Mickey, no whisky is worth that amount of money. The BIG problem is that a number of people are looking at whisky [especially malts] as an investment not for their intrinsic drinking value. This started happening about 5 to 8 years ago when 2 auction houses started having whisky auctions and having high reserves. It appeared as if special whiskies were increasing in value to such an extent that they out raced any other normal commercial returns. This vastly inflated the "market" and an artificial value was assigned to whisky[s]
I abhor this as whisky was bottled in Scotland to be drunk and enjoyed not to be hoarded like gold or bonds.
The bottom line is that any bottle of whisky is worth what you want to pay for it, and that includes the "specials" that keep appearing from the secret reserves of some [not all] malt distilleries.
If I feel that the price reflects the quality of the whisky then I'll buy it but I will never pay exagerrated prices just because they're possibly rare.
I did buy one old bottle [bottled 40 years before] a number of years ago and it was undrinkable. I nearly cried about the money I'd spent when I poured it down the drain, it cleaned out the drain great so maybe that's what we should really buy old whiskies for.
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