Business | Jun 19

Japanese whisky fetches $600,000 in NY auction

Jun 19 (NHK) - A bottle of Japanese whisky has fetched 600,000 dollars in a New York auction.

The Yamazaki 55 single malt whisky by Suntory Spirits was sold by Sotheby's on Friday. The price was 100,000-200,000 dollars higher than expected.

Yamazaki 55 is a blend of malt whiskies from the same distillery, which have been aged in different casks for more than 55 years. A limited number of bottles went on sale in 2020 for about 22,000 dollars each.

Sotheby's website says Yamazaki 55 sits at the "pinnacle" of collectible Japanese whisky, "as not only the oldest but also the most valuable bottle in the country's history."

The price of Japanese whisky has been driven up by growing global demand and a shortage of materials. In 2019, a set of 54 bottles of Ichiro's Malt Card Series whisky produced in Saitama Prefecture sold in a Hong Kong auction for about 910,000 dollars.

Source: ANNnewsCH


MORE Business NEWS

In a move to address the significant issue of food waste, which amounts to approximately 5 million tons annually across Japan, convenience store chains are intensifying their discount strategies.

Amid a nationwide trend of retail closures, Japan's department store sector has achieved record profits, particularly bolstered by the influx of foreign tourists, fueled by a favorable exchange rate.

In a historic move, the Japan Fair Trade Commission (JFTC) has issued its first administrative sanction against American tech giant Google.

POPULAR NEWS

A former host admitted to knowingly receiving approximately 25 million yen that had been deceitfully obtained by a woman known as "Top Girl Ririchan," in a trial held on April 23.

A cherry tree located at one of Kyoto's busiest pedestrian streets, Sanneizaka, a main pathway to Kiyomizu Temple, suddenly fell at 11:45 AM on Tuesday, trapping a school teacher beneath.

The biannual Spring Garden Party, hosted by the Emperor and Empress, took place at Tokyo's Akasaka Imperial Garden on Tuesday, with Princess Aiko gracing the event, warmly engaging with the guests.

The site of the former Tsukiji Market is set for a major transformation, including a stadium with a capacity of 50,000 people and a launch pad for flying cars.

The Nagoya District Court delivered a severe sentence on Monday to Mai Watanabe, 25, who operated under the alias "Itadakijoshi Riri-chan (Riri the sugar baby)" and was charged with fraudulently obtaining cash from men. She has been sentenced to nine years in prison and fined 8 million yen.

FOLLOW US