ACN Business

A bottle of scotch recently sold for $2.7 million – what's behind such outrageous prices?

Written by Hovig Tchalian, Assistant Professor of Entrepreneurship, University of Southern California

In November 2023, a bottle of Macallan Scotch whisky fetched the highest price of all time for a bottle of wine or spirits.Wiktor Szymanowicz/Future Publishing via Getty Images

When a rare bottle of Scotch whisky sold for US$2.7 million in November 2023, I was stunned, but I wasn’t surprised.

The whiskey market has been booming for some time.

Bo...

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A bottle of scotch recently sold for $2.7 million – what's behind such outrageous prices?

Aurecon bolsters South Australian leadership to support major infrastructure growth

Worried about your job? You’re not alone. But there are proven ways to ease job insecurity

In this year’s budget, Chalmers has to keep a lid on spending – or risk stoking inflation

Iran wants oil tariffs paid in Chinese yuan – is the power of the US petrodollar in decline?

Family and business trusts could soon have to pay more tax – with a few likely exceptions

After dumping Inland Rail, Australia has no plan to stop relying on diesel trucks for freight

Traditions of Rural Bali at Villa Sabana

NEW SOUTH WALES ABORIGINAL LAND COUNCIL LODGE COMPLAINT WITH THE AUSTRALIAN HUMAN RIGHTS COMMISSION ON CROWN LANDS BILL

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