Noble&Co：2023年度威士忌情报报告（英文版）

In this report, we consider the context for fine and rare whisky at auction. The macro-climate has definitely taken a turn for the worse over the year with rates having risen materially, inflation not falling as much as hoped and growth slowing in China and North America. With that in mind, it’s no surprise the auction market feels the pain. In Q3 we saw falls in the key financial indices and instruments such as NASDAQ, DJIA, Shanghai Composite and Bitcoin. But it’s not just the economy that