Business Maverick: Scotch Whisky Prices Jump as Investors Seek Haven, FT Says

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 84%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The value of rare Scotch whiskies has climbed by more than a fifth this year as younger investors sought tangible assets amid volatile financial markets, the Financial Times reported.

Volumes have jumped by almost a quarter, the FT said, citing a report by Scottish investment bank Noble & Co. The increase in auction sales was mainly driven by bottles priced between £100 and £1,000, with that category seeing values rising 40% and volumes 30% in the first three quarters.

The report was conducted with data science company Brainnwave and tracked more than half a million auction transactions over the past decade. Choppy markets have bolstered demand for rare whiskies as alternative investments, the FT cited Noble as saying. Sales at investment firm Elite Wine & Whisky highlight that trend.

Elite saw demand spike after the UK’s “mini-budget” in September roiled markets, and its turnover has risen 70% so far this year to £17 million, the newspaper reported. Scotch made up three-quarters of Scottish food and drink exports last year and more than a fifth of all UK food and drink shipments, the FT said, citing the Scotch Whisky Association.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 3. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

19 celebrities who have been married 3 or more times | Business InsiderJennifer Lopez married her fourth husband, Ben Affleck, in July 2022, making her one of many celebrities to have walked down the aisle multiple times.
Fonte: BISouthAfrica - 🏆 34. / 51 Consulte Mais informação »