1、Fine&Rare Whisky Market at AuctionJune 2025Quarterly UpdateWHISKY INTELLIGENCE REPORTCover image:Sothebys(Black Bowmore-Aston Martin DB5 31 Year Old,1964)Executive SummaryMacro and Market Economic ContextOverview of the Sector PerformanceInsights into Data MethodologyDisclaimerContents46122628Execut

2、ive SummaryNoble&CoWhisky IntelligenceQuarterly Report June 2025Noble&CoWhisky IntelligenceQuarterly Report June 202545Our 11th Whisky Intelligence Report shows that the Scotch whisky auction market has seen a continued decline in the first four months of 2025,following the downtrend observed in 202

3、4.Regionally,all major whisky-producing areas experienced sharp volume declines,with Speyside losing market share and suffering a 28%fall in average prices.Islay and Campbeltown showed more resilience.Despite a seasonal increase in auction listings,the sustained price and value deterioration suggest

4、s an ongoing correction rather than a recovery.However,one glimmer of light was the percentage of lots unsold at auction.Auction volumes dropped 37%year-on-year,while transaction values fell by over 50%year-on-year.Average bottle prices hit a new low of 211 in April 2025.High-end bottle sales over 1

5、0,000 have nearly vanished,making up just 0.1%of volume and 5.7%of value.The shift in demand has concentrated sales under the 1,000 mark,now accounting for 96%of volume and 63%of total value.Independent bottlers,once resilient,saw auction activity drop by more than 45%,with few exceptions.Image:Bunn

6、ahabhain Distillery Sign 6Macro and Market Economic Contextremain tilted to the downside,including elevated borrowing costs and weaker private sector sentiment.United KingdomFollowing a slowdown in the second half of 2024 due to weaker exports and global challenges,the UK economy showed signs of rec