A rare collection of Japanese whisky could be auctioned off for more than 700,000

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The world's most expensive and rare collection of Japanese whisky is going up for auction.

The collection consists of 54 bottles of Scotch-style malt whisky from the acclaimed distillery of Hany, which has been closed for almost 20 years.

The entire collection is expected to sell for over 700,000 and the auction will be taking place on August 16.

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Whiskey connoisseurs will be glad to know that up for auction right now at Bonhams is the world's most expensive and rare collection of Japanese whisky.See the rest of the story at Business InsiderNOW WATCH: What El Chapo is really like, according to the wife of one his closest henchmanSee Also:Nike is releasing sneakers that look like SpongeBob SquarePants and Patrick StarA YouTube convention has a 'parents lounge' where chaperones can drink wine and escape the chaosEven though the viral Facebook event organizing the Area 51 raid is a joke, the hotel right by the site is completely booked for the day of the event

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