japanese whisky price explosion

Posted a bunch of classifieds today, all sorts of stuff for sale. Within an hour, I got a response for a hand blender we never used. Walked down to the station to exchange–the buyer sent her son, hahaha.

hk2016yoichi12

Clicking around the website, found some whiskies for sale. This is Yoichi 10, for sale at equivalent of US$240. This was what we saw at Nikka distillery in 2014:

nikka132yoichi10

Distillery price of ¥4,643 translates to US$40. Granted, distillery price was the absolute lowest available. I don’t have Yoichi 12; I have even better: 2 bottles of 15yr and a bottle of 20yr. I bought the 20yr at the distillery for equivalent of US$190. I repeat, open market price for a 10yr is $240; I bought a 20yr at the distillery for $190.

hk2016miyagikyo12

Here’s another for sale. Miyagikyo 12 for US$330. I bought mine in Japan for the equivalent of US$70. I also have a bottle of 15yr for just under US$100. Miyagikyo distillery is located in Sendai, around 120km from the Fukushima nuclear plant that was devastated after the tsunami in 2011. Even though at the time the distillery didn’t suffer damages, I always think people will be wary of the water quality in whiskies down the line. Miyagikyo is very rarely seen outside Japan, which adds to their value. Personally, I prefer it to Yoichi so I began looking out for them early on in our Japan travels.

It’s unreal, seeing Japanese whiskies advertised at prices that are multiples of how much we paid. It’s another sign of the serious shortage of Japanese whisky, and how aged expressions will soon be no longer available. This definitely bumps up the prices. Holy cow, how much is my Yoichi 20 worth? If I bought it at US$190, and open market is running at 5x that, it’s worth, gulp, almost US$1,000. Or more, since older whiskies are always more expensive.

Not that I’ll ever sell, mind you.