Since it was closed down in 1983, many whisky enthusiasts have proclaimed Port Ellen to be one of the great lost distilleries of Scotland. The stocks of Port Ellen whisky are owned by Diageo, who have taken to releasing official expressions each year since 2001. These stocks are likely to be running low and it is expected that the regularity of such releases will slow significantly in coming years.
With this decline, the prices have grown steadily, with older independent bottlings now fetching prices up to £600. While many would like to see the distillery revived, there have been no plans put in place to do so and it would seem that Port Ellen distillery has closed permanently.