ADDRESSING RARE WHISKY’S COUNTERFEITING PROBLEM

On 11th April, European CEO published an article saying that the rare whisky market is worth millions, with samples from before 1900 proving particularly valuable. However, new research suggests many vintage bottles are not the real deal.  It points out that the most expensive bottle of whisky ever sold – a 1926 bottle of Scotch that had been hand-painted by Irish artist Michael Dillon – was purchased for £1.2 million last year; but refers then to a 2018 study which found that, out of 55 tested bottles, 21 were found to either be completely inauthentic or, at the very least, not distilled in the year they claimed to be.  The company that published that report says that it categorises fakes into 3 distinct areas: refills, replicas and relics.  It says that the protector of the good name of scotch, the Scottish Whisky Association, typically have around 70 ongoing court cases at any one time – but often these efforts focus on low-cost, generic fakes being sold in foreign markets.  It is suggested that, as with many financial actions, due diligence is the best way to avoid being scammed.  The article concludes by saying that it is estimated that around £41 million worth of rare whisky currently in circulation is fake.

https://www.europeanceo.com/lifestyle/botched-scotch-addressing-rare-whiskys-counterfeiting-problem/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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