Ultra-High-Net-Worth Investors: Whiskey and Auction Prices

ultra-high-net-worth investors: According to global consultancy Knight Frank which recently released its Wealth Report focused on the wants and needs of the uber-rich rare whiskey was up in value roughly 40% last year and more than 580% over the past decade, according to Market Watch. To determine this, Knight Frank tracked 100 bottles of the world's most desirable rare Scotch whiskey and U.K. auction prices on it. That's what ultra-high-net-worth investors seem to be telling themselves about investing in rare whiskey. Other studies also show whiskey values rising. Indeed, a bottle of Macallan set a record in early October going for about 1.1 million, only to be topped a month later by another bottle of Macallan, which sold for a record 1.5 million. Last year was a transformational one for rare single malt Scotch whisky, according to the Knight Frank report. (news.financializer.com). As reported in the news.