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Frapin releases 1992 Cognac

Slowly aged for 26 years, Frapin Millésime 1992 is a limited release of 3,000 bottles. Produced from grapes grown on the company’s 240ha Grande Champagne estate, it was aged in 350-litre new Limousin casks for six months, then for a year in 5- to 15-year-old casks and finished in older barrels. ‘After this kind of ageing, it’s a Cognac that’s not too woody,’ said cellar master Patrice Piveteau. ‘It’s like a firework!’ An inviting, fruit-forward nose is led by red fruits and cedar spice, baked apple, demerara, toasty wood and touches of cream, deeper accents of fig and liquorice bringing balance. The invigorati­ng palate has lots of plump cherry, melon and fig plus tobacco, spice and wood, more citrus-peel, floral complexiti­es and baking spices emerging with air. Frapin Millésime 1992 (40.5%) is not a Cognac for frowning over, it’s one for raising eyebrows and enjoying – resisting a second glass may be a challenge. £145-£160/70cl Master of Malt, The Whisky Exchange

The Apex 1000 index, by Rare Whisky 101, shows that pricing of collectabl­e whiskies has risen by well above 500% from 2010 to 2020, outperform­ing fine wine, gold and the stock markets. But pricing trends can fluctuate.

Specialist retailers or auction houses with a proven track record. The best will have in- depth knowledge and share your ambition for a return on your investment, with the expertise to make it happen – and they are a safer bet when it comes to provenance.

Something you like – because you might end up having to drink it. Bottlings from closed distilleri­es, limited- edition releases and discontinu­ed expression­s are all worth considerin­g.

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