Interesting article. Most market indices are driven by a small number of high performing stocks.
You make the point that -“Apparently a lot of whiskies have a price change close to zero. This should be of no big surprise since a lot of new releases are entering the market and it takes some time to move the price”
It’s actually worse than this as many new entrants to the market fall from their first auction price for 4 or 5 months before regaining an upward trend. Macallan Folio 5 for example was fetching 785 Euros in January 2020. It’s now fetching 568 Euros.
This is a very common pattern for new releases and I wonder why collectors buy in the first auction. It can’t be to make money so I suppose the reason must be to be the first amongst their friends to own a new release.