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Japanese Whisky at Auction

Ganga
Expert Junior Junior Expert
Posted on 31-01-2018 at 20:39 pm

I guess the madness is not limited to Scotch whisky and Bourbon.  


https://www.forbes.com/sites/felipeschrieberg/2018/01/31/50-year-old-japanese-whisky-is-most-expensive-ever-sold/#3fa265373f86


"Some people have more money than palate." - Ganga

mrgood
Expert Junior Junior Expert
Posted on 31-01-2018 at 20:49 pm

The only surprising thing to me is that it wasn't a Karuizawa.

Incidentally... "spirit retailer... has just announced the opening of its ballot... to win the chance to buy one of 150 bottles of a Karuizawa 35-year-old single sherry cask whisky.  Ballot winners will be awarded the opportunity to buy bottles at a price of $12,500 each."

IF they legitimately have that much demand for old Karuizawa it's no wonder inflation is out of control, because clearly demand (and senseless demand at that) is going at ludicrous speed.

VaryingViewpoint
Expert Senior Senior Expert
Posted on 31-01-2018 at 20:55 pm

There's a lot of people (more than most people think) with more money than they can spend in a lifetime. No wonder they spend it the way that they do. Even if they are disappointed in their purchase they just move on the their next. No harm no foul. For them.

  Edited on 01-02-2018 at 02:05 am
One life... Drink it well
lincolnimp
Connoisseur Connoisseur
Posted on 31-01-2018 at 22:43 pm
mrgood wrote:

The only surprising thing to me is that it wasn't a Karuizawa.

Incidentally... "spirit retailer... has just announced the opening of its ballot... to win the chance to buy one of 150 bottles of a Karuizawa 35-year-old single sherry cask whisky.  Ballot winners will be awarded the opportunity to buy bottles at a price of $12,500 each."

IF they legitimately have that much demand for old Karuizawa it's no wonder inflation is out of control, because clearly demand (and senseless demand at that) is going at ludicrous speed.


 Even If I was an uber millionaire I would not be patronised by having to enter a ballot just to have the opportunity to buy one. You either want my money or you don't.


peatbogger
Specialist Specialist
Posted on 01-02-2018 at 01:33 am

lincolnimp wrote:

mrgood wrote:

The only surprising thing to me is that it wasn't a Karuizawa.

Incidentally... "spirit retailer... has just announced the opening of its ballot... to win the chance to buy one of 150 bottles of a Karuizawa 35-year-old single sherry cask whisky.  Ballot winners will be awarded the opportunity to buy bottles at a price of $12,500 each."

IF they legitimately have that much demand for old Karuizawa it's no wonder inflation is out of control, because clearly demand (and senseless demand at that) is going at ludicrous speed.


 Even If I was an uber millionaire I would not be patronised by having to enter a ballot just to have the opportunity to buy one. You either want my money or you don't.



Well, as a seller of an item in limited stock I suspect they don't care if it's yours or someone elses money wink


And the comment from Sotheby's on the 50YO bottle: We are thrilled with the new record price!

Ganga
Expert Junior Junior Expert
Posted on 02-02-2018 at 01:41 am
mrgood wrote:

The only surprising thing to me is that it wasn't a Karuizawa.

Incidentally... "spirit retailer... has just announced the opening of its ballot... to win the chance to buy one of 150 bottles of a Karuizawa 35-year-old single sherry cask whisky.  Ballot winners will be awarded the opportunity to buy bottles at a price of $12,500 each."

IF they legitimately have that much demand for old Karuizawa it's no wonder inflation is out of control, because clearly demand (and senseless demand at that) is going at ludicrous speed.


They've gone plaid!

lincolnimp
Connoisseur Connoisseur
Posted on 02-02-2018 at 20:08 pm

I wonder how long it will be for those Karuizawa to turn up at auction or perhaps on the Market place, won`t be long I am sure wink

Ganga
Expert Junior Junior Expert
Posted on 04-02-2018 at 01:33 am

We need to put my quote on shirts and show up at auctions.



"Some people have more money than palate"


lincolnimp
Connoisseur Connoisseur
Posted on 16-02-2018 at 00:35 am

lincolnimp wrote:

I wonder how long it will be for those Karuizawa to turn up at auction or perhaps on the Market place, won`t be long I am sure wink


About 1 week then, what a joke, this is one of the bottles that the TWE were selling a week or two ago for £2750 I believe.

https://www.just-whisky.co.uk/february-2018/53453-karuizawa-33-years-old-emerald-geisha-sherry-cask-no8908-2000000027951.html

  Edited on 16-02-2018 at 00:40 am
whiskgeek
Member Senior Senior Member
Posted on 16-02-2018 at 05:58 am

Somebody upped a TWE price? Times are changing, I guess.

mrgood
Expert Junior Junior Expert
Posted on 16-02-2018 at 17:25 pm

whiskgeek wrote:

Somebody upped a TWE price? Times are changing, I guess.

Maybe not so much changing as changed.  

I hate to say it but if an auction bid is going this much higher then it suggests TWE's high pricing on this was not only realistic but actually low.  Say what you will about TWE's pricing but unless they find themselves sitting on large stocks for an exorbitant amount of time, they aren't over-pricing, they're pricing to the market...  such is the world we live in now...  I'm going to cry into a reasonably priced blend tonight.

crazyji
Member Senior Senior Member
Posted on 20-02-2018 at 20:03 pm

If they can afford it, good on them. Enjoy. 

lincolnimp
Connoisseur Connoisseur
Posted on 20-02-2018 at 20:34 pm
mrgood wrote:

whiskgeek wrote:

Somebody upped a TWE price? Times are changing, I guess.

Maybe not so much changing as changed.  

I hate to say it but if an auction bid is going this much higher then it suggests TWE's high pricing on this was not only realistic but actually low.  Say what you will about TWE's pricing but unless they find themselves sitting on large stocks for an exorbitant amount of time, they aren't over-pricing, they're pricing to the market...  such is the world we live in now...  I'm going to cry into a reasonably priced blend tonight.


All correct of course but they are pricing for the collectors (ok) and investors/flippers and that is the whole problem. Everything virtually over a few hundred quid is sold on investment potential and re sale viability these days, don't bother worrying yourself about the quality, that's not important but hey its got a fancy box and label etc

I don`t think anyone can predict when it will end but if everyone gets scared to open up some of their prized bottles because of their perceived worth then what what will everyone be talking about on this forum???

Just my thoughts.

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