Prospective whisky investors are often advised to buy two bottles; one to drink and one to hold.

The advice seems suspiciously tailor-made to drive scarcity of the asset and thus bolster prices of the dwindling stock remaining in circulation.

It’s effective.

Were they still alive, my Scottish grandfathers would have rolled about the floor laughing, or sobbing, at the notion that a bottle of whisky could fetch £1.5 million ($1.9 million).

They’d be all the more puzzled, given that it has always been true ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium

Or buy full access to this story only for £13.00

Please login to activate the purchase link or sign up here to register an account

Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.