Tag Archives: Ballantines Finest

Weekly Whisky Auction Watch – 19th May 2015

The early 1980’s… Average UK house prices were around £25,000, Macallan’s 1928 Anniversary Malt was retailing for £50 per bottle and the Scotch whisky industry was heading for meltdown. Over-production followed by severe global recession brought with it the rationalisation of an industry we know and love today.

One of the best known casualties was Port Ellen.

The early 1980’s… Relative unknown indie bottler James MacArthur released an innocuous, plain and inconspicuous bottle of 12 year old whisky from Port Ellen. The cost of which would have been infinitesimally small in todays world. Port Ellen was blend fodder, not the iconic collectable and (at risk of being hung, drawn, quartered, minced and fed to voracious red bellied Piranha by the anti-whisky-investment-league) valuable commodity it is today.

Port Ellen James MacArthur's 12 year old
£8,200 on the hammer

Assume a cost of £30 per bottle (it was probably far less) and push forward the clock to now. That £30 bottle has increased by a quite frankly ridiculous 27,000% to its current value of £8,200. That was the price paid for one of these rarities at the recent Whisky-Online Auctions (W-OA) sale which makes it both the most expensive bottle of Port Ellen and the most expensive bottle of 12 year old Scotch ever sold at auction.

Why? Clearly rarity plays a factor as does the distillery of origin but overarchingly it’s reputedly amazing whisky… No bullshit, just great Scotch (now there’s a marketing strapline I’d like to see!).

Laphroaig 12 Cad c1970Ardbeg 10 late 1970's

Port Ellen wasn’t the only Islay show stopper at the recent W-OA sale. A late 1970’s bottled Ardbeg 10 year old achieved £1,550 and an exceptional old Cadeneheads 12 year old Laphroaig fetched £3,600. Bowmore’s 1957 38 year old achieved £4,100 leaving its 2010 price of £1,000 as a distant memory.

Bowmore 1957

One of the other highlights of the auction was a very well kept collection of older Connoisseurs Choice bottles (cream and brown labels). While the fill levels were expectedly variable, the general condition of the bottles was excellent. Many sold for record prices including –

Ardbeg 1974 13 year old – £430, up from £380 in 2012

Dallas Dhu 1968 14 year old – £280, up from £95 in 2009

Glenkinchie 1964 19 year old – £260, up from £127 in 2012

Glenlossie 1968 14 year old – £250, up from £100 in 2013

Imperial 1969 14 year old – £160, up from £100 in 2013

Brackla 1969 14 year old – £160, up from £90 in 2009

Increasingly collectable. 1980's bottled Connoisseurs Choice
Increasingly collectable. 1980’s bottled Connoisseurs Choice

Couple the north highland seaside town of Brora with the Rare Malts Selection series and you’re almost guaranteed exceptional results. An incredibly rare 60.02% ABV variant of the legendary Brora 1972 22 year old fetched £3,200, doubling its 2012 price of £1,600. A bottle of 1975 20 year old Brora achieved £650, more than doubling its last UK auction outing of £300. Cross the road, literally, to the very much alive and kicking Clynelish and the ultra rare 1972 22 year old bottled at 58.64% sold for £825, way up from the £323 paid in 2011… 1972 was a good vintage in Brora!

Significant growth for Rare Malts Brora and Clynelish
Significant growth for Rare Malts Brora and Clynelish

Moving back down to the eastern flanks of Speyside and Ardmore’s highly sought after ‘Pure Malt Whisky’ 15 year old Ardmore 15 year oldpushed through £1,000 for the first time when the hammer fell at £1,050. In 2011 just £550 would have taken the bottle.

Having looked at some of the positives, we should always look at the not-so-positives. Someone recently asked me “Andy, just between us, what’s the worst whisky you’ve ever tried?” The answer galvanised me to mention this weeks final bottle. While in my opinion it’s not the worst ever, so far this year I’d have to say my least favourite dram is Inchmurrin 12 year old. Clearly taste is completely subjective but I couldn’t finish a glass of it recently. From the same distillery and showing not every bottle distilled in the 1960’s will increase in value, a bottle of Inchmurrin 1966 sold for £110; exactly half its previous UK auction price of £220 (2013).

50% loss
50% loss

While the weather in the Highlands has been far from spring-like with four degrees centigrade and sleet at the weekend, the rare whisky market continues with a warm glow. Let’s hope it doesn’t become too overheated come summer.

Until next time.

Slainte,

Andy

Images courtesy of Whisky-Online Auctions.

Now and Then – Blends of old and their Contemporary Counterparts.

Or

The Past and The Present – A crystal ball for the future?

Bacon sandwiches and a good coffee were just the aperitif for a hard-days drinking, or rather sampling. Sampling of eight old blends alongside their current siblings. Siblings is a good analogy; family similarities could be seen… but the differences were, in some cases, vast.

The ‘Now & Then’ had their inaugural get together in Edinburgh.

Why the ‘Now & Then’?

We meet now & then, every three months or so and we compare/contrast whisky from now and then.

Scoring each whisky out of 10, being one man down (Gavin D. Smith couldn’t make it) meant each whisky could achieve a maximum 40 points. We (Charles MacLean, Darren Leitch, David Robertson and I (Andy Simpson)) nosed and tasted the whiskies blind each time by three of the four of us (one of us prepared the samples for two old and two new bottles), in clear rather than blue glass and compared old v new for the following major brands –

Now (purchased March 2015)   Then (mid – Late 1970’s bottles)

Ballantines Finest                         Ballantines Finest

Black Bottle                                   Black Bottle

Chivas 12                                       Chivas 12

Grants Family reserve                 Grants Stand Fast

Johnnie Walker Red Label           Johnnie Walker Red Label

Teachers Highland Cream           Teachers Highland Cream

White Horse Fine Old                   White Horse Fine Old

Whyte & MacKay Special             Whyte & Mackay Special


Charles getting into his 1970 Johnnie Walker Red Label
Charles getting into his 1970’s bottled Johnnie Walker Red Label
Darren being well dressed and perfectly groomed
Darren being well dressed and perfectly groomed
David doing what he does best
David doing what he does best.
Andy clearly disliking something. Guess what?
Andy clearly disliking something. Guess what?

This isn’t going to be a traditional write up of tasting notes, it’s going to be a little more focussed on the stats. While we took detailed notes, RW101’s modus operandi is to use data to drive our insight and intelligence.  The numbers don’t lie so we’re more or less going to stick with them.

Blends are where it all started for Scotch whisky as a ‘proper’ industry so blends were where we started. The biggest whisky companies in the world are primarily blenders and the biggest selling Scotch whiskies (by millions of cases) in the world are blends. Love them or loathe them, without blends we would be without Scotch as we know it today. Worthy of note; all but one of these bottles bore no age statement in both old and new guise. Chivas 12 year old was the only whisky with an age statement. Clearly the expectation for malts is very different and we’ll certainly cover that old chestnut another time.

The Final Scores

Each old whisky was carefully chosen to be the closest ‘dead’ relative of its current bottle so we could accurately compare apples with apples.  Having old and new for exactly the same variant meant we could also review product changes, ‘flavour-drift’ (as Charles so eloquently says) or, in some cases, product zig zag!

Cutting to the chase for those who want to know the results, here are the final scores out of a maximum of 40 points –

a. Final Results
Ranked in order, the final scores for all sixteen bottles

The most striking thing is, without exception, the top eight positions are occupied by the older bottles – Not one of the modern-day variants made it into the top 50%. There’s even a notable drop from the lowest scoring old whisky (Ballantines) to the highest scoring new whisky (Chivas 12). Ballantines also displayed the most consistent profile between old and new; there were very clear similarities.

What we thought of the top two and the bottom two.

Ranked 1 out of 16: Chivas 12 (old) was described as – Sweet, Complex and interesting with good texture, lightly woody and a hint of smoke.

Ranked 2 out of 16: Johnnie Walker Red Label (old) – Rich, parsnips, artichoke (waxy), tinned tomatoes, hessian, light sweetness then dry, old fashioned.

Ranked 15 out of 16: Grants Family Reserve (new) was described as – Thin, young, grainy, chemical and bitter.

Ranked 16 out of 16: Whyte & MacKay Special (new) was described as – Sweet and mild. Grainy (acetone), hot – a surprise. Fades to nothing.

Overall Brand Scores.

When both old and new scores are combined, the overall best scoring brand is Chivas, taking 51 points out of a maximum 80 and just four points ahead of second place Johnnie Walker Red Label. Third place went to Grants who were 1.5 points behind Johnnie Walker. The lowest overall brand score was Whyte and MacKay who achieved 31 points, largely down to the very low score achieved by the modern day bottling.

b. Brands Ranked
All eight brands ranked in order of scores

 

Highest Personal Scores.

Subjective? Yes.

A matter of personal taste? It has to be.

…But the broad similarity in preference is more than a coincidence. There are clear winners.

Joint high scores are recorded where someone ranked two or more whiskies as their top score.

Old Bottles.

The Average of the personal high-scores for the old bottles was 8.3 out of 10.

The old bottles had some very clear winners. The only perfect 10 was awarded to Johnnie Walker Red Label by David, a nose more used to malt than blend…he obviously loved something in this old JWR.

Personal high scores for the old bottles
Personal high scores for the old bottles

Chivas 12 took the day with three top scores, closely followed by Johnnie Red with two top scores. Grants Stand Fast took a respectable third place.

Ranked 3 out of 16: Grants Stand Fast (old) was described as – Rich, fruity, very light cereal (rice), light scorched cloth. Drying towards the end; some spice in the finish

Almost everyone had the same top three. The most lavish in awarding his points was David, the hardest nose to please was Charles.

The most consistently scored old bottle (the bottle with the least variation of scores) was Whyte & MacKay. It scored a consistent six other than myself, and I scored it five. The most divisive old bottle was Ballantines finest where Charles scored it three and Darren scored it eight (David scored five and I scored six).

New Bottles.

The average of the personal high-scores for the contemporary bottles was 6.25.

Black Bottle and Teachers took the joint highest personal scores and were the only current bottles to score 7 or more. One of the largest polarities in score was my White Horse score of 5, David scored it just 1 with notes saying it was exceptionally bitter.

Personal high scores for the new bottles
Personal high scores for the new bottles

Ranked 10 out of 16: Teachers (new) was described as – rice pudding, rubber, dried fruits/Xmas cake mix – European oak. Rich and sweet taste, hint of coal smoke.

Ranked 13 out of 16: Black Bottle (new) was described as – light, more acetone, meaty, roast beef crisps, salt.

Lowest Personal Scores.

Old Bottles.

The average for the lowest scoring old bottles was 4.60.

With both David and Charles giving it their lowest score, Ballantines Finest was the worst performer of the old bottles.

Personal low scores for the old bottles
Personal low scores for the old bottles

Ranked 8 out of 16: Ballantines Finest (old) was described as – Somewhat closed. Carpet, flour paste; pleasant, some apple tart. Ashy and dusty.

Ranked 7 out of 16: Whyte & MacKay Special (old) was described as – Very mild nose, some face cream. Fresh, fruity, slightly musty, flour paste, somewhat artificial.

New Bottles

The average for the lowest personal score for the new bottles was 2.30.

Whyte & MacKay received the lowest score from all of us. In some cases it was a joint low score but the commonality was striking. Was there an element of significant batch variation with the Whyte & Mackay? Whatever it was, it was unilaterally scored the lowest.

Personal low scores for the new bottles
Personal low scores for the new bottles

Ranked 14 out of 16: Johnnie Walker Red Label (new) was described as – Deep colour. Deep acetone; colour suggests more. Thin. Grain whisky.

Summary and Conclusions.

Which nose was hardest to please and who was most generous with their points?

Andy awarded a total of 76 points.

Charles awarded a total of 76.5 points.

David awarded a total of 84 points.

Darren awarded a total of 99 points.

In total, 335.5 points were awarded from a maximum of 640 (both old and new combined). The split of total points is below –

Total available points and total points achieved by both new and old
Total available points and total points achieved by both new and old

The old bottles took 66% of their total possible points and the new bottles took just 39%. The old bottles in effect scored 70% higher than their modern day contemporary releases.

I’ve purposely referred to scores and numbers here rather than better or worse. That said, it appears the old variants are simply ‘better’ than the new ones in all cases. We came up with some musings as to why that might be –

1 – Age – Is the average age of whisky in the old bottles higher (the old age debate comes up again)? Both the malt and the grain components?

2 – Recipe – Higher malt content?

3 – Wood – More sherry influence in the old bottles and less ex BB from USA?

4 – Process – Barley varieties, slower malting, gentler mashing, more complex fermentation, direct fired stills and different cut points?

5 – Bottle ageing – How does the spirit change in the glass over time (to some degree, chemically it must), softening, rounding out and harmonising flavours?

All simple hypotheses and none would be easy to prove one way or the other. That said there really is no escaping the significant difference between the big-brand blends of now and then.

So what?  Where can you go to get these great old blends?  Auctions maybe, private collections possibly… And what of the future? Will flavour-drift continue? I shall look forward to doing this again in ten years.

The next time we’re together we move onto malts. David’s task, which he’s chosen to accept, is sherry-bombs of now and then. As the ex-Master Distiller from the (past?) king of sherry, The Macallan, it seems a fitting challenge.