Is Dalmore Set to Rival Macallan for Auction Prices?

No whisky today is as collectible as Macallan: It’s the only brand to break the $1 million-mark for a single bottle—multiple times—and even its less high-achieving offerings consistently sell for several times the value of a luxury sports car. But a Highland single malt scotch recently showed it can demand the same astronomical hammer prices as Macallan: Dalmore.

At a sale ending on May 28, Sotheby’s, London set a new auction record for the distillery, when two bottles of Dalmore 62 year old fetched more than half a million dollars combined. Separate private collectors from Asia paid equal amounts for Dalmore 62 year old The Mackenzie and Dalmore 62 year old The Cromarty, bottles No. 2 and No. 5, respectively, from an original series of twelve bottles named after significant elements of Dalmore and its history. “Having not one, but two of these bottles in a single sale made history, and the outstanding result achieved on both bottles shows that the market for whisky collecting is very much alive,” said Jonny Fowle, Sotheby’s spirits specialist, in a statement. With the auction conducted entirely online, Sotheby’s analysis revealed that collectors from over 25 countries took part, and two out of five bidders were younger than 40 years old. The sale smashed through Sotheby’s pre-sale estimates of $92,000­–$122,000 for each bottle, overtaking the previous record held by Christie’s, and significantly raising the bar on what Dalmore can achieve at auction (see below).

Other than Macallan, no other scotch whisky is currently achieving this level at auction. The next most expensive Dalmore bottling to sell at auction was a 1951 Dalmore 59 year old Eos, which netted less than half what these 62 year olds achieved. These Sotheby’s records could be the start of an upward trend, with more Dalmores coming to auction as collectors recognize the value they could yield. Though not as prolific as Macallan, Dalmore has had no shortage of rare, extra-mature, and unique single malt releases over the years, and could very well add a dynamic of competition to future auctions.

Top 10 Dalmore Bottlings at Auction

Hammer Price Bottling Date Auction House
$271,062 Dalmore 62 year old The Mackenzie May 2020 Sotheby’s
$121,026 1951 Dalmore 59 year old Eos May 2019 Bonhams
$117,119 Dalmore 49 year old L’Anima May 2019 Sotheby’s
$70,466 Dalmore 50 year old 2017 Release October 2019 Sotheby’s
$70,326 1951 Dalmore 58 year old Selene February 2018 Bonhams
$61,768 Dalmore 50 year old Candela April 2017 Sotheby’s
$53,811 Dalmore 50 year old Crystal Decanter October 2019 Sotheby’s
$45,260 1964 Dalmore 49 year old October 2013 Worshipful Company of Distillers’ Charity Auction
$38,530 Dalmore Oculus November 2009 Bonhams
$36,253 1926 Dalmore 50 year old Ceramic Decanter June 2018 Bonhams


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