Bottles of rare malt whisky now fetch £286 on average at auction as the market continues to grow.
Between April and June this year, 21,617 bottles were sold at auction worth almost £6.2 million, figures from whisky experts Rare Whisky 101 showed.
The popularity of Scotch in the US and Asia has led the large drive in prices, with just £2.8 million spent on rare whisky in the same three months in 2016.
Rare Whisky 101 analyst and co-founder Andy Simpson said: "Any question as to whether the recent increases in the rare whisky market would begin to plateau can, for now, be summarily dismissed.
"Even we wondered whether the market could continue to expand at such levels following another record-breaking year in 2016.
"The performance of Scotch malt whisky at auction over the past three months has been nothing short of phenomenal.
"The growing popularity of online auctions, combined with recent moves by traditional rare whisky retailers to set up their own auction sites, continues to drive demand.
"By joining the secondary market sector, these 'bricks and mortar' retailers have finally realised that they can't afford to lose rare whisky customers to the auction market.
"Anecdotally, we have seen growing demand from North America and Asia over recent times.
"We have also experienced a dramatic increase in enquiries from Asian and US professional buyers looking to set up new supply agreements to capitalise on this dynamically-growing market."
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here