I do enjoy the Antiquary 12 as a better than average blend. So, you would think a 21 yo would be superior. Finding it for sale for $40 should be a heads up that something is amiss, but I am always hopeful. The nose is nearly pure ethanol, with a touch of butter-toffee. In the mouth it fairly smooth but rather a one trick pony of butter-toffee and a slightly astringent peppery finish. I know a decade ago this won awards and sold for $100, and some reviews called it a blended malt. I don't know if that was once true or not. What I do know, is that in it's present form it is mostly grain whisky; a rather smooth and tasty dram, but not dynamic or complex. Oh, wait a moment, on the second dram I am picking up the barest hint of peat. Didn't catch that at first.