As Fuzz mentions above, I did the Glenfiddich distillery tour just outside of Aberdeen and the angels share was one of the most interesting things to me. At the end of the tour you end up in the warehouse which has casks galore including many which are older than the oldest scotch they have released. The older the cask, the less scotch inside due to evaporation (or the fancy term they use).
This is why old isn't always good but it took longer to make and less final product becomes available to sell.
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