Is Dalmore a good whisky investment?

Based on 3,232+ auction observations across 151 expressions, the average bottle median is up 3.5% over the past 12 months. Volatility of returns sits at ±27.2%, meaning individual bottles can vary substantially around that average.

What's the best-performing Dalmore bottle this year?

Dalmore Cigar Malt Old Style is up 80.0% YoY — currently fetching £180 median at auction (vs £100 a year ago).

Where can I see live Dalmore auction prices?

wsky1 aggregates hammer-price data from Scotch Whisky Auctions, Whisky Auctioneer, Whisky Hammer, Bonhams, Whisky Bull and whisky.auction. See the full Dalmore catalog with live prices: /distillery/dalmore.

wsky1

Whisky investment intelligence

Investing in Dalmore

151 Dalmore expressions tracked across 3,232+ auction observations. Style: sherried, rich, citrus. Highland region, founded 1839.

12-mo avg return

+3.5%

Median return

+0.0%

Volatility (±)

27.2%

Verdict

Stable, modest appreciation

Top performers (12 months)

Dalmore bottles with the largest year-over-year median price gains.

Bottle	Current median	12mo ago	Change
Dalmore Cigar Malt Old Style	£180	£100	+80.0%
Dalmore - Spey Dram (Season 2011) Whisky Auction	£275	£155	+77.4%
Dalmore - Tay Dram (Season 2011) Whisky Auction	£295	£170	+73.5%
Dalmore 15 Year Old & Glasses Set	£108	£65	+65.4%
SMWS 13.83 Dalmore 2013 7 Year Old	£85	£55	+54.5%
Dalmore 18 Year Old	£147	£100	+46.7%
Dalmore 1990 22 Year Old First Cask	£120	£85	+41.2%
Dalmore Rivers Collection Tay Dram 2012 Season	£115	£83	+39.4%

Blue-chip Dalmore

Highest median auction price — the established collectables.

The Dalmore Single Cask 23 Year Old, Matusalem Oloroso Finish, 1999

£4,800

10 observations

Dalmore 1973 33 Year Old Cabernet Sauvignon

£1,900

9 observations

Dalmore - The Portfolio Series No.3 (In Collaboration with V&A Dundee) Whisky Auction

£570

4 observations

Dalmore Quintessence

£405

23 observations

Dalmore Luceo Travel Exclusive 70cl / 40%

£400

3 observations

Entry-level (under £150)

Affordable Dalmore expressions for first-time collectors — at least 3 auction observations to confirm market liquidity.

Dalmore 12 Year Old Old Style Mini 5cl

£15

7 observations

Dalmore Richard Paterson’s 50th Anniversary Book

£40

9 observations

Dalmore 12 Year Old 70cl / 40%

£45

3 observations

Dalmore 12 Year Old Kyndal

£48

19 observations

Dalmore 12 Year Old (Dee Dram)

£49

238 observations

Cooled off (12 months)

Dalmore bottles that have softened — either fair-value entry points or bottles to avoid, depending on your thesis.

Dalmore - 20 Year Old (2023 Edition) Whisky Auction	£185	-57.5%
Dalmore - 2003 (Vintage) Whisky Auction	£85	-52.8%
Dalmore 20 Year Old Asian Exclusive	£195	-36.1%
Dalmore 1992 Mackenzie	£330	-34.0%
Dalmore - 16 Year Old (Luminary No.2) 2024 Edition	£160	-33.3%

How wsky1 thinks about whisky investment

Past auction prices are the most defensible signal of a bottle's collectable value — but they are not a forecast. The data below comes from 3,232+ hammered lots across six major auction houses; none of it is curated or pay-for-placement.

Three rules-of-thumb a working collector should keep in mind:

Liquidity matters. A bottle that trades once a year cannot be priced reliably. Filter for ≥3 observations before you trust any "median" number.
Premium swings. Major auction houses charge 24–28% buyer's premium on top of hammer. Net return after both buy- and sell-side premium is roughly hammer × 0.78 ÷ paid × 1.26.
Concentrated risk. One bottle is a story; a 6-bottle portfolio across two or three distilleries is an asset class.

For a deeper view, the full Dalmore catalog with live prices lists every tracked expression with its full price history chart.

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