Way back the Glenmorangie sherry cask used to be cheaper the the Macallan 12 giving you a choice to two real alternatives to the Mac (the other being Dalmore 12). Now the Dalmore is no longer 100% sherry casked and the Glenmorangie is no longer less expensive then the Mac. It is good for a change though and isn't quite as sweet as the Mac but my current favorite sherry cask is the Mortlach 16.