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2012
March
Madness - April
Fool
Welcome
to the Spring edition of "Dram-atics"
where I'll be suffering from a little of my own "March
Madness". Spring is definitely in the air, samples are
flourishing on my desk and a magical milestone is most
certainly within sight.
Sit tight and enjoy the ride!
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Saturday April
14th
2012
Online Age Verification
or
"900
years old and still going strong"
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The strange
phenomenon
that is called
Social Media wasn't even a glint in my Father's eye when I was
born, but today it is everywhere and especially strong in the
world of bloggers, twits and wannabes in almost every field
including whisk(e)y.
Of course there
are always issues of "responsible drinking" and also
age concerns when it comes to alcohol, but in my opinion some
people take it a step too far.
Why is it that
most distillery websites which are just marketing tools and
not shops have age checks before you're allowed to enter the
site, whereas online whisky shops almost never do? No, I'm not
advocating more of these checks, I just don't see their point! |
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Coming back to
this strange thing we now call Social Media; my twitter
account recently received a message from one of the 'global'
whisk(e)y companies informing me that in order to prove my age I
must click on an internet link which they kindly provided and
which required nothing other than my date of birth and
my country of residence. I would
argue that many, if not most, seven to ten year olds are
computer literate enough to use twitter, create an account and
find such people to follow. They are also computer literate
enough to find any old numbers on the keyboard and enter them into such an age check.
So, to cut a
long story short, the said company now accepts that not only
do I enjoy a whisk(e)y in a renowned 'dry' country with
an obviously German-based IP address, but I am by
far the oldest person on Earth; welcome to 900 year old Mr.
WhiskyEmporium, living in Saudi Arabia and born 11.11.1111. Dear
Mr. Whisk(e)y company, I Unfollowed you anyway. |
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Monday April
9th
2012
Blind Scotch Whisky Dot Competition
or
"A
Blind Bambi"
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As I mentioned (below)
last week
I have,
rather foolishly as it now seems, agreed to join Oliver's blind
whisky tasting competition, for which I received 5x 3cl samples
identified only with coloured dots. I now have to try and
correctly identify their following attributes; age, % abv,
distillery and even actual expression.
So far I have
tried just a little from three of these and I can honestly
say "I have no idea" or as we sometimes say "A blind Bambi". I
guess when I try the remainder of the samples it'll be a case of
"Blind Bambi with no legs" or "Still no idea".
Anyway, what do
I have so far? Well, I can't say too much regarding
specifics, not only because I have no idea, but also in case I
give away any secrets to my fellow competitors who may be
reading this.
Black Dot:
Very interesting, a most
enjoyable dram.
I have an idea of the abv, well within a large range
which is too large for me to submit to Oliver, as is my current
idea of the age range. As for distillery, well I've narrowed it
down from around 100 to just eight but what are the odds that
I've selected the wrong eight? Once I decide upon the distillery
I'll try to guessify the expression.
Green Dot:
Lovely whisky
and again I've
currently suggested a range for both age and abv. I've also
narrowed it down to around eight distilleries but have no idea
what the actual expression could be at the moment.
Yellow Dot:
Another good whisky and for once my idea of the age
range is quite narrow, as is my idea of the abv so we're getting
somewhere at last? No, not really as I've suggested two
distilleries but can't make my mind up on more possibilities
just yet.
Considering these
are all age statement OBs this is really very difficult as it's
not a case of just tasting blind, but trying to guess more or
less all the attributes of the whisky and as for the colour of
socks the master distillers were wearing when they originally
filled the casks, maybe that's where Oliver really has given us
a clue with the dots?
Update
Update
Update
Update
Update
I just
tried
Orange
Dot
&
Blue Dot
and as much as I like them, I can honestly say I'm more
confuddled now than I was before I was as confuddled as I am now.
Oh what
fun, not. Thanks Oliver, I owe you one, or five.
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Wednesday April
4th
2012
Back on track again
or
"Going
all dotty with Oliver"
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So, after offering
Sabine a great new career
she
decides to decline my kind offer. Not only that but my good
friend and fellow Maniac Oliver Klimek called round yesterday
evening, ensconsing himself in my whisky chambers he soon
convinced me of the folly of my ways and put me back on track
again. In fact he even sent me a little dotty with five 'blind'
samples identifiable only by coloured dots. Yes, these are the
drams for his
Scotch blind whisky competition.
He explained that the dots are in preference to numbers which
may suggest a tasting order. So, I have green, yellow, blue, red
& black dots and until the end of April to taste them and
provide as much information as possible, like distillery, age,
expression, region and I understand there may be a bonus 250
points if I can identify the colour and pattern of socks the
master distiller was wearing when he filled the original casks.
The only information I have is that these are all OB
expresisons with age statements and from currently operating
distilleries. Bloody 'ell, thanks Oliver! |
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Sunday April 1st
2012
Handing over to my wife
or
"One
Era ends, A new
one dawns"
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Just where do I go
from here? Well, I guess the old
adage of quitting whilst on top runs
true as yesterday was a personal high for me when I posted
my 1000th tasting note on Whisky Emporium.
But
what to do now? Will life just be more of the same? Should I
look for new horizons? Should I just ignore what is possibly a
slightly late mid-life crisis? Well, I have another idea for a
new start; why not hand
the
reigns over to my wife, "keep it in the family" so to speak and
I'm sure she'll do a fantastic job!
Before I do hand over (and you'll see her first sterling effort
soon),
I'd like to share with you some of the feedback following my proud milestone
yesterday as I was
delighted to see my inbox
brimming with plaudits, here's a small selection of "what they
might have said" |
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Steffen |
Wimp, I get through that many in a good weekend. |
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Richard |
I
have more whisky on my tasting room floor. |
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Gal |
I
live in Israel where tax on whisky is 1000%, does that count? |
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Mack & Allen |
That's a hell of a lot of ice balls. |
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Jack & Pete |
Jack; "I see Keith posted his 1000th tasting note yesterday" Pete; "Who?" |
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Anon™ |
Tasting notes™
and Whisky Website™
are part of my new business plan
and as such are trademarked. Signed Anon™
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So, please welcome and greet Sabine, my dear wife,
she's
not really a 'whisky person' but she does occasionally enjoy
what she calls "whisky that doesn't taste like whisky" so cue
Laphroaig (her favourite) and various other peat monsters, but
if we're to be honest she does enjoy an odd vodka and here's a
very odd one indeed!
Master of Malt,
Besmoked Vodka, 40.2%.
or "The
Distiller, The Reviewer and The Candlestick maker"
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I recently
received a set of various samples
from Master of Malt which
included a "Besmoked Vodka" so I duly passed this to Sabine and
said "try this and let me have your tasting notes".
Here's what she
said: "Master of Malt, Besmoked Vodka, 40.2%. Imagine the
scenery; In one of the distilleries all the employees queue
alongside rows and rows of open vodka barrels, holding burning
candles. Upon cue from the master candlestick maker they all dip
their candles into the barrels of vodka, stirring (not shaking)
for a while. Their 'secret' is in not setting fire to the vodka!
The vodka then gets filtered to remove any unwanted additions
like wax and then bottled."
Well done my dear, I think you'll do just fine around here. |
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Saturday
March 31st
2012
1000
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Douglas Laing, "Old
& Rare" Tamdhu 21y,
55.3% abv.
Dec. 1989 - Nov.
2011
Sherry Hogshead,
one of 205 bottles |
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Today's offering
which sees my wee personal milestone reached is from more recent
times, in fact it's a current bottling from Douglas Laing and
from a distillery which I sample far too infrequently; Tamdhu.
I was
delighted to hear that Ian Macleod had taken over this
distillery and is in the process of reopening it as in my
opinion, Tamdhu is one of those hidden gems. Anyway, this is a
21y edition from a sherry hogshead and the colour
certainly reflects this in its very dark appearance akin to
treacle toffee. The nose is extremely rich, offering dark
fruits, toasted or slightly scorched wood, figs and a hint of
freshly ground coffee beans. No, wait a minute, maybe mocha
chocolate would be more accurate. The palate confirms this
with a big burst of that mocha chocolate alongside the dark
fruitiness and toasted walnut. This is all wrapped in a
delightfully creamy mouth-feel. A very long finish also
has a toasted feel which just lingers and lingers and ...
My overall impreession is of an excellent recipe; take one
usually light and floral Tamdhu, fill it into a decent sherry
cask, pop it into a dark and cool warehouse and leave for 21
years, then appreciate! Excellent, 88 points from me! |
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Friday
March
30th
2012
999
or "When
the clock strikes 1000"
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Another of these lovely old labels today and yes, another
Sestante Import.
Today
it's a Milton Duff 21y under the name of "Pluscarden Valley",
75cl bottle for a change and at 43% abv. It arrives in my
Classic Malt glass with the colour of oak (or dark cork)
and a nose filled initially with a subtle woodiness
before hints of amaretto and aromatic raisins take over. It
turns slightly dry and lightly perfumed in a herb crust kind of
way. The palate is most of what was on the nose
personnified, but still in a quite subtle way as gentle amaretto,
light raisins and just a hint of perfumed herb crust caress the
palate. The finish continues in this vein in a long and
refreshingly light delight. This may be one of my more concise
reviews but make no mistake, this is a very good whisky. I
personally find Milton Duff to be quite hit and miss, this is
definitely a hit with 86 points from me. |
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Thursday
March
29th
2012
998
or "When
the clock strikes 1000"
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I just love these old labels which are filled with a certain
kind of kitchy character,
no not
the bagpiper, I'm talking style. Anyway, another bottling long
lost from the shelves and a sample I again acquired at Munich's
Finest Spirits.
Mortlach 21y,
Sestante Import, 40% abv The colour is much lighter than
today's Flora and Fauna sherried version, it's more like bright
cork. The nose initially offers a musty woodiness but
this soon expands to what I can only describe as roast beef
which is soon combined with a quite unique creaminess, could it
even be yorkshire pudding? Oh my goodness, what more could a
Yorkshireman dream of? Sadly this soon fades and returns to a
musty leafiness. Was I dreaming? The palate is very light,
leafy and musty, in fact it's almost farmy, but not quite. It's
more 'outdoors' and open countryside than cowshed. The finish
is long with more of the leafiness. My overall impression
here is of a light 'outdoors' whisky which, thanks to that roast
beef and yorkshire pudding is most unusual, but most welcome. 85
points from me including an extra for the Sunday lunch! |
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Wednesday
March
28th
2012
997
or "When
the clock strikes 1000"
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I
never did manage
to get hold of a
bottle or sample of today's dram when it was first released,
so
another big thank you to Lothar Langer and his stand of rarities
and collectibles at Munich's Finest Whisky.
MacPhail's Royal
Wedding, honouring the marriage of Prince Andrew with Sarah
Ferguson on 23rd July 1986. This whisky is a "special vatting"
of whisky distilled in 1959 & 1960, their birth years. The
colour is dark and luscious teak and as for the nose;
it's initially filled with raisins, plums, currants and prunes (heavy
on the prunes), all marinated in a rich cherry sauce. Amongst
all these, something really quite aromatic but much lighter
along the lines of very floral almond tries to come through too.
The palate is very rich and lightly toasted in flavour
with
those suggestions of prunes, raisins and cherries, but it
has a surprisingly sligthly watery mouth-feel. The finish
is long creamy and also very rich.My overall impression
is of a very rich sherry cask whisky, but it's just slightly let
down by that wateriness on the palate, although it's still very
good and commands a worthy 85 points. |
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Tuesday
March
27th
2012
and now for something completely ... non
commercial
or "today
is the 5th International Whisky Day"
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Once
again this year, as with previous years, I shall raise a glass
of suitably worthy content and privately toast my favourite and
possibly the greatest ever whisky author; Michael Jackson. In
doing so I can only echo Serge's sentiment
"Please,
please, let’s also keep this wee yearly celebration free of
mercantilism and of any lousy stunts by self-promoters. I'm
sorry but don’t think Michael did deserve any kind of
parasitical (okay, discourteous) ventures, especially not by the
loud ones who are everywhere all the time anyway. Santé, angel
Michael!" |
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My
deepest thanks and appreciation not only to Serge & his
WhiskyFun site for permission to use the graphics and
sentiment, but also to
Bruno Marty the French caricaturist and creator of this
marvellous graphic.
Santé
Bruno, Santé Serge and forever RIP the great Michael. |
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Monday
March
26th
2012
996
or "When
the clock strikes 1000"
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Today's dram is now something of a rarity,
it's
only my second Glen Esk and was found once again at Munich's
Finest Spirits festival in February thanks to one of my
favourite whisky dealers; Lothar Langer. He specialises in
long-lost bottlings and rarities to the point where he offers
them by the dram at festivals as well as selling full bottles
via his website. Anyway this was one four such rarities that I
picked up from him and you'll see the other three in the next
few days.
So, Glen Esk
Silver Seal 30y, 1971-2001, 49% abv:
The colour
is pale yellow gold and the
nose
is initially
quite strange as it's musty but yet very vibrant, in fact it
almost demonstrates a light cheesiness, in a good way. This
gradually develops a sense of hay and dried grasses with
distinct vanilla, to the point of suggesting vanilla milk shake. The hay, dried
grasses and vanilla translate immediately onto the palate along
with a hint of light leafiness. The
Finish
is long and quite 'outdoors'. My overall
Impression says this
is definitely an open-air or countryside malt as it expounds
fresh air, fields and a distinct sense of 'outdoors'. Maybe one
for the hip flask on a springtime walk in the hills. A most
enjoyable if not stunning whisky which deserves 84 points from
me. |
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Sunday
March
25th
2012
995
or "When
the clock strikes 1000"
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I Thort I saw a pretty knarr, I did, I did!,
Alright, excuse my glib cartoonic attempt at humour, maybe I've
been tweeting (sic) too much again. "Thor" is the first edition
in a new series of four releases in Highland Park's "Valhalla
Collection" and is delivered in its very own Viking longboat, or
is it a knarr?
Anyway, it's 16
years old and a respectable 52.1% abv and has a colour of
bright glowing gold. The nose is quite fresh with a hint
of maltiness which soon develops a suggestion of bread dough
and expands further
over a minute or so. It takes a few more minutes but eventually the nose develops some
notes of bracken and a very light musty smokiness. The palate
is also malty but with a suggestion of candy floss and
creamy vanilla. Is there a light smokiness here too, not too
sure. 4 Drops of water immediately release a little more
smokiness and also a suggestion of slightly scorched
rubberiness, but this is really light and only a suggestion. The
palate also reflects the light
rubbery smokiness. The finish is quite
long and offers a sense of fruitiness. My overall
impression here is that this is once again a quite different
Highland Park, something which is somehow becoming 'normal' for
their special releases. I like it and I could certainly wish a
few bottles into my drinks cabinet for special guests, so a
deserved 87 points from me. |
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Saturday
March
24th
2012
994
or "When
the clock strikes 1000"
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It's Saturday, I've just arrived home from work and have a day
off tomorrow so there's no stress about having to go to bed
early for a very early shift tomorrow, so I can relax and really
take my time with today's dram.
It's another that I picked up at Munich's Finest Spirits fair,
this time a
Blair Athol 16y from a new Douglas Laing range called The
Director's Cut and it's a whopping 58.1% abv. It has a lovely
deep golden colour and a nose which is initially quite
penetrating, I can see me using some water on this one. Anyway,
without water the nose is filled with musty wood and a
suggestion of vanilla and banana, maybe even baked apple with a
hint of cinnamon and raisins. The palate is initially very
smooth and very rich, almost syrup-like without being sweet.
There's a massive burst of wood and liquorice root with hints of
red pepper.
Let's see what a
few drops of water do; with 4 drops the nose is now a little
lighter, but still primarily offering wood, vanilla and banana.
The palate is much less syrupy and definitely more preferable
with that liquorice root and less pepper. A further 4 drops of
water significantly improve the nose further as it's much less
penetrating. The palate now has some floral elements around that
liquorice root. The finish is very long without the water, a
little shorter
with it, but that's really not a fault. My overall
impression is of a very good whisky at extremely high strength
which benefits very much from the addition of a few drops of
water, to the tune of 84 points without, 86 points with! |
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Friday
March
23rd
2012
993
or "When
the clock strikes 1000"
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You know what it's like when you attend a whisky festival,
somehow word starts to spread that a particular whisky is
the one to try. Well, at Finest Spirits (Munich's whisky
festival) in February this happened once again and this time,
the one was supposedly a 30y malt from Lochside. I refrained
from trying it at the festival as I preferred to spend more time
and in peace and quiet with this one, just in case the word
was correct.
The end of last
year saw me sampling two magnificent Lochsides, but these
were both blends, one from 1965, the other 1964 and they were
stunningly good. This one is no blend but a single malt and a
little younger at a mere 30y.
So, Lochside 30y single malt from Cadenhead, 54.9% abv
The colour is
rich gold, maybe even bright oak or cork and the nose
is just crammed full with very floral butterscotch and hints of
wood and vanilla. This really is just so aromatic, not massively
complex, not changing very much, but wonderfully hitting the
spot! Could that be just a suggestion of basil coming through
there? The palate is a perfect extension of the nose, no
more, no less but continuing marvellously with that butterscotch
and wood, some vanilla and the faintest suggestion of coconut
leading into the very long finish. In fact the coconut
comes through a little more within the finish. My overall
impression here is indeed of a marvellous whisky, it just
happens to have a style which I personally adore, light, floral,
butterscotch and a hint of coconut. For sure it's a
"Great" but do I award it 90 or 91 points? I really
can't decide, am I allowed to say 90.5? |
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Thursday
March
22nd
2012
992
or "When
the clock strikes 1000"
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Following on from yesterday I have another Glen Elgin for today,
this time from a new
Independent Bottler
called "The First Editions" and
it's a Glen
Elgin
26y,
1985-2011,
but is it any good?
This is really
quite pale gold in
colour with a nose which initially screams creamy vanilla.
Ice cream anyone? After some seconds it begins to develop a
woodiness with a suggestion of banana stem which fades almost as
quickly as it appeared, now leaving more fresh woodiness, quite
sawdust-like. After 2-3 minutes there's a hint of fruit which is
a little like quince. The palate, like that initial nose is
filled with vanilla but soon expands with a very light
pepperiness and fruitiness. The finish is really quite long
and very slightly bitter, but not in a bad way as the bitterness
is still quite fruity. Overall this is a very interesting
whisky which in parts is quite hard to identify, especially
on the palate, but it's also enjoyable and would make an
interesting aperitif. A well deserved 83 points from me. |
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Wednesday March 21st 2012
991
or "When
the clock strikes 1000"
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Glen Elgin-Glenlivet
33y,
1978-2011 from
Cadenhead
is
today's
countdown dram.
Rich gold in
colour it offers a lovely presence
in the glass before I start to nose. The first nosing
offers everything I would hope to find in a well maintained
English country house with richly polished wood and brass.
Perhaps even a hint of antique leather furniture too. As it
settles over time I find a suggestion of vanilla and something a
little sweeter beginning to come through. It's not quite toffee
or butterscotch, but it isn't far away from these. Neither is it
smoky but it does eventually suggest a hint of glowing embers in an open log fire. The palate is
delightfully smooth and creamy with a suggestion of vanilla
or even peach ice cream. It turns a little dry towards the
long finish. This is far from a complex whisky as once it
gets going it pretty well does 'more of the same',
but it is a very good one and the type of dram I could enjoy all
evening in front of a cosy log fire and at the same time award
it a very respectable 87 points. |
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Tuesday
March
20th 2012
990
or "When
the clock strikes 1000"
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Inchgower 29y from Master of Malt
is
today's offering and what a jolly good one to get things under
way.
It has
the colour of glowing sunshine and a truly marvellous
nose which is sweet and fruity with kiwi and passion fruit,
maybe a touch of guava too. There's also a light maltiness and
creamy vanilla. A jolly good light
and refreshing nose. Sherbert lemons anyone? The palate is
very creamy with raspberry and galia melon, lots of
fruitiness
too
which is interspersed with a black pepperiness. In fact somehow
I'm reminded of parma ham with melon and just a sprinkling of
black pepper. There's also a light spiciness coming through
which could be ginger? With some background hints of
butterscotch. With 4 drops of water the nose is less
fruity and has now developed a leafiness. The palate has a
lighter fruitiness and more white pepper than black. A
wonderfully long finish tingles across the palate with a
spicy fruitiness. Excellent indeed and I love it to the tune of
89 points.
My thanks to Ben of Master of Malt for the sample, Slàinte Ben. |
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Tuesday
March
20th 2012
Let the countdown begin
or "When
the clock strikes 1000"
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Did I say March Madness?
One
kind person suggested it should be March Malt Madness and maybe
that's the case. Anyway, the countdown starts today as my
Dram-o-meter reads 989 current online reviews.
I don't consider
this too bad for a website which itself would currently only
qualify as new make or new spirit. Yes, it was first founded by
me some 7 years ago but then it was a home to mainly my
landscape photography and a few whisky bottle pictures. I then
toyed with selling a few bottles online but to be honest my
heart wasn't in it and that was all mothballed when I opened a
bar in Munich.
I proved my
ability at failure when that also 'died' from one day to the
next and left me unemployed, penniless and bankrupt.
It was during my
unemployment in 2009 that I decided to bring Whisky Emporium
back to life again and with the help of a good online friend
came up with a whole new design and philosophy for the site.
It went online
in October 2009 with something like 100 tasting notes and
the rest, as they often say, is history.
So, less than three years later I'm looking at a new personal
milestone and the countdown starts as of today!
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Friday
March
9th 2012
An audience with Stuart
or "The
New, The Old & The Berry"
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I was delighted
when I heard that not only Glenglassaugh whisky would be
present at the recent Munich Whisky Festival (Finest Spirits),
but also the distillery manager Stuart Nickerson would be making
the journey south to a very cold Munich. In February we were in
the grasp of a fine Munich winter with an Easterly wind blowing
and caressing us with temperatures in the -15°C to -26°C range,
so a little colder than Stuart's natural habitat. But make the
journey he did and not only that, he also gave a Masterclass
which I eagerly signed up for.
Whilst wandering
around the festival I paid a visit to the Glenglassaugh
stand and managed a rather lengthy chat with him about whisky in
general, Glenglassaugh in particular and also a few words about
the weather. He
is obviously a very knowledgeable man, a great
whisky enthusiast and patient enough to afford me lots of his
time to answer my droll questions. |
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"First
Cask" No.1 |
"Revival" |
"The
Chosen Few" Ronnie |
26y |
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I'll not dwell on
detailed tasting notes here
as you can click on the above pictures to get to them in my
Glenglassaugh page, but I will offer an overview of a jolly good
Masterclass.
Old & New
was the title or theme of the masterclass, although the drams
were served initially blind so we had no idea what they were
before each was introduced by Stuart.
First up was the
highly proclaimed "First Cask", cask No.1 distilled
16.12.2008 and bottled three years to the day later on
16.12.2011. Really good (old) Glenglassaugh tends to be famed
for a wonderful and complex fruitiness and although this one is
from the new regime and only three years old, it already shows
some very nice fruitiness on the nose and palate. Stuart was
quick to point out that all the original distilling equipment
had been retained, so he expects the character of their whisky
to be not too dissimilar from the old. All I can say is "Coming
along nicely, thank you!"
Second in line
was a sample of what will be called "Revival" and described
as an 'entry-level' Glenglassaugh at 3 years of age which has
been matured in Oloroso casks for the last six months of
maturation and bottled at 46%. This one offered a suggestion of
rising bread dough with an overriding nuttiness and milk
chocolate, although the chocolate turned richer (and darker)
towards the finish, which was delightfully long. For me the
obvious effect of the Oloroso casks worked extremely well and
made this one slightly better than the "First".
Third in line
was a dear old friend of mine, no I haven't yet had the pleasure
of meeting Ronnie Routledge in person, but "The Chosen Few -
Ronnie Routledge" is a whisky I was lucky to be able to
sample a few months ago and was delighted to have a second
opportunity here. It is undoubtedly a magnificent whisky, almost
a "Great" on my scale of scores. It offers a wonderful depth of
fruitiness alongside wood, heather, herbs and a light
pepperiness on the palate.
The fourth and
last whisky, also representing "The Old" was the 26y
engraved decanter which was surprisingly dry, with almost very
good Chablis characteristics. Perhaps a little more wine and
malty butterscotch than fruit, but very good nonetheless. Sadly,
Stuart informed us that stocks of 26y are running low and will
probably only be available for another 2-3 years.
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As a little fun
to end the masterclass, Stuart offered an ominously dark-looking
sample, in fact I was convinced for a while that he'd brought
along some blackcurrant juice as a joke, but no it was
alcoholic, pretty much so at 26% abv which although not whisky,
certainly isn't vimto either! So, not vimto, is it a fruity
grappa? No to that one too. It's sweet, very sweet with lots of
bramble and a short to medium length finish
reminding me of a Medieval Cornish restaurant and their 'Mead'.
Welcome to the
Glenglassaugh Sloe Berry liqueur. Sorry to be stereotypical,
but one for the ladies methinks.
Slàinte Stuart and thanks for your time and expertise! |
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Thursday
March
8th 2012
Investment Grade Madness
or "When the Bubble goes Bang"
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Just a few days ago
I received an
e-mail from a company called Weber Shandwick highlighting a new
online business which offers members the facility of whisky
valuations. You have to join the site and pay valuation fees,
but I don't see anything wrong with that, it seems a sound
business plan, easily accessible and fills a gap in the market.
Sadly, the whole
press release didn't focus on the benefits and usage of this
service as it wrapped the whole concept around the term "IGS"
(Investment Grade Scotch) which I hadn't come across before. In
fact it went a stage further, possibly a stage too far in my
opinion, as it then centred around the ultra-expensive
silly-money releases from distilleries like Dalmore and their
quest for the most zeroes on the price of a bottle of Scotch.
My personal
friend and fellow Maniac (of the Malt variety) Oliver
Klimek wrote
an excellent article about this on his
Dramming blog so I won't repeat the same details here,
but I will ask the question "is it possible to 'invest' in
whisky?"
Obviously one
can 'invest' or speculate on anything; antique furniture,
art, supercars, toy cars, tin cans and even whisky, but will
they grow in value? The 90's fashion of 'investing' in supercars
is a very well documented bubble which went 'pop' and wiped a
good few zeroes from many 'investments' almost overnight. The
main problem was with people forcing the issue of using exotic
cars as an investment commodity and unrealistically inflating
their prices until a quite normal dip in the economy and
tightening of belts with regards to disposable income put paid
to the whole concept.
But what about
whisky? Well, look at the tabs at the top of this page and
you'll see one called Collecting Whisky which talks about this
exact subject. If you are lucky enough to be in the right place
at the right time and see what turns out to be the right bottle,
then you have a chance that your hard-earned may just increase
in value over a good few years. But I'm talking about bottles in
a quite normal price range which are most certainly not
talked-up or sold as 'collectibles' or 'investments' and yes, I
also stress the element of luck.
In their e-mail
Weber Shandwick stressed the existence of bottles being sold
with world-record prices in the same sentences as talking about
whisky out-performing gold and the value of the secondary (auction)
market. Would you believe that Weber Shandwick are the main PR
agency for Dalmore? What a coincidence!
In my opinion
if a whisky becomes 'collectible' and yes, I choose my words
carefully as it 'becomes' collectible over time and not sold as
such on day 1, it will be because it is a bloody good bottling
that for one reason or another is no longer available and as
such becomes sought after in the general whisky market. The idea
of pricing a bottle of whisky in the same league as a supercar
in an attempt to ultra-premiumise it or force it into a
perceived collectors' market is not the way forward, unless you
wish to create large bubbles with big bangs!
Slàinte Mhath. |
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2009-2012 by Keith Wood - All rights reserved - Whisky-Emporium |
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