1984 midleton very rare value?

kevingleeson

What is the value of an unopened bottle of 1984 midleton very rare?

squidgy10

http://www.obrienswine.ie/Spirits/Midleton-Very-Rare-Irish-Whiskey---70cl-Bottle/18187/

kevingleeson

ah yes but this is a new 2009 bottle im talking a genuine bottle from 1984

Bogger77

if it's in a 1984 bottle, and it was casked in 1984, I'd say very little

Surely it spirit from pre 1984 that's in the bottle?

kevingleeson

yes i persume so its the original midleton very rare which was bottlred in 1984. the first one made but yes the whiskey would be much older

shanel23

An '84 is one of the early ones - I've seen them reach anywhere from 500-800 on ebay . I think '84 is when the Midleton very rare concept started - so a nice one to have in any collection .

kevingleeson

Yes i believe it is the first produced one

shanel23

kevingleeson wrote: »

Yes i believe it is the first produced one

whats the number on the bottle ?

kevingleeson

I havent recieved it yet, I will update you in next 24hours or so but i dont mean first bottle ever i mean its 84 which is first batch of bottles so i would imagine quite valuable?

Brockagh

It's the very first Midleton Very Rare and comes in a white box. Very nice. Whiskey in it is around 8 yrs old, much younger than the whiskey in the modern vintages.

These used to go for big money, before the recession. Retailing at around 700 or 800, but now you can pick them up for less than 300 euro.

kevingleeson

has anyone the knowledge to list the best dates to buy on an investment point of view?

eurokev

I work for a large wholesaler. Its would retail for well in the k's. I saw a bottle of 198(something) in either cork or dublin jameson museum last year for about 2.5k. realistically tho you will never recieve that amount of money for it, €800 if youre very very lucky. Dont drop it

LifesgoodwithLG

Heah there,

Midleton is absolutely gorgeous and a lot of people want to collect a year from each vintage, I have asked how much this vintage costs and have been informed that they only get to be very expensive when a collector is missing a year. Best tip try on EBAY and scan to see if any others are for sale / requests in for them etc. If you are in Dublin you could try the Celtic Whiskey Shop on Dawson street 1) Ask how much it would take to source one for you or how much they could sell it for.

Brockagh

kevingleeson wrote: »

has anyone the knowledge to list the best dates to buy on an investment point of view?

Funnily enough, you'd probably get most for the 1986, 1987 and 1988, as they don't come up as often as the 1984 or 1985. Also depends on condition of the box and bottle. Also, the 2000 makes more money, because it's the millennium year.

Apparently, they made less of the 2009 and it's in short supply. Don't know this for sure, though.

I have bought a lot of them and never paid over 300 for a 1984. Even bought one for less than 200 euro.

At one stage a few years ago, the whole collection was for sale for 50,000 euro. Of course, nobody would buy it for that price.

Brockagh

LifesgoodwithLG wrote: »

Heah there,

Midleton is absolutely gorgeous and a lot of people want to collect a year from each vintage, I have asked how much this vintage costs and have been informed that they only get to be very expensive when a collector is missing a year. Best tip try on EBAY and scan to see if any others are for sale / requests in for them etc. If you are in Dublin you could try the Celtic Whiskey Shop on Dawson street 1) Ask how much it would take to source one for you or how much they could sell it for.

The price in the CWS has dropped dramatically for these. With Irish whiskey, there aren't as many collectors. So the initial price might be high until all the collectors have their bottle. Then it drops right down.

eurokev

great post by brockagh seems entirely accurate from my knowledge of the area

IrishWhiskeyCha

Also, remember a Specialist retailer will hike up the price and sit on the bottle until that one desperate person comes in and willingly pay as they eagerly want it.

So never base the price of old whiskey on the specialist retailers price.

The value of these in auction is usually half the specialist retailer price and that is where collectors usually source their bottles. This would include Ebay, WhiskyAuction and McTears Whisky auctions.

I too have bought many bottles similar to price that Brockagh has bought.

And old does not neccessairly mean valuable. Much old Irish whiskey goes for quite reasonable prices in Auction.

Example I sourced a bottle of Jameson Pure Pot Still which was bottled circa 1918 for under €200 at auction and that included postage from the US. Yet this bottle would retail in a specialist retailer at probably €1000. So be care about retail prices as you may get overly excited yet and you may find nobody has any interest in your bottle for inflated prices. The question you need to ask is, is it better to make a reasonable but modest profit rather than own a €1000 valued bottle that you cannot sell.

MediaTank

Brockagh wrote: »

I have bought a lot of them and never paid over 300 for a 1984. Even bought one for less than 200 euro.

At one stage a few years ago, the whole collection was for sale for 50,000 euro. Of course, nobody would buy it for that price.

For reference, I bought a 1984 for IR £40 in 1989. I remember the price because it was so much money for a bottle of whiskey at the time.

IrishWhiskeyCha

MediaTank wrote: »

For reference, I bought a 1984 for IR £40 in 1989. I remember the price because it was so much money for a bottle of whiskey at the time.

That is interesting to know and actually probably more expensive in real terms than €150 a bottle is today.

IR£40 is equivlent to €50.80

MediaTank

IrishWhiskeyCha wrote: »

That is interesting to know and actually probably more expensive in real terms than €150 a bottle is today.

IR£40 is equivlent to €50.80

Some digging and guesswork, suggests that at today's prices that £40 is around €100. Still not a bargain.

kevingleeson

well from what iv read here it seems like irish whiskey is thus a silly investment and maybe better off in scotch or elsewhere, just thought that lot of these prices seemed low due to recession

kevingleeson

Then again recession has all of these items hit badly and with greater american demand irish whiskeys may rocket in price post recession

IrishWhiskeyCha

MediaTank wrote: »

Some digging and guesswork, suggests that at today's prices that £40 is around €100. Still not a bargain.

I did a small bit of research too and yes looks like you are close.

and it looks like that todays price is actually dearer contart to what I thought.

In 1989 the weekly industrial wage was 271.91 (Euro)
In 2009 the weekly industrial wage was 595.45 (Euro)

a ratio of 1 : 2.2 (approx)

So 50.80 (IR40/) = €111.76

But Midleton

1989 = €50.80 (IR£40)
2009 = €145

a ration of 1 : 2.85 (approx)

We possibly have more disposable income these days though so maybe not seen as much.

MediaTank

IrishWhiskeyCha wrote: »

We possibly have more disposable income these days though so maybe not seen as much.

That was my thinking! £40 was a lot to me in 1989.

danotroy

Hello all. A friend if mine is selling a bottle of 1987 midleton very rare any ideas on how much he would get for said bottle and where he should go to sell it?

johnmolloy554

PM sent

Brockagh

danotroy wrote: »

Hello all. A friend if mine is selling a bottle of 1987 midleton very rare any ideas on how much he would get for said bottle and where he should go to sell it?

That one is actually more valuable than the 1985 because they don't come up very often at all.