For the latest business news and markets data, please visit CNN Business. Thirst for the liquor is booming around the world -- from the U. The problem is that age-labeled single malt Scotch has always been, by design, a limited commodity.
Scotch Whisky is a distilled spirit made in Scotland from cereals, water and yeast. Find out more here. Production and maturations of whisk e y is governed by law, not the word.
The identity of the private buyer was not revealed. But a Bonhams spokesman said on Wednesday that the person was from Asia and had made the bid over the phone. The bottle was put up for sale in Edinburgh, sitting atop a display stand covered in tartan and encased in a specially designed cabinet. The Macallan, a Scottish distillery, commissioned the pop artist Valerio Adami to design a label for the whisky, which was bottled in after aging for 60 years.
Yep, a quick one million dollar phone call later, the famed Macallan expression was sold. Distilled in and bottled inthis bottle is number 5 of 12 signed by a famed Italian artist. According to Bonhams, 'the original wooden crate which houses the bottle accompanies this lot.
Pricing, availability, vintages and ratings subject to change at any time. Barton Distilling Company Lauder's Scotch 1. A smooth, blended Scotch whisky imported from Scotland.
Scotch lovers, you'd better stock up: There's a global shortage of age-labeled single malt Scotch whisky, and prices are going up. CNN Money reports that because Scotches are legally required to age for three years, demand is now outpacing supply. It gets worse: The shortage could last 10 to 15 years.