Blockchain
Metacask to auction rare 1988 whiskey cask for $3 million – Crypto News
- Metacask is set to auction the rare whiskey cask starting February 12, with the 35-year-old cask asking price debuting at over $3 million.
- The cask is held as The Macallan Distillery in Scotland.
- A digital art and NFT will be offered as part of the sale.
Metacaska leading marketplace for spirits casks and bottles, is set to auction off a rare 1988 whiskey cask from The Macallan Distillery, Scotland.
According to the CasperLabs blockchain powered platform, the sale is for a 35-year old rare Scotch whiskey cask.
The number #4178 cask comes with a 1/1 animated art dubbed ‘The Dragon’ – a masterpiece by one of Italy’s most renowned artists Ruben Frosali.
Metacask’s highly anticipated cask auction
The 35-year-old whiskey cask is debuting at over $3 million and its auction follows Metacask’s recent success with a 1991 cask sale, which fetched more than $2.3 million.
,Metacask auctioned a 1991 cask ‘The Angel’s Share’ in 2021, now just over a year later, we’re back with another much-anticipated auction,” Metacask co-founder and CTO Nim Siriwardana noted in a statement.
The latest auction is scheduled for between 12 and 19 February 2023 on the Metacash marketplace, Bidding is open to USD while settlements will be in either bank transfer or cryptocurrency.
As part of the sale, the buyer will receive an audio-visual non-fungible token (NFT) of the original Ruben Frosali art, Metacask said in a press release. The NFT will serve as a digital deed, providing for not just ownership and provenance but also useful for price discovery.
Potential buyers might want to know that the whiskey was last gauged at 51.2% alcohol by volume (ABV), with roughly 495 bottles remaining.
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