NFTs made their first big splash on the whisky auction scene in October with the record-breaking £1.7 million sale of a rare Macallan cask which comes with its own specially-commissioned NFT. The Macallan 1991 cask claimed the title of the most expensive cask sold at auction to date, overtaking a similar Macallan 1991 cask which sold for $572,978 (£419,678) back in August 2021.
The cask was sold by London-based brokerage VCL Vintners who decided to include an NFT (Non-Fungible Token) to represent the cask instead of a more traditional verification photograph. NFT artist Trevor Jones was commissioned to create the digital art piece named “The Angel’s Share” (pictured above, image credit: Trevor Jones).
The record-breaking cask is thought to contain around 600 bottles of 51.1% ABV Scotch. This equates to a price of £2842 per bottle when the lucky new owner eventually decides to bottle their purchase.
Whisky aficionados will be keenly aware that the Macallan distillery has a track record of creating record-breaking Scotch. The distillery also holds the record for the most expensive bottle of whisky ever sold for aMacallan 1926 60-Year-Old Scotch which changed hands in 2019 for £1,452,000.
“The collaboration with Trevor and Metacask to create an abstract NFT artwork — which is based on an oil painting – gives the new owner a 21st-century way to connect with their whisky,” commented Stuart Thom, Director ofVCL Vintners.
“Instead of a photo which is for verification purposes more than anything, the way Trevor is using new technologies to engage fresh audiences with traditional art forms fits exactly what VCL Vintners and Metacask are wanting to achieve for the whisky investment industry. Our goal is to bring wonderfully complex and old things to as many new people as possible, and to enhance their understanding and access to it through technology.”