. Earth Science News .
TRADE WARS
Rare bottles of whisky fetch record $1m each at Hong Kong auction
by Staff Writers
Hong Kong (AFP) May 18, 2018

Two bottles of rare 60-year-old Macallan whisky fetched a total of more than $2 million under the hammer on Friday in Hong Kong, Bonhams said, with both sales shattering the previous world auction record for the spirit.

One bottle, bearing a label designed by British pop artist Peter Blake -- who helped create the sleeve of The Beatles' album "Sgt. Pepper's Lonely Hearts Club Band" -- was sold for HK$7.96 million (US$1.01 million).

The other bottle, whose label was designed by Italian artist Valerio Adami, went for HK$8.63 million, a new world record for whisky sold at auction.

Both 750-milliliter vintage bottles were distilled in 1926 and matured in a sherry hogshead cask until being bottled in 1986. Only twelve of each Macallan were ever produced.

"These two bottles are not meant for sale. They were given to some of the Macallan's most loyal business partners or clients," said Daniel Lam, head of wine and whisky at Bonhams in Hong Kong.

Whisky prices have soared in recent years, with buyers shifting their attention from bigger names to rare bottles from Scotland and Japan among others, according to Bonhams.

In 2014, a bottle of malt whisky -- Macallan 'M' Decanter 6-litre Imperiale -- set the last record of HK$4.9 million at a Sotheby's auction in Hong Kong.

The value of Macallans 18 years and older has doubled in value over the past year, Lam told Bloomberg News in an interview.

While new whisky tends to be more industrialised, in the '80s and before that it was handcrafted, Lam said, adding that well-kept whisky can last forever.

In April, two other 60-year-old Macallans from 1926 were sold at a Dubai airport retailer for $600,000 each, breaking the record for the most expensive whisky sold in retail.

There is growing interest in whisky in Southeast Asian countries such as Vietnam, Thailand and Indonesia, as well as in China, Bonhams said, especially among a younger generation of collectors.

"Whisky is more like a young generation drink now, compared to cognac or even red or white wines," Christopher Pong, wine and whisky specialist at Bonhams, told AFP.

Wealthy Asian buyers have shown frenzied interest and deep pockets at art auctions in recent years, with sales of paintings, diamonds and ancient ceramics shattering world records.

zy-aph/kaf/dl

SOTHEBY'S


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
China's industrial output jumps but sales slump
Beijing (AFP) May 15, 2018
China's industrial output beat forecasts in April but retail sales slumped, official data showed Tuesday, as the world's second largest economy faces headwinds from its debt battle and US trade frictions. Output at factories and workshops expanded 7.0 percent year-on-year, the National Bureau of Statistics (NBS) said, beating the 6.0 percent recorded in March and the 6.4 percent estimated in a Bloomberg News survey. The jump in industrial activity was fuelled by the easing of winter time pollut ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
An electronic rescue dog

Brazil rescues African, Guyanese migrants drifting at sea

Latest shooting revives US arms control debate

National Guard role expanding on border: US Homeland chief

TRADE WARS
Keep the light off: A material with improved mechanical performance in the dark

Waterloo chemists create faster and more efficient way to process information

Supercomputing the emergence of material behavior

Your body is transparentized in a virtual environment

TRADE WARS
Even low concentrations of silver can foil wastewater treatment

Marine animals have been following their preferred climate for millions of years

Peatland contributions to UK water security

Only 1 pct of Japan's biggest coral reef healthy: survey

TRADE WARS
Antarctica tourism regulation urgent for environment: summit

Ice stream draining Greenland Ice Sheet sensitive to changes over past 45,000 years

NASA completes survey flights to map Arctic springtime ice

Geoscientists suggest 'snowball Earth' resulted from plate tectonics

TRADE WARS
Some calories more harmful than others

UN, EU call for global action to protect bees

French farmers furious over plans to release bears

Pesticide resistance needs urgnet attention, large-scale study finds

TRADE WARS
Monitoring lava lake levels in Congo volcano

Continental shelf shape leads to long-lasting tsunami edge waves during Mexican earthquake

Vanuatu to permanently evacuate volcanic island

Dangerous 'laze' forms as Hawaii volcano lava reaches ocean

TRADE WARS
12 civilians killed in Mali market attack

African nations vow to recover stolen assets

Pay-backs to Africa from the Paris Agreement's temperature targets

In Lagos, the 'Venice of Africa' fights for survival

TRADE WARS
Trait tied to autism may explain emergence of realistic art

What we inherited from our bug-eating ancestors

Where hominid brains are concerned, size doesn't matter

UN: 68 percent of world population will live in urban areas by 2050









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.