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Nick Brown wrote:It's amusing to see that Ardbeg is going to auction bottle number 1 - wouldn't it be embarrassing if (as I fully expect) it sells for less than they charged winners of their "lucky lottery".
I have a feeling there might be quite a few Ardbeg 1965s coming up for auction soon...
Not wanting to open this whole can of worms again but I hope your right.
Maybe then they will decide to sell it at a more 'reasonable' out rageous price
MrTattieHeid wrote:Yes, there seems to be an Ardbeg backlash going on around here; I'd take it with a grain of salt (or maybe a drop of water). That said, it is a risk, and if you can't afford it, you can't afford it. In this case, it's probably better to risk being sorry you didn't buy it than to risk being sorry you did.
That's known as the minimax strategy - minimizing your maximum losses.
martin grant wrote:Just to let you all know that the Caley Bar, part of the famous Caledonian Hilton Hotel on Princes Street Edinburgh has a bottle of Ardbeg 1965 behind the bar. If. like me you can't afford a full bottle, at least you can have a taste here.
I don't think I could afford a taste either...
It probably work out at well over £100.00 a shot at bar prices. I think I'll stick to buying a full bottle of something else thank you very much.
BTW - I spoke to the Ardbeg chap at Whisky Live and he said he could have sold his Scotland allocation three times over - so perhaps demand was higher than I expected. I still think we'll need to wait a couple of years to gauge real value at auction.
Doesn't seem like unprecidented demand to me! If it had been 3000 applicants then maybe I would have thought twice but on this occasion I politely declined, saving my £2 grand for something better.. I'm sure a good proportion of the 112 also entered the ballot for fun rather than with a serious aspiration to get hold of a bottle.
I agree with the suggestion that the on-line auction sites are insane - I bought 6 bottles of 17yo Arbeg a few months ago at £60 when some stock breifly came on sale on Ardbeg's on-line shop. Even while the stock was avialable at this price bottles were routinely going for £80+, I notice that the current going price is £100-130!
Apparently the 2003 'Committee Reserve' I bought for £100 is fetching £250+ on eBay, which has insensed me as it is now too valuable to drink!
With this insanity in mind I recently got hold of 6 "peat packs" from the distillery shop for £15 a pop in the sale... I haven't split them open yet as I figure if I hang onto them until the 17yo minatures are also out of stock the value of the intact box will also spiral out of control.
I think it's all daft - whisky is surely for drinking not collecting... but while there are fools out there I may as well take advantage eh?
NB - I am prone to gross generalizations. Forgive me.
And Serendipity - wasn't that supposed to be a one-off "accident"? It's lasting very well in that case...
Anyway, if you bought the 1965, take heart. Some Russians I know bought a bottle and intend to hammer through it at a retirement dinner in Moscow quite soon. So that'll be one less for the auction market!
The Glenmorangie MD was quoted recently in the FT as saying they could and should have charged more. Watch out for more of this nonsense then!
112 people entering a lottery for the privilege of spending £2000 sounds like pretty heavy demand to me. Think how many would enter if it were for a chance at a free bottle.
Serendipity is lasting very well because no one wants it! Marketing can put lipstick on a pig, and often enough convince plenty of people to kiss it, but it can't make the pig fly. Or something like that.
MrTattieHeid wrote:112 people entering a lottery for the privilege of spending £2000 sounds like pretty heavy demand to me.
The question is what people were expecting to get for their £2000 - was it a bottle of whisky or was it [potential] profit? If it was profit, then it becomes almost self-fulfilling. Those who didn't get the bottle will pay more on the expectation of further profit, and so on until the bubble bursts. This is what happens when people have spare money and don't know what to do with it.
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