The Whiskey Thread
Posted 07 November 2015 - 08:48 AM
Posted 15 November 2015 - 04:44 PM
Has it entered the 'full ego' phase yet where the uber-desirable brand/vintage has been crowned and the dumbest participants are hysterical in driving up the price to get (whatever that is)? Because that's when you know the pain is just around the corner...
Seems bourbon makers learned a lesson from the ammo market. Noting drives buying and hording like artificial scarcity.
Elijah Craig 18--mentioned as being $39 in that article--was released this year at a new MSRP of $120. Larceny is a great wheated bourbon, but it isn't scarce, probably because it isn't from Buffalo Trace/Sazerac.
Not much else has changed since Dec 2014, other than the idea that one can go driving around and find stuff like George T Stagg in random places. there's too much money to be made... anyone involved in the process will be giving friends the heads up on when and where to show up for all the bottles (distributor employee, truck driver, owner of store, employee of store, etc). finding a case of George T Stagg at MSRP is like a $3k windfall.
Posted 15 November 2015 - 08:37 PM
This is not sustainable. It takes nothing- N--O--T--H--I--N--G - for most any of these breweries to double, triple production capacity. Bourbon is straight commodity product. Overproduction will occur shortly, once the people apt to horde have gotten their fill and the panic subsides. Then, things return to a sane equilibrium.
Classic 'greater fool' market.
Posted 16 November 2015 - 03:43 AM
my thinking is that the craze dies down before supply catches up... mostly because I have never seen anything like this last the 10 additional years it would take for all the allocated stuff to be aged appropriately. if they were REALLY on the ball, the earliest production increases would have happened in 2010 or so.
I think scotch is a pretty reasonable comparison. I believe there is a Costco brand 18 year old scotch that costs like $40. there's literally no reason why that won't eventually happen for bourbon.
Posted 16 November 2015 - 01:29 PM
It may never be cheap again but the mania we're seeing is classic greater-fool stuff and as sure as the sun rises, there will be a time when people look back on it and chuckle.
Posted 18 November 2015 - 08:46 PM
Posted 18 November 2015 - 08:46 PM
was shooting the shit with bartender and a feeb (at least that's what I thought he was, he would only say he worked for federal gov't and a few other hints. i suppose he could have been SS) and the barkeep was talking about how the hot thing a few years ago was getting vodka for bottle service, now bourbon and whiskey is the "in" drink. i think last year mgm put in a whiskey bar.
started watching the league and forgot where i was going with this...
Posted 19 November 2015 - 04:42 AM
Posted 19 November 2015 - 05:52 AM
Posted 19 November 2015 - 08:04 AM
Posted 20 November 2015 - 08:39 AM
Posted 24 November 2015 - 04:17 PM
went to a nice store in Lawrence and just asked for Elijah Craig Barrel Proof, the cashier checks inventory, grabs it from the back and sells it to me. I was baffled.
the place in Lawrence had a ridiculous amount of allocated stuff just sitting on the shelf at rock-bottom prices. made me a little sad that I don't live there anymore, and that I wasn't into bourbon when I did.
Posted 01 December 2015 - 12:41 PM
Posted 01 December 2015 - 02:48 PM
Posted 05 December 2015 - 06:58 PM
They do a great job of explaining the situation. Not much has changed since then, except maybe Bulleit isn't outsourcing from Four Roses anymore.
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