Bonhams Edinburgh

29. March 2017 | 2.4K Views
Please note that this article is based on the old Whiskystats database.
Some numbers and figures may not match what you find in the Whiskystats 2.0 database.

After we trained our algorithms to read prices from Bonhams Hong Kong, the next obvious step is to also get the prices from Bonhams Edinburgh. These new observations perfectly blend in with those from the other european auctioneers. Here are the prices from Bonhams Edinburgh!

Our recent introduction of the Bonhams Hong Kong price-observations showed that the reason why we are interest in analyzing the data from Bonhams is not the quantity of bottles traded but the rarity of those bottles. The same is true for Bonhams Edinburgh. In total we added 3.376 prices which affected 1.596 whiskies in our database. This are pretty much the same numbers that we observe each month at or With this new prices we also added 241 new whiskies to our database. Again keep in mind that we solely focus on single bottle lots of scotch and japanese single malt whiskies.

Most Traded

We already know that the by far most traded distilleries at Bonhams Hong Kong are Macallan and Karuizawa. Thereby Karuizawa accounted for about a 25% more trades than Macallan. At Bonhams Edinburgh we see that there is no such strong focus on japanese and Karuizawa whisky in particular. Instead we see that more than 700 of the 3.376 price observations come from Macallan. Second placed Springbank only accounts for around 200 trades. On the places follow Glenmorangie, Bowmore and Ardbeg with all little less than 200 observations. In fact there is no japanese distillery among the top ten in Bonhams Edinburgh.
Bonhams Edinburgh Distilleries Considering the above plot, it is of now surprise that the single most traded whisky at Bonhams Edinburgh is a Macallan. The Macallan 33yo (1948) Royal Marriage was traded 44 times at Bonhams Edinburgh since November 2008. The most recent price observations though come from Hong Kong, where it is traded for little less than 4.000 Euros at the moment.
Glenmorangie 22yo 1963 The most traded Non-Macallan whisky at Bonhams Edinburgh is the Glenmorangie 22yo (1963) Original Bottling. We observed 28 trades in Edinburgh for this whisky. The first as well as the latest price observation for this whisky come from (yellow dots). The price tag moved from 576 Euros in September 2006 to 1.920 Euros in August 2016. In between the prices at (yellow dots) and Bonhams Edinburgh (green dots) always lied at about the same level. This is an overall impression we get from the Bonhams Edinburgh prices. While the price observations from Hong Kong (especially the early ones) often clearly exceeded the ones observed in western europe, these Edinburgh prices blend in well.

Most Expensive

The most expensive trade of a single bottle we observed was for a Glenfiddich 64yo (1937) Rare Collection. This whisky was sold in October 2016 for jaw-dropping 80.000 Euros. Unsurprisingly, this whisky doesn’t belong to the regularly traded bottles, and hence we only find one price for it. The most expensive trades that we do display in our database is another Glenfiddich. The Glenfiddich 50yo (1937) was sold for 23.227 Euros in June 2014. Overall this whisky was only traded at Bonhams. The latest price from March 2016 was 17.420 Euros realized at Bonhams Edinburgh.
Glenfiddich 50yo 1937
The third most expensive trad is a true Metusalem. The Macallan 50yo (1928) was distilled almost 90 year ago. Also old are the two price observations we find for it. The first one comes from October 2011 with 19.598 Euros. The second one from June 2012 for 20.342 Euros.

Edinburgh vs. Hong Kong

Finally we would like to compare Bonhams Edinburgh to Bonhams Hong Kong. For this purpose we constructed two indices which only include price observation from the respective Bonhams branch. These indices describe the value development since January 2012 of the 50 most traded whiskies in Edinburgh and Hong Kong, respectively.
Bonhams Indices We see that from January 2012 to August 2015 the respective 50 bottles gained more than 50% in value both in Edinburgh and Hong Kong. While the 50 bottles in Edinburgh experienced a constant increase in value, those in Hong Kong gained 30% in value from August 2014 to August 2015 alone! It is worth noticing that it was in August 2015 where the Japanese Whisky Boom climaxed. Consequently, also the Bonhams Hong Kong index, which consists of many japanese whiskies, saw its peak during this time. In contrast, the Bonhams Edinburgh whisky, which hardly includes any japanese whisky and is domintad by Macallan bottlings, continued to rise ever since.
We also noticed that this new bunch of price observations further pushed Macallan up on our distillery ranking. The Macallan distillery still resides on place two, but now only just behind Hanyu. It will be interesting to see if the Macallan index continues to skyrocket like it did over the past year, and maybe soon be the top distillery on the secondary whisky market by all means.

Found in Shops:
Macallan 15 Year Old Double Cask Speyside Single Malt Scotch Whisky
70cl / 43% / Distillery Bottling - Macallan is known for ageing its whiskies in sherry casks and the Double Cask range, of which this 15 year old single malt is a part, explores what happens when whisky aged in two types of sherry-seasoned oak is combined. Matured in both European and American oak casks, this smooth single malt has notes of dried fruits, orange zest, melted chocolate, oak spice and honey.
Fair Priced
97 GBP Shop Price at The Whisky Exchange
100 GBP Estimated Market Value
Macallan Terra Speyside Single Malt Scotch Whisky
70cl / 43.8% - A delicious single malt whisky from Macallan’s Quest Collection, Terra is a complex whisky with a distinctive flavour of toffee, dried fruits and rich, woody spices. Aged exclusively in first-fill sherry casks, Terra has a golden amber colour, and aromas of dried fruits, citrusy lemon and toffee. The palate brings flavours of ripening apple and ginger, and finishes with sweet dried fruits and woody spices.
160 GBP Shop Price at The Whisky Exchange
210 GBP Estimated Market Value
Macallan Rare Cask Batch No.2 / 2018 Release Speyside Whisky
70cl / 43% / Distillery Bottling - The second Rare Cask for 2018 – No.2 of three. Macallan Rare Cask is a small-batch release from the Speyside favourite, bringing together just 50 sherry butts to craft a rich and fruity dram. This Macallan at its most traditional and best.
Slightly Underpriced
350 GBP Shop Price at The Whisky Exchange
405 GBP Estimated Market Value

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