1、Fine&Rare Whisky Market at AuctionDecember 2024Annual ReportWHISKY INTELLIGENCE REPORTContributing MembersExecutive SummaryUnderstanding the Macro ContextWhat is Happening to Other Luxury Goods and Collectibles?Market Review:A Downturn of Painful ProportionsIndustry Interview with:Jonny FowleWhich B

2、rands Top the Tables?A Changing Overseas Buyer DynamicIndustry Interview with:Isabel Graham-YoollDo Cask Finishes Have an Impact at Auction?The Future of Whisky in a Changing ClimateAuction Houses vs Auction Sites:What the Data ShowsInsights into Data MethodologyDisclaimerCover image credit:The Maca

3、llan(TIME:SPACE Mastery)Contents46121622404654586468747880Noble&Co4Whisky IntelligenceAnnual Report December 2024Contributing MembersDuncan McFadzeanHead of Food&DrinkDuncan is Noble&Cos Head of Food&Drink.He has led work for The Borders Distillery,Adelphi,The Macallan,Compass Box,Innis&Gunn and Sim

4、pson Reserved amongst others.Prior to Noble&Co,Duncan had 10 years as an equity research analyst for Merrill Lynch and various fund management firms.Edward Lanaghan AssociateEddy currently works as a member of the Noble&Co execution team.He is a seasoned Chartered Accountant who has over ten years o

5、f experience in professional services,with particular focus in debt advisory.Eddy works across all sectors and has been actively involved in several whisky transactions this year.Kal SanghaHead of Sustainable Finance Kal joined Noble&Co in 2021 to support projects providing high impact for people an

6、d planet.Experience includes natural capital&biodiversity restoration,sustainable farming for agriculture&aquaculture,clean&renewable energy including green hydrogen,circular economy technologies and health&social infrastructure.Matthew GordonAnalystMatt works for Noble&Co across a range of sectors