinking whisky and I’d wonder how much the price will mature in the secondary market. It all depends on the success of the distillery I would bet. I can tell you I paid £800 for two bottles of the first release of Strathearn’s spirit in the auction that Whisky Auctioneer ran in 2016. Strathearn has gone on to be quietly successful, being sold to Douglas Laing in 2019. Where it goes from there and whether or not my bottles go up in value remains to be seen, but I only pay at auction what I can afford to lose. The good news is that following their sale, Strathearn is likely only to go up in value. But will Bivrost Niflheim do the same?

Now let me suggest something to you. There is a certain kudos to having the first bottle from a release and a greater kudos to having the first bottle from the first release. But £6400 worth? The jury might be out on that one though I’d imagine it’s not. I know that for that money I’d much rather pay that for a decent Macallan knowing full well that I would get more enjoyment out of that than a whisky that few will know the actual taste and quality of.

And here is my kicker – will further releases taste any different to these 20 bottles in such a way that would make the £6400 taste like a bargain? I’d proffer not. I’m going to suggest that people are paying over the odds for a bottle that may cost £100 realistically, and for a three year old whisky I’d also suggest even that is an overpayment.

Fear Of Missing Out or showing who has the largest testicles in the collecting world is what is driving these prices. Don’t get me wrong, I don’t wish to disrespect both Aurora Spirit or Whisky Auctioneer. Their whisky is one I would be very happy to try and I do plan to buy a bottle from this distillery on account that I spend a lot of time in Norway. Plus it’s about time I looked to whisky outside Scotland I think. For the past 5 years I’ve done a lot of business from Whisky Auctioneer and find them a very decent company to deal with. For both companies, this auction is a great way to generate business and publicity – WA definitely needs positive support given their recent drama with the Perfect Collection Auction being disrupted by cyber attack.

With a certain amount of hindsight bearing in mind I have bought bottles at these sorts of auctions, these events only generate a little bit of price blindness which must please both the distilleries and auctioneers. However, what may be impulse bidding with the heart and not the head can be bad for the buyer and the subsequent secondary market price. I doubt the prices will go on to match the current level of bidding.

Let’s look on the other side. Small distilleries with a great product will generate hype. Daftmill being a great case in point. As much as it is a good dram, is it worth the prices now being seen on the secondary market? I don’t personally think so. The Cuthberts want it to be drunk and enjoyed, but often those paying silly prices on the auction sites are forcing reasonably priced first releases out of the hands of drinkers.

In my closing opinion for this article, I believe there is a bubble that is waiting to be burst and some people will be affected. The hype in the market will fuel a monster that will one day implode. As silly season seems to be a year round thing, this may come sooner than some people think.

(to be continued……)

Read about Arctic Whisky here – http://bivrost.com

See the Bivrost auction here – Whisky Auctioneer / Bivrost Niflheim

 

Slainte Mhath!

Scotty

Index of tastings here

Index of articles here


This is written as a hobby, and I appreciate your likes and shares, either on WordPress, or why not visit one of my other social media channels. Lets spread the whisky love!

Scotty’s Drams encourages responsible drinking. To find out the facts about drink, and where to find help if you need it visit Drinkaware.co.uk by clicking on the link.

Photo Credits

All Photos – Authors Own

All content and photos are subject to copyright and may not be used or reproduced without permission.

Cover Your Ass(ets)

Why you need to protect your collection

I’ll begin this article with a very large apology. I am sorry that there has been no weekend article for a couple of weeks, but I’m back at work, and I haven’t been able to arrange anything. Fear not, at least I have enough taste reviews to post, as long as this trip doesn’t extend beyond 12 weeks. Not having adequate cover of articles is a risk I have to take given that I can have an unpredictable work pattern, which will only get worse as the recession in the oil industry continues.

Turning our mind to our whisky collections, a lack of cover is a pitfall that we shouldn’t let ourselves fall into. Buying a bottle here and a bottle there is an easy way to building a modest collection but it easily builds into a monster that we can have no control over. Suddenly you can be faced with a collection that may not be covered under your home insurance. Even if you fully intend to eventually drink the bottles that you have bought, I’m well aware that this may not happen and with the increase in value of some bottles on the secondary market you might have a considerably higher value of collection than you expect.

Now, what would be the case if the worst was to happen and there was an accident that destroyed your collection? It could very well be that you have a small, inexpensive collection and your home insurance will cover it. But what if you go through your list of what you lost to find it worth a lot more than you realised and you aren’t fully covered? What if you have a Speyburn Flora and Fauna you bought for £35 in 1991 and you find that it is now auctioning for £2000 and is not covered by your house insurance?


Cheap on release. Auctioning for over £2000 now.

The answer is simple – you may need to consider specialist insurance. This is something I have to consider as I have a remote storage unit. My home insurer was not keen about covering my modest collection, most of which is well above 40% abv. The fact I have well over 200 bottles would mean they would not insure me for a reasonable cost given the simple fact of fire risk and value so a remote storage unit made sense. This option may not be appropriate for those with a smaller collection that they intend to drink.

Due to most home insurers insisting that expensive items are insured separately, this can add quite a lot to your premium and may not take into account of increase in market value. It then makes sense that a specialist insurer is needed. I already had one for my storage unit, but went through a broker that recommended me an insurance that was in the end not a specialist whisky insurance and was considerably more expensive and less flexible than a specialist insurer. Thus meant the search was on.

The problem with most storage insurances is that they are quite particular about what can be insured. My initial storage location would only insure me for £10,000 for my whisky, meaning that I could not store my whole collection there, which kind of defeated the purpose of having a storage unit in the first place. In my current storage location, I found the optional site supplied insurance being quite expensive which would have resulted in a £50 a month charge. Having done a little shopping online, I came across a site that would insure me, but wasn’t too much cheaper at £550 a year for £30,000 of insurance. Still pretty expensive, and not that flexible.

The good news is that as I do my social butterfly bit around the various whisky people in the area, I came to be recommended a company called Bruce Stevenson Insurance Brokers, based in Edinburgh. This was much more flexible. As long as I had proof that I owned the bottles I was insuring, then I would be able to claim market value should the worst happen, or to the value of an independent valuation provided by a whisky specialist such as Rare Whisky 101. I’m not going to go into the ins and outs of the policy, as each situation could be different, but as an Aberdonian where cheapness matters, I was getting better cover for £200 less a year. What I also found was that I was able to phone the company with my initial enquiry and deal with person when buying my policy. I feel the personal touch is so important, especially when the joy of whisky is sharing not just liquid, but experiences. From speaking to my broker I was able to pick up hints and tips that would be missed in a completely online transaction.

So, in conclusion my whisky collection is now more adequately protected for less money. Winner winner chicken dinner. Except with the saving of more coin, I’ll be eating steak instead of chicken – once I get off this floating prison. Mind you, being offshore means I can always shop online for more whisky with the savings made. Scratch that – I already have almost wiped out the savings by buying Edition 3 of the Tamdhu Dalbeallie Dram. Ooops.*

I’ve provided a link below for you to look at should you wish to insure your collection separately, but it is worth thinking whether or not your existing home insurance will cover the whisky you have.

www.brucestevenson.co.uk

Please be aware that I am only recommending this company based on my personal experience, coupled with being recommended my many people I have spoken to in the whisky retail and fellow collectors. This recommendation is completely independent and I am not receiving any payment or gratuity for this article.

Keep safe!

Yours In Spirits

Scotty

* considerably more whisky than 2 bottles have been purchased.

Index of tastings here

Index of articles here


This is written as a hobby, and I appreciate your likes and shares, either on WordPress, or why not visit one of my other social media channels. Lets spread the whisky love!

Scotty’s Drams encourages responsible drinking. To find out the facts about drink, and where to find help if you need it visit Drinkaware.co.uk by clicking on the link.

Photo Credits

All Photos – Authors Own

All content and photos are subject to copyright and may not be used or reproduced without permission.

Question Your Beliefs

Why you still need to challenge your whisky favourites to avoid taste blindness.

For those of you who read this weeks taste review of Monkey Shoulder this article will make more sense, but it isn’t really that necessary to have done so. This is going to be a short piece on how we should always look back on what we have drunk in the past and consistently re-evaluate our experiences.

For a couple of years, Monkey Shoulder was the blend I used to recommend and when travelling was what I often drunk when other options were limited. I never really thought to question it much as I enjoyed drinking it and others did to. Then my travel patterns changed and I wasn’t travelling the same routes, so my opportunity to drink Monkey Shoulder was limited which gave me a break from it for a little while.

It was the tail end of last year when I was asked to do a whisky tasting that I used Monkey Shoulder as a blended whisky. A fair enough assumption as it is a good enough value blended malt and given there were at least three decent malts in recipe, I wasn’t expecting much problems. Only I was wrong. A couple of people said they didn’t like it, pointed out its flaws and said they wouldn’t drink it again. I felt a little bit embarrassed as this was totally opposite to what I had been expecting, though we know that everybody has different taste buds and what is steak for one guy might be mince for the next. One thing was for certain – a review of the whisky and my thoughts about it had to be done.

Fortunately this tied in with the chance to also taste the Smokey Monkey and thus provide a decent comparison between the two. The results are in my article in which I found the smokey version definitely not to my taste and was also able to see the flaws in the original version. My excitement in it was slightly jaded almost to the point I could say that I felt let down by the beverage that I placed so much faith in. So what has happened?

Let’s make the bottler the scapegoat as that would absolve me of saying or doing anything wrong. Batches can vary in taste and recipes can be slightly tweaked depending on availability of casks for vatting. That’s the easy, lazy and possibly incorrect way of thinking which although possibly true, the case may not be the root of the problem. For that we have to look into ourselves and think about how we have changed as whisky drinkers, not just in our palates but also our expectations.

A drop in the ocean

The first thing we have to acknowledge is that one brand of whisky in the spirits world is like a drop in the ocean – so easily lost when compared to other brands. Many of us don’t have the chance to taste many different whiskies either through opportunity or lack of financial means. For people in this situation it means that they will tend to stick to the same brands for whatever reason. It goes without saying whatever your circumstances as a whisky lover that you will try to go for the best you can afford or obtain. However we may become blind to its faults. There is no shame in this as it is human nature to defend things we like or are special to us. For instance, my dog. Lovely, gentle Labrador but can be a bit of a poo eater, constantly casting hair, hungry and is definitely a shagger. I tend to ignore these flaws as I love my dog and his flaws are often written off as character.


How could you not love this? Maksimus puts on his most pathetic look.

Thinking back to the whisky world there may eventually be a special offer which gives the opportunity to try something else to which takes your fancy and it becomes your new favourite, though your former favourite still holds a place in your estimations. You may still recommend your whisky you used to love as It could be that it is good value, but you may be oblivious to the things that make it out not as good as you think. Eventually you get brought back down to earth with a bump and it hurts when it’s pointed out.

With so many bottles out there, many of us are trying different things, but are we really forming a relationship with that whisky so that we know all of its highs and lows, or are we completing a bottle and moving onto the next new thing? Within this blog, it is something that I struggle with, as I am constantly tasting different whisky and don’t often get the chance to really get to know some of the drams. In the past year I’ve reviewed 74 whiskies (that includes the backlog yet to publish) but there is no way on earth that somebody could drink 74 full bottles in that time.

The one thing that also works against us as whisky enthusiasts is those who are always trying the next new thing. There is nothing wrong with this as whisky will require to be innovative to move on, but part of me also feels that this creates a new problem. How can we say that a new whisky is entirely different from one that we have tasted in the past? With millions of permutations there has to be some similarities between bottlings surely? Even in my limited reviews I can tell you I’ve tasted two drams that had I known no better I would have said was Ardbeg because of the main characteristics of the spirit.

Don’t feel disappointed with this – I never said that I was an expert, I don’t pretend to be and I certainly don’t intend to be. This is about a journey to try different whiskies and there will be some I like and some I find that are not to my taste. I wrote about them to get your opinions too and to share my thoughts, not to get plaudits.

There is a defence for all of us. Currently there are about 130 distilleries in Scotland alone. If each distillery had 5 core expressions and released a new one every year, how long do you think it would take you to taste them all and do you think you’d be able to compare them to each other? Not to mention all the whisky that has been made in the past nor single cask releases…. see where I’m going with this? And I haven’t touched on Irish, Japanese, American or Indian whisky yet…..

If you want the proof, watch an online blind tasting and see how many people are able to identify random whiskies. You’d probably not be surprised at the failure rate. I feel it is only those with a super educated palate and a great memory would be capable of such a feat. These people do exist, but seem to be few and far between.

Back To The Monkey Shoulder.

Going back to my original point, with so many whiskies available, it probably isn’t easy to compare each one with every other, and after a while the taste scoring means little. I bet that I could return to Monkey Shoulder again in a couple of months and enjoy it again. Perhaps the bottle I used for the tasting had been open too long and was oxidised? Our palates evolve and what is good at one time may not be so good in the future or become even better.

There is another danger of constantly tasting new things that are popular and that is the law of diminishing returns. Once you taste something great, you will not be so impressed with the more mediocre drams. The availability of such great drams mean you may be in the trap that previously enjoyable whisky isn’t so good, and what is great is in limited supply. That’s a thought for another article though.

In conclusion, will I stop drinking Monkey Shoulder or recommending it? No. I still think the original Monkey Shoulder is an easy to drink, good value blended malt. I will perhaps change why I recommend it though. And of course, I’m going to challenge you to every now and again challenge the whiskies you like to see how they stack up against the new whiskies being released. Being loyal to a brand is great, but can blind you to its drawbacks.

Slainte Mhath!

Scotty

Index of tastings here

Index of articles here


This is written as a hobby, and I appreciate your likes and shares, either on WordPress, or why not visit one of my other social media channels. Lets spread the whisky love!

Scotty’s Drams encourages responsible drinking. To find out the facts about drink, and where to find help if you need it visit Drinkaware.co.uk by clicking on the link.

All content and photos are subject to copyright and may not be used or reproduced without permission.

Come On And Celebrate!

Whisky to mark an occasion

We all know that whisky is an excellent drink to use for a celebration and in Scotland it is very commonly used as such. Events such as the birth of a child have a social celebration known as a ‘Head Wetting’ which is where the birth is celebrated by the father going out with friends for a night out to commemorate the new born. I wonder how many heads are sore the next day when a crying baby may be the last thing that you’d appreciate with a hangover!

An alternative route to celebrate an occasion is to perhaps seek out a special whisky and open the bottle and have a more restrained night (in or out). This was the route I initially took when my daughter was born. 10 years prior I had paid a visit to Glenmorangie distillery and bought two of the Truffle Oak finishes for £150 each. The partner I had at the time and myself were considering the possibility of a child and I thought one of the bottles would be appropriate for a head wetting. However, it was not to be, and the bottles went into the back of my drinks cabinet waiting for that special occasion.

Fast forward 10 years, and my wife and I were blessed with a beautiful baby daughter and the subject of a head wetting came up. I thought about the Truffle Oak Glenmorangie bottles, and how I would love to try one. This was also about the time I had decided to start collecting bottles more seriously so I could perhaps have a little nest egg for the little one when she was older. A quick look on the internet for retail and auction prices for these bottles showed that I was not going to be opening the Glenmorangie, but instead picked a Bruichladdich Yellow Submarine instead. These were the days when you could pick up a retail one for under £200 and auction prices were even lower. It was my first time tasting this bottling, and I suppose the fact that I used it as my head wetting whisky makes it that little bit more special, and not just the fact that it has a tie in with my day job.

Now that we are thinking of picking a whisky to celebrate a pivotal moment in our lives such as a childbirth or a similar occasion, I have been looking for a decent bottle that marked my date or year of birth. I do have a couple from my year of birth, but the vintage bottlings for me just aren’t the same, so I am constantly on the look out for a whisky that was distilled or bottled on my actual day of birth, but this is like looking for a needle in a haystack. So, I have to make do with bottles that were either distilled or bottled on one of my birthdays, and I have been a little more successful in this endeavour.

It was a visit to the GlenDronach distillery in early summer last year that achieved my first bottle – I was driving and couldn’t drink, so had to sit out the end of the tour tasting, but the guide then pointed out that their hand filled bottle was distilled on what I quickly worked out to be my 19th Birthday. This 26 year old bottle was quickly snapped up and I even got a wee sample to try. Driving away from the distillery I had calculated that I had shot my bolt a bit early. My birthday was in 4 days time, the date the whisky turned 27 years old. I managed to sneak away to get another bottle which was bottled and distilled on my birthday. I would imagine there are very few bottles like that available and it joins the Glenmorangie Truffle Oaks in my remote storage where I can’t be tempted to open it.


Guess which one was bottled at 27 years old to the day? The same day that I turned 21 again too!

It was a Facebook messenger conversation a couple of months ago that made me think of this once more. One of my former work colleagues had asked me about the possibility of getting a bottle of whisky that had the date of his son’s birthday on it. Now, I made him aware that the chances of me being able to find one were as likely as trying to find a drop of wine in the North Sea (not quite what I said, but a lot more acceptable for public consumption!) but I’d have a go. An initial search on the internet was unsuccessful, but I told him to leave it with me and I’d have a go. Challenge accepted!

I’m now going to be writing this article so you can see what I tried and how I was eventually successful. Just to warn you, it took a month and while I did achieve my aim, it was not without it’s frustrations.

A simple Google search will just throw up too many random results. You will easily find the vintage year, and you might even be lucky enough to get the correct month, but if this is going to be a momento of a birth, it isn’t close enough. The vast majority of vintage whisky just has a year on it, so to achieve the correct date we will have to look at three main types of bottlings to secure a victory – Hand Fills, Single Casks and Special Editions. Because most bottles are filled with whisky that is the result of a marriage of casks, you will never be able to achieve a date of distillation. I think that this is important, as the date of the birth will coincide with the date of the whisky creation, which for me gives a more powerful symbolism to the bottle.

To find hand fill bottles with a specific date, the easiest way to achieve this if you ever want to have a bottle of whisky bottled on the date of your offspring’s birth is to get a friend to visit a distillery and purchase a handfilled bottle on the day that your child is born. I would suggest it may not be polite for you to do this when your significant other is going through labour and may create considerable friction in your relationship. There is no way that I would try that, although I was close enough to a distillery on the date of my daughter’s birth!

With hand filled bottles, I would suggest that there is a slight drawback to know that somebody else bottled it, so loses it’s personal touch to the special event that you are trying to commemorate, but that all depends on how special you want this to be. By far the easiest bottles to find are those from single casks, where it is easier to find a larger availability of dates, and certainly easier to search for.

If you think a single cask bottle would be appropriate, then you have to ask yourself will it be drunk? Of course, it depends on whether or not you are giving it to somebody or keeping it for yourself. But to help you search I found it is easier to look at distilleries that are consistently producing good single cask produce. What you may find that if you can get a date that is within a couple of days of your requirements, it is a case of being patient. Sometimes distilleries go through a run of bottling single casks. I found this to be true of GlenAllachie as one of my early targets to source a bottle for my colleague, but could only get within 2 or three days and not the actual date – close but no cigar.


Distillery releases at visitor centres are good bets as they often list both distilling dates and bottling dates. They also include distilleries long lost or without visitor facilities

Since these bottles were unlikely to be found at retail, I decided to hit the auctions. The simplest way to search was to look for a particular vintage year. If there was too many results, I found I got mixed returns by using different date formats in the search boxes of the auctioneers. You have to be persistent in trying everything. You also need to be smart about filtering your search results – being Aberdonian I always search for the low prices first as why would you want to pay more than you had to?

To cut a long story short, eventually I got a hit on a bottle from the Arran Distillery. This took me about 3 weeks searching every now and again when I had a spare moment. Initially I found a bottling from the day before the required date, but when I realised the date I needed was a Friday, then I found other bottles of the same whisky from the following week so then I was certain there would likely be similar bottling on the date required. Some further persistence paid off and within a couple of hours found the bottle I needed.

Let’s just say I hadn’t found THE bottle, but only had identified the edition I needed to find in the auctions or rare whisky shops. But if you have been paying attention to what I write, you will know that if something has been in an auction once, then it will turn up eventually in the future. You hope that it is not an in-demand bottle or that you don’t get somebody else bidding against you which will possibly force the price up. And it is here you have to make a difficult decision – how much do you pay for the bottle you are searching for? How important is the significance of the date?

Well, I took the common sense approach – I looked closely at the bottle – it had condition warnings about the state of the outer packaging, and what wasn’t noted was slight damage to the front label. The next thing you have to consider is how many of them were produced?.l Because this was a wine cask finish in a single cask, just over three hundred were available on the date I required. Researching the prices of other auctions revealed a hammer price between £85 and £150, but I didn’t do a thorough search, as it was only to give me an idea. Using my usual auction strategies, I obtained the bottle for a hammer price of £65 which adding the usual fees and P&P came to £85.


Captured prey – the Arran bottle acquired.

Whilst this is not a whisky that was distilled on the date required, given that this was over 14 years ago and the amount of releases since then, it was going to be like searching the world for a specific grain of sand. We can choose to look at it from the sense that the bottled product was created on the same day, and hopefully that has enough significance for the recipient whether it gets opened or kept in a cupboard for a wee while longer.

Of course, when thinking of celebrating significant birthdays, if you are close enough to a distillery that does hand fill, I would suggest taking a trip there with the intended recipient to commemorate not only the day, but a proper day out making memories. In the case of my colleague, this is what I suggested happens for his child’s 18th and 21st birthdays. Will these bottles be worth anything financially? Only if somebody else wants the same date, Indeed my GlenDronach handfill is making about £60-£70 more than I paid for it at auction, but then factor in the fees, then no, it’s not making a lot more, but time will tell. There will be a demand for vintage whisky in the future, but whether or not sherried whiskies are popular in the future remains to be seen. Vintage GlenDronach frequently does well at auction so not too worried.

I haven’t mentioned much about the third type of bottle – special editions. These will be rarer and therefore harder to find, especially for a specific date. And we know what this is likely to do for prices but regardless we have to know what the prices are so we aren’t overpaying.

Lastly, sometimes it is just down to luck. You just need to keep your eyes open when looking around distilleries, especially for single cask releases. Independent bottlers are also often good for detailing dates such as Signatory vintage. It is just a case of looking around.

Of course, you could always have a cask filled on that very date, but that’s an entirely different kettle of fish, and I’d advise you to look at my articles on cask purchase before proceeding down a very expensive route if you hope to taste it.

I hope this has given you a few pointers. Funnily enough as I was writing this article, somebody contacted me about this very issue, although they were looking for vintage Macallan. Talk about good timing! Cone time I will be looking for a vintage whisky for my daughters birth date, but as she’s not even four yet, there may be some time to go yet before anything is released.

Slainte Mhath!

Scotty

Index of tastings here

Index of articles here


This is written as a hobby, and I appreciate your likes and shares, either on WordPress, or why not visit one of my other social media channels. Lets spread the whisky love!

Scotty’s Drams encourages responsible drinking. To find out the facts about drink, and where to find help if you need it visit Drinkaware.co.uk by clicking on the link.

Photo Credits

All Photos – Authors Own

All content and photos are subject to copyright and may not be used or reproduced without permission.

Technical Difficulties

Why normal service isn’t always possible.

In the United Kingdom, we are now into our third week of lockdown due to the Coronavirus. This has caused a mild difficulty for me writing Scotty’s Drams; some of it you may notice and some of it you may not. For those of you who follow my blog through WordPress and not the other social media channels I use will have noticed that sometimes I re-publish pages. There is a good reason for this – the majority of my blog has been written on my phone, but occasionally I choose to type it on a laptop. This is because I can publish an article a lot quicker. For some reason what was on my phone and on my laptop wasn’t matching up and was causing a bit of an issue. It has caused some of the previous blogs to disappear, and I’ve had to republish.

The other slight technical difficulty is trying to monitor the passage of time. Being on lockdown has very much been similar to working offshore where the only way you know the passage of time is either looking at the calendar or by the menu for the day. So this means I am writing my weekend article on a Friday again, as the week has blasted past without me realising I have to put some thoughts down.

Anyway, despite the boredom of lockdown, I have still found myself tied up with various things, and this has meant that I have not written a Saturday Article. I could, but I feel that this would be of lower than normal quality, which is a path that I do not want to go down. However, I have made my third video, which I will give a link below that teaches us how to drink whisky in a very rudimentary way, but covers all the basics – especially the last point! I will do a more serious video later. All I can say is that I am glad I was able to nail the video quickly, as it could have ended up a bit messy! For those on you who do not follow Scotty’s Drams on Facebook, the link to the video is here.

Moving away to something a bit more positive, I often quote from Winston Churchill. Of course, being Scottish I am not a big fan of Winston’s politics or his ideas of empire, but the man also knew how to speak with many famous quotes and orations. One of my favourites was the one he made about how a pessimist sees the difficulties in opportunities and how an optimist sees the opportunity in every difficulty. Using modern technology has been great to communicate our love of whisky along with being able to share it, with events on Twitter, YouTube and Facebook. Being a less than sociable person, I have shied away from these, as they are a bit too impersonal, and if I can’t meet or speak to people in person I’d often not bother joining in – I’d rather enjoy whisky in the immediate company of people. As is so many times the case in the whisky community it is each to their own preferences, and if you can get something out of this, I’d encourage you to take part.

Lastly, a couple of weeks ago I hinted that perhaps Scotty’s drams could have a gathering. Of course current events totally blow the chance of that happening right out of the water this year, but I am thinking of perhaps in early spring next year? Let me know your thoughts so I can get an idea of numbers and to what you’d find more beneficial – a city meet up for a night, or a couple of nights in Speyside region, perhaps taking in a distillery tour? Mull it over and let me know so I can formulate a loose plan,

Sorry for the low content of whisky thought this week, but next week will be better. Maybe.

Slainte Mhath!

Scotty

Index of tastings here

Index of articles here


This is written as a hobby, and I appreciate your likes and shares, either on WordPress, or why not visit one of my other social media channels. Lets spread the whisky love!

Scotty’s Drams encourages responsible drinking. To find out the facts about drink, and where to find help if you need it visit Drinkaware.co.uk by clicking on the link.

Photo Credits

All Photos – Authors Own

All content and photos are subject to copyright and may not be used or reproduced without permission.

Under The Hammer

Why you need to be careful with on-line auctions

For a few years now I have been a regular user of on-line whisky auctions to start boosting my collection, as well as selling some of my bottles that I have no further need to keep. Recently I have spent some time selling around 40 miniatures at auction and was very happy at the price that I received. I also was selling my Macallan Folio 5, which I needed to get rid of on account of the amount released – it didn’t have the rarity value that I desire to enable to keep it. Of course, I then had to contend with the flippers and those also offloading their Macallan purchases that didn’t meet their expectations.

Throughout this article, I am not going to mention any auctioneers by name, however I will give the websites of the auctioneers that I use for buying, selling or both.

While on-line auctions offer a relatively easy way of buying and selling there are a few things that you need to be aware of that can catch you out. This is in particularly true when you are trying to sell something at the same time as a lot of other people. Unfortunately this was the problem that I had when selling my Macallan, and it isn’t just the auction you are taking part in – there are often two or three on-line auctions running at the same time. Of course many of those in the market will often see the way prices are going between the auctions and will bid accordingly – if they get outbid on one auction site, it is no problem just to start bidding on another site.

In my case, I wanted to offload my Macallan as soon as possible, so I had to pick an auctioneer that was going to hold an auction soonest and that I was able to get the bottle submitted in time. One thing you have to consider is that some auctioneers have better exposure than others, but the flip side is that those auctioneers are also more likely to have more submissions of the same article when it comes to trying to offload a sought after release. One thing that counted against me was that one of the biggest auctions was taking place when my auction started, and it had 200 Macallan Folio 5 for sale. It goes without saying that the more there is of something available, this then suppresses the price somewhat, but the good thing is that for Macallan Folio Editions, the demand is there, so you shouldn’t suffer. Perhaps I should have put that in italics, as there are no guarantees.

If you are worried about the price that you may receive back for any sales, the important thing is to place a reserve on it. This usually costs an extra £4 – £7 depending on auctioneer. I cannot stress this enough – perhaps it is better not to sell something that doesn’t make it’s reserve, and gives you the chance to either re-submit it to another auction or perhaps keep to sell another day. It gives me no pleasure to report that one of my friends in the whisky community went to sell his Macallan Easter Elchies Black 2019 and the auctioneers recommended no reserve. To my friends dismay, there was 90 other bottles in the same auction and as a result lost around £100. So, if you need a return – set a reserve.


Don’t get hammered at auction. Stick to your price and don’t overpay

Setting a reserve is something I think is also being used by some to manipulate the market, especially in the case of new releases. Many auctioneers do not let you set a reserve above Recommended Retail Price (RRP) for 6 months after a new release in an attempt to help stop the flippers setting high reserves to guarantee them a return which in my view is greedy, immoral and detrimental to a whisky release where people see pound signs instead of the liquid in the bottle. Admittedly, the best this can do is just kick the can down the road in limiting the prices, and anybody is free to bid above the RRP, but at least limiting reserves helps others. One auctioneer that I deal with has said they use common sense and don’t limit any reserves but it’s on a case-by-case basis. If it’s not unreasonable, you’ll get a higher than RRP reserve.

Not all auctioneers are the same, and when thinking about the reserves I have seen on other auctions for Macallan Folio 5, one around the same time had a bid on it for £600 and still had not reached the reserve price. In my opinion, the auctioneer is assisting the flippers, and it’s a bit unfair to those who value the whisky over the profit. What was not understandable is that there were several others available in the same auction – so why would somebody bid on one bottle way over the price of others that were available in the same auction that were a lot cheaper. If there is a bottle I want in an auction, and there is more than one available, I bid one, then if I get outbid, I then bid on a cheaper one. I personally think there is more behind the bidding of a bottle that seems to have had more bidding action than others, but we will deal with it later.

Some auctioneers publish reserve prices, and I think that is a good idea, as you know straight away what is expected, and you can tell if somebody has overvalued the whisky. If the reserve is hidden, then you should only bid to a level that you are comfortable with and don’t be tempted to incrementally bid to find out what the reserve is as you may be stuck with a bottle you can’t afford or may be overpaying for.

And this is a really important point. Generally speaking in a conventional auction, you can see who you are bidding against, as there will be an assistant on a phone or at a computer terminal. With an on-line auction you don’t have that facility. Sniping a bid (bidding at the last moment) has been eliminated by on-line auction by any bidding automatically extending the auction, but shill bidding I think is also prevalent as well. While auctioneers say that they are on the lookout, sometimes the bidding patterns don’t make sense, when people are bidding on one item, when there is another one equally as good but a lot cheaper. My whisky auction insider says there is very little that can be done to detect this, as it will only really show up if using the same hub. If your friend or family relative is bidding from another location, there is pretty much no way of telling.

One other hazard of on-line auctions is that you are physically unable to check the merchandise. If you have any doubt at all, make sure that you contact the auctioneer – they will supply extra photos on request, and if it is practicable they may allow an in-person visit to inspect the item. Not so handy for those of us who live in the more remote areas. You need to be sure you understand what you are buying.

I cannot recommend this enough, and be aware of what you are buying. RESEARCH! Know the price for a given condition. I’ve seen many auctioneers optimistically list lots as rare, but they aren’t. A quick look through other auction sites will reveal how often these turn up. I was recently given a wee task to source a bottle with a specific distillation date as a birth date. This wasn’t the easiest to find, and certainly getting harder to source, but does this make it more expensive? No – it doesn’t. If one shows up at auction then you can bet your bottom dollar another one will eventually. Set your price as to what you want to pay and wait.

Deciding your price is crucial. By all means do not bid your maximum price straight away, as often people will keep bidding until they outbid you. Best put a lower maximum in, and as soon as you are outbid, bid again. That way you may be able to pay less than the maximum you were prepared to as some people give up when they see somebody consistently upbidding them.

One thing my auction insider let me know is that they are presented with a large amount of fakes. OK, perhaps not masses, but the percentage is higher than you might expect. I have one bottle that I bought at auction for £35 that was part of my bargain basement hoovering towards the end of an auction to buy a whisky from the 50’s or 60’s. I had to query it, as the volume and strength were not printed on the bottle, and the label felt wrong. While the auctioneer assured me that this bottle was not a fake, I have my doubts, therefore will not be drinking it, but use it as a show piece. Do not assume that the auctioneer has spotted a fake, as it isn’t always apparent, and if they are handling hundreds or thousands of bottles for one auction, there is the chance one may slip through. It is also wrong to assume it is high value bottles that are the ones being faked – those are the ones that are checked more closely. It will be the cheaper ones that may suffer from counterfeiting more often than not.

The archive at Macallan distillery when it opened in 2018 was found to contain suspicious bottles. If they can’t tell, what chance have you got?


One is fake, the other is genuine

My last point is that beware of auction hype. One auctioneer had a superlative auction of a private collection that was to be broken up. Yes, there was some spectacular bottles there, but they were in the minority. A lot of bottles were missing boxes or had low fill levels. Just because it was part of an extensive collection does not make that worth any more. In all it was quite disappointing, Due to the Coronavirus, I am not sure if the second part will go ahead as planned in April 2020, but we will wait and see. Given the quality of the first half, I am a bit underwhelmed. If you have done your research, you will know what it’s worth, and bid accordingly – don’t get carried away and overpay, unless it’s a must-have for your collection, though even then exercise a wee bit of caution.

But for all the pros and cons of on-line auctions, I have bought older bottlings a lot cheaper than I would have got them retail. I have been able to complete collections that would otherwise be impossible, and I have been able to drink some unusual and rarer whiskies. You just have to keep your head when everybody around you in the auction seem to be losing theirs.

There is a list of on-line whisky auction sites I use or regularly browse below.

Slainte Mhath!

Scotty


Whisky Auctioneer – http://www.whiskyauctioneer.com

Just Whisky – www.just-whisky.co.uk

Whisky Hammer – http://www.whiskyhammer.com

Scotch Whisky Auctions – www.scotchwhiskyauctions.com

The Grand Whisky Auction – http://www.thegrandwhiskyauction.com

Whisky Online Auctions – https://www.whisky-online.com/auctions/

Speyside Whisky Auctions – http://speysidewhiskyauctions.co.uk

Royal Mile Whisky Auctions – http://royalmilewhisky.auction

Robert Graham / Global Whisky Auctions – http://www.globalwhiskyauctions.com

WhiskyAuction.com (Based in Germany) – http://www.whiskyauction.com


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Scotty’s Drams encourages responsible drinking. To find out the facts about drink, and where to find help if you need it visit Drinkaware.co.uk by clicking on the link

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The C-Word

I don’t know what one is worse!

Whisky enthusiasts (and anybody else for that matter) cannot fail to miss the fact that the C-word is now on the lips of nearly everybody. Coronavirus is here, and not the other C word that is used regularly as a quite colourful yet descriptive noun in Scotland. We cannot escape it, so we have to look beyond the times that we currently find ourselves. The new plague has inspired me to actually say a few words on video posted on the Scotty’s Drams Facebook page. This is something that I vowed I would never do on account of having a face that can sour cream instantly, but more to the point I try to keep the blog as ‘lo-fi’ as possible, so I can still write and publish while at work, and so less is spent concentrating on internet geekery and more on the whisky and opinions.

Getting back on track, the whisky industry has not escaped Corona Virus at all. As is sensible, distillery visitor centres have closed, whisky festivals have been cancelled. Even one or two distilleries have completely shut down – Glenfarclas and Teeling being the only ones I definitely know to have ended production. This may not have much of an effect on supply at all, as warehouses are creaking of maturing spirit, and still most distilleries are still producing for now. There is not likely to be a shortage in the longterm, but will there be consequences in the further down the line if the best part of a year’s production is missing? Who knows?


Closed for now: Glenfarclas Distillery Visitor Centre. Production also temporarily ceased

We also have to think of the impact this will have on specialist Whisky Retailers, most of whom rely a good part on footfall into their shops, which has all disappeared. That is why I started my little video infomercials, as I felt this is a very important resource we have to keep. Yes, you can buy your whisky from Master of Malt, The Whisky Exchange or Amazon, but lets look at it this way – that isn’t personal service. It may be that some of the Whisky Shops use Amazon as a market place, but shop direct with them, so they get the maximum benefit.


Whisky Shops – physical shop closed, online shop alive and kicking

The bad thing about the Corona virus is that there is likely to be an economic slowdown across the world. Usually the first thing to go in an economic crisis are luxuries, and it could be argued that whisky is not a necessity but is indeed a luxury. Could this lead into a reduction in prices on the shelves? For instance, I remember not too long ago, you could pick up a GlenDronach 18 for under £80. Nowadays most places seem to have the price hitting off £100 in the space of less than a couple of years. I am having a wry smile to myself, as it was a dram that I used to evangelise to people about if asked for a recommendation. I doubt they bought it in enough numbers to increase demand. I’d wet myself laughing if I could be described as an industry ‘influencer’. I’m far more likely simply to be just under the influence……


It’s not just shops and distilleries that could be affected. Cooperages and other parts of the supply chain may suffer.

Carrying on from the thought of a global slowdown, this could mean mixed fortunes for us as consumers, but more to the good. I predict auction prices will be falling. I have seen certain bottles have definitely peaked and are on the way back down. Some of the 1993 Glenmorange cask finishes have seen a drop for instance. Mind you it could be that some people are also putting too high a reserve on it and they are not selling. I am getting more and more suspicious of the motives of some auctioneers to be honest, but that is an article I am writing with great caution, as the potential for libel and destroying of industry relationships is high.


Will auction prices be affected soon?

Moving on to the newer distilleries; tough times will definitely test the business model of many of these distilleries. Are they adequately insured against pandemic? If people do not have money to spend, then the demand falls. Those who have yet to produce spirit and are relying on also producing new make, gin or cask sales could especially be in trouble – they have nothing to sell to an international market as whisky has to be bottled in Scotland to be called Scottish, and if the domestic market collapses, there could be a cull of spirit producers in what seems to be a slowly saturating market place. Distilleries who don’t have a large global share or an effective overseas distribution may struggle, unless they are the type that have enough capital behind them to weather the storm.

Bear in mind my friends, I am only an amateur, and all of this is opinion of somebody who does not have a degree in economics, no whisky industry background and is certainly not a rocket scientist. However, the basic facts are there – the size of a market the industry has to sell to is finite. You can only sell so much, which becomes difficult if tastes change (imagine only filling sherry casks to find 8 years later public taste has swung in favour of bourbon cask whisky), or if people have no money.


Not just Scotland. Teeling distillery in Dublin also shut down.

Whatever happens in the end, we have to remain positive in all circumstances. What may come to pass is anybodies guess and it is completely out of our hands. Let me advise you that the best thing you can do now is keep indoors as much as possible. Take time to enjoy the things you couldn’t before when things like work got in the way. If you are one of the ones that are providing essential services to keep the country going, I salute you – especially those on the front lines in the health services world wide, often working under difficult conditions. At the other side may we all be able to raise a glass to celebrate that we have survived. The whisky industry will too, but in what shape it will be is yet to be seen.


Lastly, while we think of staying inside to dodge the Corona Virus, one thing that went through my head now I’ve shown my face on screen (1400+ views) that if we are to celebrate together getting through these hard times, how would people feel about a Scotty’s Drams meet at some point in the quiet season next year? We need to look forward to something, and this could just be the ticket. Let me think on it. Perhaps I’ll do a poll later on…

Keep safe – Yours in Spirits

Scotty

Index of tastings here

Index of articles here


This is written as a hobby, and I appreciate your likes and shares, either on WordPress, or why not visit one of my other social media channels. Lets spread the whisky love!

Scotty’s Drams encourages responsible drinking. To find out the facts about drink, and where to find help if you need it visit Drinkaware.co.uk by clicking on the link.

Photo Credits

Auction Gavel – Shutterstock

All other photos – Authors own

Speculate to Accumulate

Do not be afraid of the not perfect.

The more regular of my readers will appreciate that I do tend to use a lot of miniature bottles for my reviews. This is due to a certain amount of expediency because of my work away from home and being away for more than half the year gives me limited time to drink full bottles. I have to say that I end up giving a lot of it away to my friends (you know who you are!) in order to kill bottles so I can move on to open something different.

The problem with this is that I am an inveterate bottle chaser, and this week was no different. My final sales of miniatures happened this week, and I managed to get some more decorative cask ends for the Strathspey hotel my wife runs. However, for me an online whisky auction is pretty much like doing your shopping at Aldi’s in as much as you can go for milk and bread, yet walk out with a 4″ grinder and a car tool kit as well. I ended up perusing the other miniatures for sale and came across a set of 4 miniatures at a relatively cheap price. The bait was in the trap, and the bottle chaser was sniffing around.


The four drams. Only Coleburn is silent, having closed in 1985. Only one official bottling was released – the 1979 Rare Malts. Most production went into Ushers or Johnny Walker Red. The other distilleries are still producing.

The drams in question were older bottlings from the Gordon & Macphail ‘Connoisseurs Collection’. Gordon & Macphail have had some great bottlings in the past and I already have a few of their miniatures in my collection, though these are unicorn drams that I wish to taste and possibly review the experience for you in the future. The drams I won this time are.

  • Coleburn 1965
  • Dailuaine 1971
  • Speyburn 1971
  • Tomatin 1970

I was after the Coleburn and the Speyburn and in the end with auction fees I paid about £27 for all 4. However there was a big drawback – the fill levels were low. But does this mean I have been foolish or ripped off? I don’t think so, and I’ll spend the next few paragraphs explaining why I feel I haven’t been either of these and why perhaps you should take a chance.


The fill levels

Firstly, a rip off in an auction is not possible. In fact a rip off can only happen if you were sold something and you what you received was something that did not meet defined expectations. An auction house clearly shows the bottles on sale and will provide more on request. If you were prepared to pay the price with as much information as provided, then you have not been ripped off – you’ve just made a mistake.

Have I been foolish? Perhaps, but that is a matter of opinion. These drams could cost hundreds to buy as an individual full size bottles. I am going to be able to taste rarer drams for a fraction of that. If I was to find these drams in a whisky bar, I could imagine to pay £25+ for a dram for each one of these. It is worth saying that each of these drams have at least 25ml in them, some close to full. So potentially I have £100+ worth of drinking whisky.

Of course, with low fill levels, there are some drawbacks to this, and I have to acknowledge this. If the fluid level is low, then this means that whisky has evaporated out. I find that miniatures are particularly susceptible to this, and is one of the reasons I never recommend people collect miniatures unless they are aware of its risks and they are stored properly. Of course some people do collect these, but it’s not my thing. The risk of evaporation for me is too high and I personally feel I’d rather drink the miniatures.

One big problem with evaporation is that our largest concern should be that alcohol evaporates quicker than water, so there is a good chance that these drams which were bottled at 40% will not be at 40% when I try them. But that is a risk that I take, and while I am well aware that I will not get the full flavour that I would have got had it been fresh, I will still get an idea of what it would have been like.


A good way to taste long gone distilleries. Linkwood still going, Glenury Royal closed in 1985 and was demolished soon after. Imperial was silent more often than it was operational, falling silent in 1998 for the last time and was finally demolished in 2013 to be replaced by the Dalmunach distillery.

As with any proposition I put to you, this needs some sort of perspective. While I know that my bottles are compromised, what about that £30+ nip you buy in a whisky bar? Once the seal is popped, that bottle is on countdown as oxidisation and evaporation takes place. Certainly the whisky bars I see don’t gas their whiskies once they have been opened. That means in the case of the more premium but less popular whiskies, you’ll never be getting a fresh like new dram. You’ll never know how much of the fill level is due to evaporation. Let’s extrapolate that thought by remembering that the lower the fill level goes, the evaporation rate increases. My gamble with the miniatures doesn’t seem quite so foolish now, does it?

The above thought was one I have had for some time. I remember last year when I visited a bar that sold a 72 year old Macallan at £5000 a nip. Once opened, the evaporation and oxidisation processes have started. I wouldn’t imagine at that price it will be a quick seller, therefore is the person getting the last dram truly getting the value of such a whisky?

As I have said in my title, sometimes you have to speculate to accumulate. By taking a chance in spending some money, you can also taste rarer or older drams. By all means, you know they will not be perfect, but neither is that bottle of Macallan somebody has that’s been hiding at the back of the cabinet and was opened in 1983 to celebrate Aberdeen winning the European Cup Winners Cup. And has now been saved to drink only at special occasions. As an Aberdonian I can say that perhaps you’ll be waiting another decade to see silverware at Pittodrie….. There’s a good chance your whisky will have gone to the angels by that time.


Banff – bombed by the Luftwaffe in WWII didn’t survive the 1983 whisky loch and was closed that year. Convalmore fell two years later but is growing in popularity. Royal Brackla has changed hands since this distillation but is still going.

As usual, exercise some restraint when looking at bottles that are less than perfect. There will be a point when it will not be worth what the auction value is. Only pay what you can afford to drink, with an eye onto how much liquid is left in the bottle. Research what other similar bottles are selling for. And as usual, my best tip is to keep an eye on the assorted miniature collections in online auctions. Sometimes a unicorn whisky can be hiding in amongst others, as I found with my G&M Royal Brackla. You can always do what I did and sell the remainder of the miniatures again at auction and make enough money back to effectively make the unicorn you’ve hunted free. Fortune favours the brave!

Yours In Spirits.

Scotty

Index of tastings here

Index of articles here


This is written as a hobby, and I appreciate your likes and shares, either on WordPress, or why not visit one of my other social media channels. Lets spread the whisky love!

Scotty’s Drams encourages responsible drinking. To find out the facts about drink, and where to find help if you need it visit Drinkaware.co.uk by clicking on the link.

Photo Credits

All photos – Authors own

Profits and Losses

FOMO should not rule your whisky journey.

It has been a nailbiting and momentous week here at Scotty’s Drams HQ. I lost my job as the premier hypocrite of the Strathspey and Badenoch area, when my Macallan Folio 5 did sell at auction and I made the grand total of £37.20 after taking auction fees into account. I don’t even have the title of the worst flipper in the world, as at the same auction, some people were taking losses over £230 on their Macallan Easter Elchies Black 2019 release – one of the many Macallan releases that did not have numbers confirmed and turned out to be a lot more than people anticipated.

In other auction action, I submitted a bundle of whisky miniatures to a couple of auctioneers, and the items at Whisky Auctioneer in Perth did a lot better than anticipated. I had the opportunity to buy around 50 nips from a guy locally who was selling them on behalf of his mother, as they belonged to his late father’s estate. I paid £50 for them, as I didn’t really have time to inspect them properly and I had no idea of what they were worth. Imagine my surprise when the total hammer price was £211! With me being me, (and the local area as well as the whisky world being very small), I had told him that if it made much more than £50, I’d give him the profits, so nobody could think I was taking the mickey or taking advantage of people. Believe it or not, I do want Scotty’s Drams to be known to have a smidge of integrity! It has been a great result for myself, but especially to the recipient of the extra cash and I am glad it is going to a good cause.

The final thing that I want to point out for this week was the news that retailers were slashing the prices of the Game of Thrones editions as released by Diageo in collaboration with the HBO series. The Whisky Exchange and Master of Malt were offering around 30% discount on the 9 bottles, and I had seen on line that another retailer were said to be offering 40%. You can imagine the response on the social media channels about people who feel conned that they paid significantly more to collect the series. I will remind you that I warned about this in my article I wrote about the Game of Thrones whisky set back in November 2019. Click on the link if you want to be reminded of what I said.

I’ll not go over old ground, as this will make the article unnecessarily long. However, I can understand the angst of people who feel conned, but why did they pay so much in the first place? They believed the hype of a limited release that was never really going to become rare – not in the next 40 years or so anyway……. I bet the person who paid £1400+ for his set at auction feels especially aggrieved, especially for one of two things – a lowering of the retail price will crash the auction price. This is definite for the short term and most likely for the medium to long term. Why do I think this? It is only the truly gullible or those who cannot get it any other way will pay more on an auction site than it costs at retail. Secondly, now the retail price has dropped, potentially many are going be offloading it ASAP if they don’t want to drink it, thus probably ensuring a very easy supply to secondary market at auctions. Additionally, because of such a large price drop, the perception of quality has been damaged and any last vestiges of thought about the range being a collectable commodity that will make healthy profits have been blown away.

We have to also remember that people thinking it was a limited edition were conned into thinking this, or what is much more likely that they chose not to look at the facts. This whisky was released in massive numbers, probably tens of thousands of bottles per each edition. Coronavirus is still rarer than GoT whisky. The only way it was limited was that Diageo has probably set a limit in the time for these products to be marketed. I doubt they consciously limited the production over that period, given the amounts in circulation.

Let us put that into some sort of perspective – in December last year Bruichladdich released 3000 bottles of their Octomore X4 series. This is the quadruple distilled single malt, that is part of a series that has been released as spirit and at 3 years old. When it was placed in their online shop, the website crashed as people tried to get hold of a bottle. I was lucky, and after 4 hours trying I managed to get 2 bottles. Still, when you look around, you can still get hold of it at auction, albeit at substantially more than the £150 release price. I bought 2 as I intend to drink one and put the other alongside my other X4’s as a collection. Even at 3000 bottles, which is only around 10 casks worth of whisky, this is not especially rare. How much less rare is the GoT whisky? I do hope that you have got my point here, as we now have to expand on what probably drove the demand.

I came to this thought based on another article I had read online. Another blog / review site I like reading during my online wondering is The Dramble. Indeed I recommend it. It has a collection of writers, although most of the content is written by its co-founder Matt Mckay. He recently wrote an article about the Talisker Distillery Exclusives, and he raised an interesting point about these distillery exclusives, and how some people feel this is unfair as they are missing out if they can’t get to the distillery. I had to laugh as they certainly missed the point of exclusives. Matt touched briefly on the FOMO fanbase. For those of you who aren’t as hip and down with the kids and street language, I can tell you that FOMO stands for ‘Fear Of Missing Out’.

Let us face it, some of us do have moments of fear that we are going to miss out on something. I am no different. Back in those dark, dark days when I was on the Macallan mailing list, I entered the ballots and crossed my fingers. I never wanted to flip any bottles – I wanted to own something that would be worth a bit of money in the long term. Of course I was trying to avoid paying the money the secondary market would eventually command. So it comes to pass that I guess in the case of the Folio 5, I have to be honest with you and I took my eye off the ball. The unforced error of not really noticing there was no commitment to limit the numbers to the same level as usual was a mistake many had made. After all, no numbers were officially confirmed for Folio 4, and it was accepted around 2000 bottles were released. Surely Macallan wouldn’t do the dirty and release 20,000 bottles, ensuring 18,000 could not collect the full set? That’s exactly what they did.

The problem I feel with limited releases (and I speak only as an enthusiast with no part in the whisky industry) is that too many people have seen the profits that some people have made and are now only too keen to buy a whisky and hopefully make the same profit. Those with little experience also misunderstand the meaning of limited release. A limited release can still have hundreds of thousands of bottle released as long as it’s only sold for a fixed time. Releases such as Ardbeg’s annual release, coupled with pretty much anything Macallan releases on a limited basis normally initially makes money and drives the flippers and those determined to obtain a bottle to buy and sell in a frenzy similar to that when a lamb is dropped in a pool of piranhas. This has perhaps provoked people who do not normally buy whisky as an investment to perhaps want a piece of the action. It is a very dangerous game to play with no knowledge and people have, and do get financially burnt by it. I’ve been buying and selling whisky for 6 years now at auction, and I know – even I get caught out sometimes, but I accept the swings and roundabouts of what I collect.

The only way such a release of whisky could ever hope to become rare and expensive is if people drink it. And while with GoT this is still theoretically possible, the whisky released was never the best products the distilleries were capable as of and there was just so many bottles released. I’ve tasted a couple of the GoT editions, and they are pretty so-so. Not bad but not good either.

So why have the prices dropped so far? I would guess that now Game of Thrones is completed and no new episodes are to come, the series has dropped out of immediate public consciousness and now they are not buying it in the same amounts. My limited experience with retail in other areas would suggest this creates excess inventory to get rid of and to do this then the easiest way is to drop the price.

Fear Of Missing Out – not having the whisky from your favourite TV show, or not being able to collect it in order to make a profit at a later date is probably what has driven this release. Possibly a bit of intrigue to see how each edition ties into each family in the story. But to be fair, it isn’t just limited to the gimmicky release that GoT obviously was. It is the same with every release from Macallan, Ardbeg, Bruichladdich amongst others. Our admiration for the brand, our desperate desire to have something no other collector has, or at least have it first, or to even just get a couple to flip so those desperate enough can get their hands on it blinds us to some harsh economic realities if we don’t take into consideration the realistic supply an demand in the future.

And here is the crux – FOMO often takes our attention from the most important thing – the whisky itself. Consider that in the whisky world that fully missing out is a rare thing – what’s on the market will eventually come around again, at least in the secondary market, and when it reappears, it may come back cheaper. FOMO is driving a monster in the whisky market which has the risk of eating itself, something those who have felt cheated over Game of Thrones are now realising, but it can be applied to those who overpay for anything. I’ve seen Macallan Folio 5 auction for a hammer price of £900. If that person failed to win the original Macallan ballot, how silly do they feel now when they could have bought mine at auction for £320 rather than overpaying the first flipper that came along? The signs of the greatly increased out-turn were all there when they were appearing on auction sites before the Macallan Ballot was complete, so why would you pay nearly 4 times the RRP?

Marketing is something that we as whisky geeks that we all have to be aware of, as it so often promises something and very often does not meet our full expectations. Fair play to Diageo – they shifted shed loads of non-premium whisky at non-premium prices and those who know very little about whisky or have duller palates are suddenly exposed to nine distilleries in the Diageo stable. Where they will not get people continuing to buy GoT bottles as it is limited, they will then most likely start buying the more profitible (for Diageo) releases from these distilleries after they made GoT fans more aware of their offerings. Diageo really couldn’t lose from this venture.

The important thing to bear in mind is that if we are true whisky geeks, FOMO should never really guide us – our palate should in the first instance, but I have to admit that I can miss this myself, and often become a bottle chaser, which is an unhealthy habit. FOMO and bottle chasing can and does lead to missing out on other things, though you often miss that point as well. How ironic.

For those amongst you reading this who have more experience than me, I hope that you are nodding your head in agreement, for you know the truth that things will eventually come back around. You may have to wait somewhat. I have that feeling with the Dailuaine I lost out on in the week previous to last. We have to move on….

In summary –

  • Don’t always believe the hype on new releases.
  • Never plan on making money, and only spend what you can afford to drink. That is what you might be doing if the price crashes
  • Make sure you know how many are being released
  • Don’t be afraid to miss out. There are thousands of fantastic whisky expressions out there, and because you don’t have one, this means you have money for another.

Yours In Spirits.

Scotty

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Scotty’s Drams encourages responsible drinking. To find out the facts about drink, and where to find help if you need it visit Drinkaware.co.uk by clicking on the link.

Rockin’ All Over The World

Taste Review #50 – GlenAllachie 15

At the time of writing this, I’m in Poland visiting family, and God knows where I’ll be when this eventually gets published, which by my reckoning will be somewhere around March. And being in Poland at this time of year takes me back to this time last year when I was in Krakow and decided to start Scotty’s Drams. The only thing that bums me out is that I don’t have a sample of the dram I was drinking when I decided to go for an amateur career in whisky blogging. Suffice to say I haven’t reviewed it yet, but its time will come!

GlenAllachie has already been reviewed this past 12 months, but it was the 12 year old I tried, and that has a solid thumbs up! It was when on my journey of whisky geekery in early October last year that I obtained a sample of the recently released 15 year old after making a purchase from one of my preferred friendly whisky shops. Since it has been in my possession, it has travelled around a bit within Scotland but I’ve never had the chance to sit down and try it. Now my daughter is in bed, I am now free to imbibe this drample.

I’m not going to write much more about the distillery, as I did that in review #16 which you can see here – GlenAllachie 12. There is a bit more about the distillery there.

What I can say is, that even in the short time that Billy Walker has been at GlenAllachie, he has built up an impressive reputation in what was an anonymous blend fodder distillery for Chivas Brothers. The 15 year old slots into the GlenAllachie core range with the 10 (CS), 12, 18 and 25 year old releases.

Anyway, less reading, more sipping! Let’s get down to the tasting.

Travel Veteran Dram. Finally got time to taste it!

Region

Speyside

Age

15 years

Strength

46% abv

Colour

Golden Mahogany

Nose

Vanilla, raisins, banana, honey, a dairy note of plain yoghurt or sour cream. Nutmeg.

Palate

Ohh. A strong tobacco note on first taste. On second taste a noted sourness develops, grapefruit. Leather, spicy wood, caramel, almost gingery. The sourness disappeared with the addition of water, and much more sweetness came out, with more dried fruits and a creamy toffee.

Finish

Medium to long. Quite peppery, as though I’ve just chewed a pink peppercorn, with the resultant fruity flavours. The sourness continues and it fades into sweetness. I’m getting cinnamon and ginger, almost like Irn Bru. Very eventful finish indeed.

The Dram

Conclusion

Well, the purpose of free samples is to try and get you to buy more, and in this case I’ll say it has worked. I did really like this whisky, and I will be buying one once I have finished with the 12 year old GlenAllachie I currently have open. I have to say that compared to the 12, this one was not so instantly enjoyable and it took me 3 or four sips to start recognising flavours. The sourness was a surprise, as this has been finished in a combination of Pedro Ximenez and Oloroso sherry casks. PX is a sweet sherry and Oloroso is a fruity sherry, and I think that I just picked up the Oloroso first. The addition of water really smoothed things out.

Applying the ABCD, this scores 4/4, as it is non chill filtered, no colouring, 46% and has an age statement. A great sherry bomb whisky which I can fully recommend.

RRP on this bottle is £62.99, but you can pick it up cheaper online. Don’t forget though you will have P&P to add though, so do what I did and go to a friendly local specialist whisky shop. You may get a wee sample while there to light your way to a new discovery!

Thanks to Kat at The Whisky Shop Dufftown for my sample. You were right, it was lovely! Pop in see their selection, or browse and shop online at www.whiskyshopdufftown.com.

Slainte Mhath!

Scotty

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Scotty’s Drams encourages responsible drinking. To find out the facts about drink, and where to find help if you need it visit Drinkaware.co.uk by clicking on the link.

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All Photos – Authors own