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AUCTION

Swedish auction toasts most expensive whisky

Sweden is known for its expensive alcohol, but this one takes the prize (and price). A 1928 bottle of rare Macallan whisky went under the hammer for 216,000 kronor ($24,982) at an auction.

Swedish auction toasts most expensive whisky
Sweden's most expensive whisky ever has been sold. Photo: Jessica Gow/TT

The bottle, which is the most expensive ever sold in Sweden, was snapped up by an unknown buyer at an auction organized by auctioneers Stockholms Auktionsverk and Systembolaget, the country's state-run alcohol monopoly, on Thursday.

“It's a very special bottling that comes from an old traditional crafts production,” said Sören Nylund, valuation expert for Systembolaget's auctions, in a statement.

The whisky is part of a limited edition of 500 bottles which were distilled in 1928 and bottled in 1983, but few remain today.

“The bottles have decreased in numbers, which makes them very attractive,” said Nylund.


The 1928 Macallan bottle of whisky. Photo: Stockholms Auktionsverk

It was not known whether the buyer planned to consume or collect the rare whisky. However according to Nylund it is likely to lose both its flavour and its value as time goes by.

“It would be a shame if this bottle meets that fate. Let us instead hope that it will be enjoyed on a special occasion,” he said.

The Macallan is a Scots single malt whisky, produced in Craigellachie in the Speyside region of Scotland. The distillery also  holds the Guinness World Record for the most expensive whisky ever sold in the world: a Macallan M Imperiale 6-litre Lalique decanter snapped up at an auction in Hong Kong for $628,000 in 2014.

DIAMOND

Rare pink diamond to go under hammer in Geneva

An extremely rare pink diamond will be auctioned in Geneva on November 11 by Sotheby's, which says it is worth between $23 and $38 million.

Rare pink diamond to go under hammer in Geneva
A model poses with the “The Spirit of the Rose” diamond during a press preview on Friday. Photo: Fabrice Coffrini/AFP
Named “The Spirit of the Rose” after a famous Russian ballet, the 14.83-carat diamond mined in Russia is the biggest ever to go under the hammer in its category — “fancy vivid purple-pink”.
 
The occurrence of pink diamonds in nature is extremely rare in any size,” Gary Schuler, head of Sotheby's jewellery division, said in a statement. “Only one per cent of all pink diamonds are larger than 10-carats.”
   
Speaking to AFP, Benoit Repellin, head of fine jewellery auctions at Sotheby's Geneva, said the oval-shaped diamond was “completely pure.”
 
 
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The rough diamond was unearthed by Russia's Alrosa — one of the world's leading diamond producers — in the Republic of Sakha in the northeast of the country in July 2017.
   
Repellin said it took a painstaking year for cutting masters to turn the diamond into its polished form.
   
Sotheby's said the world auction record for a diamond and any gemstone or jewel was the “CTF Pink Star”, a 59.60-carat oval pink diamond that sold for $71.2 million in Hong Kong in 2017.
   
According to Repellin, five out of the 10 most valuable diamonds ever sold at auction were pink.
   
The sale of this gem coincides with the closure of the world's largest pink diamond mine in Australia after it exhausted its reserves of the precious stones.
   
The Argyle mine, in the remote Kimberley region of Western Australia, churned out more than 90 percent of the world's pink diamonds.
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