Japanese Karuizawa Whisky Sets $118,500 Auction Record

A bottle of 1960 Karuizawa sold for $HK918,750 ($118,500) at Bonhams in Hong Kong Friday, setting an auction record for a Japanese whisky.

One of only 41 bottles ever made, after being aged 52 years in casks, the Karuizawa is considered the holy grail of Japanese whiskies by collectors. A southeast Asian buyer made the winning bid by telephone, Bonhams said.