Asian collector paid record-breaking £16 million GBP for barrel of Scotch whisky

Europe: An Asian collector recently paid a record-breaking £16 million GBP (nearly 19 million euros) for a barrel of Scotch whiskey, according to the sources.

The 1975-dated barrel, known as “Cask No. 3,” comes from the Ardbeg distillery, which is situated on the Scottish island of Islay. It is a component of Glenmorangie, which is a part of LVMH (Louis Vuitton Mot Hennessy), a French luxury goods conglomerate.

Over the following five years, Ardbeg will remove 88 bottles of whiskey every year from the barrel and send them to the customer. This works up to £36,000 for each bottle.

Moreover, Barrels are selling like hotcakes as whiskey is making a comeback. The previous record was nearly £1 million for a barrel of Macallan from 1988 when it was set in April, but it has already been broken.

As per the sources, the enormous sum may be understood by the fact that it also includes all potential future expenditures, such as those associated with storage, bottling, labelling, insurance, and so on.

Due to the fact that it is quicker and less expensive, a barrel is often bottled all at once.

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