Whiskystats：2025下半年威士忌市场更新报告：高端威士忌迎来入手良机？（英文版）

The third quarter of 2025 was relatively calm for most collectable assetclasses we track. Whisky tried to recover from the Q2 tariff shock thatwe highlighted in our 2025 H1 report. In a calm market with low tradingvolume, the Whiskystats Whisky Index basically moved sideways in July,August and September and eventually closed the third quarter with aminus of 1%. Collectable watches and wine also did not move much in Q3,as the ChronoPulse Watch Index lost 0.4%, and Fine Wine, represented bythe