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Japanese whisky boom sees auction sales soar
Auction house Zachys has praised a “booming” market for Japanese whisky and Scotch in Hong Kong for a 27% hike in sales during the first half of 2015 to more than US$28 million.
Two bottles of Karuizawa 45-year-old were sold for HK$232,750 (US$30,000) by Zachys Global Auction
The firm also cited “large consignments from iconic collections” as responsible for the significant increase compared to the same time last year.
Zachys said it continued to “grow and innovate” in the Asian market and “challenge long-held beliefs” about what products sell best at auction having experienced great success with Japanese and Scotch whiskies in the Hong Kong sale room.
Two bottles of Karuizawa 45-year-old were sold for HK$232,750 (US$30,000), matching prices fetched by some of the rarest Scotch brands at auction.
“We’re delighted to have started out 2015 with a bang,” commented Jeff Zacharia, president of Zachys Global Auctions. “With our multi-vendor sales in Hong Kong and New York our key offerings such as the cellar of Frank Komorowski, and our domain-direct sales, we are truly the go-to auction house for all consignors big and small.
“Our sales cater to the wide breadth of tastes of our clients internationally.
“We look forward to the fall, with a busy schedule of five auctions internationally, plus monthly online auctions.”
In August 2014, one of the rarest Japanese whiskies – a 50-year-old Yamazaki single malt – sold for more than HK$250,000.