Bottle of Glen Flagler whisky sells for a record $273,000

The 2019 Global Wealth Report from Knight Frank sheds light on the luxury items that have experienced the greatest change in value over the past decade.
These days, bottles of rare whisky are particularly sought after, especially single malt Scotch varieties. Last year was noteworthy when a bottle of Scotch set a £700,000 ($925,000 USD) record at auction in October before being beaten a month later when a bottle sold for £1.2 million ($1.6 million)
Distilled in 1926, the hand-painted bottle was sold at Christies’s wine and spirits auction in London. Over the past 24 months, rare whisky has gone up in value by 40% and over the past ten years, it has soared 582%.
This makes it by the best performing luxury asset class; far ahead of fine art, jewelry, collect-able automobiles, diamonds, or fine wine.
Whisky is increasingly seen as an invest-able asset in both emerging and mature markets, This week an investor in Dubai purchased a limited edition bottle of Glen Flagler for a record $273,000.
The Glen Flagler brand has increasingly been gaining a strong following in emerging markets at the ultra-premium end of the spectrum, competing with traditional giants such as Glenfiddich and The Macallan.
15% of the Glen Flagler bottle price was donated to a rain-forest conservation project.

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