The First Art Newspaper on the Net    Established in 1996 Tuesday, May 17, 2022

Rare whiskey collection expected to fetch $10 million at auction
Whisky Auctioneer Founder, Iain McClune, at The Gleneagles Hotel American Bar.

by Laura M. Holson

NEW YORK (NYT NEWS SERVICE ).- For more than two decades, Richard Gooding traveled the world in search of his favorite whiskeys. Next year, the more than 3,900 bottles he collected will be sold in two auctions, including rare offerings from storied distilleries such as Macallan, Bowmore and Stromness.

Whisky Auctioneer, an online auctioneer based in Scotland, announced the sale Monday and expects the collection to fetch more than $10 million.

Gooding, a Colorado businessman, was a frequent traveler to Ireland and Scotland, where he attended auctions and purchased whiskeys directly from distilleries, according to a video about the collection.

As well as buying rare vintages, he bought one-of-a-kind whiskeys for tasting with friends.

Gooding, who died in 2014, was the scion of a distribution and bottling empire; his grandfather started the Pepsi Cola Bottling Co. of Denver in 1936. The younger Gooding inherited the company from his father and took over as owner and chief executive from 1979 to 1988, according to his obituary.

In 1988, he sold the company to PepsiCo and spent his remaining decades as a philanthropist and whiskey collector.

His collection includes rare offerings, such as a 60-year-old Macallan Valerio Adami 1926. Only 12 bottles of the single malt Scotch were bottled with a label created by the pop artist Valerio Adami. Last year, a bottle from the Scottish distillery sold for $1.1 million at auction.

Gooding’s collection also includes a bottle of Macallan 1926 Fine & Rare. One was sold in October for $1.9 million at a Sotheby’s auction in London, a record price, Spirits Business website reported.

“Macallan, as a distillery, is the most collectible,” said Jeffery Lindenmuth, the editor of Whisky Advocate, a consumer magazine that focuses on industry news and tastings. “They consistently break records at auction.”

Gooding had eclectic taste, and was interested in aviation, boat design, architecture, food, travel and fashion, the obituary said. He was enamored of custom suits, which he wore with ties from Leonard, a Parisian clothing designer known for its brightly colored prints. But mostly, he loved whiskey.

Until recently, the collection was housed in Gooding’s “pub,” a room in his home designed to showcase each bottle.

“His mission was to collect a bottle that represented every single distillery,” his wife, Nancy Gooding, said in a statement. “He loved every aspect of it, from researching the many single malt distilleries to visiting them and tasting their whiskies.”

Among the bottles to be sold in two separate auctions in February and April are some from Scottish distilleries that are no longer operating, including the Stromness Distillery, which closed in the 1920s, and Dallas Dhu, which closed in 1983 and now houses a museum. Gooding also collected whiskeys from the United States, Ireland and Japan.

Collectors have been driving up prices in recent years, particularly for whiskeys made in Scotland and Japan. Lindenmuth said rare U.S. whiskeys at auction often sell only for thousands of dollars, while those from Scotland and Japan can fetch $1 million or more.

“Nothing seems to rival them,” he said.

Lindenmuth said the most high-priced bottles at the auctions are unlikely to be bought for drinking.

“These will end up in the hands of another collector,” he said. “People buy them for speculation, bragging rights or they are trying to complete a collection.”

Of note is that the collection is being sold by an online upstart instead of Sotheby’s, a dominant player in the whiskey auction business.

In whiskey auctions, buyers pay a premium based on the selling price of the item. At Sotheby’s, for example, buyers pay a premium of 21%, Lindenmuth said. The premium at Whisky Auctioneer, by contrast, is 10%.

“It’s a shrewd move on the part of the seller,” he said.

© 2019 The New York Times Company

Today's News

December 11, 2019

Man in black: Soulages gets Louvre tribute for 100th birthday

Banana-eating performance artist was 'hungry'

Vero Beach Museum of Art appoints new Museum Art School Manager

'It must have been love' Roxette singer dies aged 61

Collection gift expands Saint Louis Art Museum's holdings of American modernism

Princess Diana's 'Travolta' dress brushed off at auction

The Holy Family, separated and caged, in church protest

Revered by Aztecs, Mexican hairless dog in style again in hipster era

Exhibition of new works by Richard Tuttle on view at Pace Gallery

Chris Newth named Associate Director for Collections and Exhibitions at the Princeton University Art Museum

Ansel Adams and The American West Photographs from the Center for Creative Photograohy total: $1,098,250

Rare whiskey collection expected to fetch $10 million at auction

Jacqueline de Jong's first solo exhibition in the UK on view at Pippy Houldsworth Gallery

Dozens of world records toppled in $9.4M Heritage Sports Card Auction

Gibbes Museum of Art announces winner of 1858 Prize for Contemporary Southern Art

The New Orleans Museum of Art exhibits its Latter-Schlesinger Collection of Portrait Miniatures

Christie's Handbags x HYPE totals $2.1 million with bidding from 22 countries

Great day for losers: Wimpy Kid author gets French medal

Panned 'Joan of Arc' film wins top French prize

Christmas in Iceland means a 'flood' of books under the tree

Turkey court keeps renowned philanthropist in jail

Eritrean artists profit from peace to make their mark on Ethiopia

Paris Opera ballet dancers hang up shoes in pension-reform protest

Interior Design Trends to Watch for in 2020

Want to Know How Art Collectors Take Care of their Priceless Collections? Read This!

Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez

sa gaming free credit

Royalville Communications, Inc
Founder's Site. Hommage
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site Parroquia Natividad del Señor
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful