The Knight Frank Luxury Investment Index (KFLII) has shown that whisky has risen dramatically in value in the last ten years. In fact, in just the last 12 months it has already grown by 40% in value.
For the first time, the KFLII featured a top 100 Whisky Index. Which listed 100 different bottles of the world’s most desirable and rare Scotch whisky’s. This list also tracked the UK auction prices of each bottle.
In doing so they found that over the past ten years the value of whisky has grown by almost 600%.
The most significant sale of 2018 was a bottle of Macallan 1926 that was hand painted by the Irish artist Michael Dillon. It sold for a record-breaking £1.2million ($2.21million AUD) in November.
“The stunning price growth of rare single malt whiskies shows that the appetite for new ‘alternative’ asset classes remains strong among high-net-worth investors,” said Andrew Shirley, editor of The Wealth Report and the Knight Frank Luxury Investment Index.
According to the Knight Frank Luxury Investment Index, Whisky was followed by coins in annual growth (12%) and wine which was third on the list with a growth of 9%.