narrator: the market had in fact not peaked. I don’t buy nor sell on the BSM but I keep an eye on it. Press J to jump to the feed. I’m commenting more on that prices people are asking and perhaps getting. I imagine your "staple" (I'm fucking hard rolling my eyes at you) bottles are things like George T Stagg which more has been produced of on the last few releases. While the demand for BTAC and Pappy might be higher than ever, more and more of this demand is from people who are hunting these with the sole intent to flip them. The Secondary Market Greetings Bourbonites, I know this is a subject often frowned upon, but I would like to have a discussion about the dreaded secondary market. We are currently experiencing a new phenomenon where the ok bottles being passed off as great, this is a big milestone for the deterioration of the ‘avid bourbon aficionados’ who will one day wake up to realize he doesn’t even like that $800 bourbon he helped stir in a recycling bin with an oak branch because it sucks. I have recently started delving into the world of American whiskies, Bourbons and Rye's. I have been able to collect a decent collection. There are bottles available online on the secondary market; at this writing the going rate is around $14,000. bourbon trading reddit. Others pushing ordinary stuff like ER picks. Every year I predict we'll reach oversaturation, because distilleries began ramping up production about a decade ago so supply will start to catch up. The whole bourbon thing is starting to feel more and more like a bubble. 4016 Purdue Ave., Dallas, TX 75225-7007, US (214) 914-1673. More likely the market is reaching (or has reached) its saturation point. Weller 12 is one of its most beloved and also most expensive bourbon whiskeys on the secondary market… We track bourbon auctions, classified listings … We provide the most complete current and historical prices on bottle found throughout auction houses and online transactions. I have read on here and heard from other consumers just how outrageous the prices for the secondary market can be, and I have been wondering...just how does it work? Bourbon pricing for rare and allocated bottles is difficult to understand, let alone to explain. Average Price: $60. Wonder how many of them will still be into bourbon in two or three years though. Are all the flippers struggling from overspending from Christmas and taking lower than normal offers? Log In Sign Up. Posts Single Barrel Prog. Blanton’s 30th Anniversary Bourbon at 93 Proof 46.5% ABV was released in 2014 to commemorate 30 years of Blanton’s, it was available as a limited run only for sale in the Japanese market. There are too many good things on shelves for me to ever pay that. Everyone in my office who says they're "into bourbon" talks about Maker's Mark. William Larue Weller is the best-wheated bourbon on the market, period. Thomas H. Handy (2020) Sold for $600 Monday, January 4, 2021 via Social Media. Those prices are nuts. No thanks. But the brand’s W.L. 3rd March 2021 Uncategorized 0 Uncategorized 0 Name. All the Pappy prices have stayed about the same for years. Press question mark to learn the rest of the keyboard shortcuts. Here is the Whiskystats Annual Report of 2020! Meanwhile, the number of people who are willing to spend at least $500 on a bottle of bourbon may also be increasing; however, I believe that the rate is nowhere close to the increased number who are trying to flip it. Which market segments performed best? (Though I'll always try the latter first.). There are plenty of bars that charge less per ounce than these "flippers" think they will get for the whole bottle. As a result, I don't bring up BTAC/Pappy or any other sought-after bourbon, I can't help but wonder if everyone else is genuinely into Maker's Mark or are hiding their interest and trying to not increase demand for heavily sought-after bottles. Here, there are still transactions going on and bargaining but it is the difference between a small local bank and a Wall Street trading floor in the 90s. No, BSM, or Bourbon Secondary Market, was simply a spot for drinkers to re-sell bottles of coveted American whiskeys. Press question mark to learn the rest of the keyboard shortcuts. Vote. I believe this it 100%. Press question mark to learn the rest of the keyboard shortcuts. a good group we have here, for the most part. Posted by just now. Close. Is the overall growth still intact? i've said it before and i'll say it again, i feel safer and more confident dealing with a redditor that has a random snarky username that is not linked to his real identity than to deal with those fucking idiots on the facebook sites that are linked to their real identity with locations, pictures, etc. The vast majority of whiskey consumers don't even know it exists. Reviews and discussions are encouraged, check out the stuff … Press J to jump to the feed. So many factors go into play with what a retailer suggests as the retail price and where it ends up from there. To be clear, I’m a free market libertarian type. Nash tracked Internet rumors and the online secondary market, drove across several states, and looked inside more than two dozen liquor stores in search of any limited edition or hard-to-find bourbon. BourbonEX.com Your definitive source for info & graphs on historical buying and selling bourbon bottles and whiskey. I don't see anybody outright mentioning that since ~90% of liquor stores out there do their raffles/contests in the month of December, that the market gets absolutely flooded with all of the allocated bottles during this time. (Though I'll always try the latter first.) There are a lot of good bottles being passed off as great and a lot of ok bottles being passed off as good. My … Press J to jump to the feed. To mark the start of the year, we’re highlighting the scheduled bourbon releases that have us the most excited for 2021. I'm sure OP has an excellent grasp of these basics and is just doing a little secondary education, New comments cannot be posted and votes cannot be cast. Those people are absolutely insane! Vote. But that’s not what this article is about. I absolutely loathe the secondary market for bourbon right now. Join . March 2021 | 468 Views There is no question that 2020 was a very special year. We uncover the progression of the group from a few hundred members to reaching over 50,000, what leads to certain distilleries being banned on a black market, and if the secondary market … User account menu. Most everyone still takes secondary value into account when trading though. The market always drops slightly around Christmas time as people aren't buying as heavily and people are still trying to move their bottles. bourbon trading reddit . Secondary Market. But every year that passes it gets crazier and crazier. Contact Us. E.H. Taylor Jr. 18 Year Marriage (2020) Sold for $1900 Monday, January 4, 2021 via Social Media. Secondary Market. Flipper: Just like a sneaker re-seller, but for bourbon. I don't shop second market, but I have noticed that it is much harder to find Sazerac rye. William Larue Weller is definitely better than Pappy Van Winkle. They're wrong. At Christmas, I felt like I needed to watch my bottles because they were asking so many questions. WLW is typically a bit more expensive than Stagg (there are often fewer bottles available), but it is well worth the splurge if you find a bottle. 09:00 am – 05:00 pm. - bourbon nerds every year for the last 5 years. Reddit swap groups are part of the secondary market too, though, we just don't allow monetary swaps. I'm saying this only partially kidding -- that's a real insult to Wall Street trading floors in the 90s. A flipper buys bottles and proceeds to sell them on secondary markets (Craigslist, local Facebook groups, etc.) Unfortunately, almost everyone and their mothers are into bourbon. I have come to have an even greater appreciation for the great bourbons and ryes I can pick up in stores, and it has tamped down any interest I had in ever trying to buy via the secondary. I know one guy who makes all his Christmas money selling fake pappy. Here is a guy in Texas selling a bottle of Elmer T. Lee for $250. Some idiot just asked $500 for a 4R pick. William Larue Weller (2020) Sold for $1150 Monday, January 4, 2021 via Social Media. Reviews and discussions are encouraged, check out the stuff we've compiled in the sidebar and our review archive! Tue. The simple fact is, consumers want the ability to exchange goods with one another; bourbon, or any alcohol for that matter, is no different. I will occasionally use Bottle Spot when I can't find something locally, either for swaps or purchase. We’d be naive to think today’s bourbon producers have no idea what is happening with the secondary market. The broader industry pays very little attention to the secondary market. I don’t think so. Prices on many staple bottles that I watch as a baseline for the market are coming down. If they're straight up trying to get $200 for something I can still buy on shelves for less than $100, they deserve to sit on their "investment". MARKET ANALYSIS The Whiskystats Annual Report of 2020 4. Mon. The Bourbon Gray Market. Stuff like eagle rare, weller special reserve, and other solid "drinkers" are now being cleared from the shelves and horded similar to what happened to elmer and weller 12 starting in 2014/2015. “Good riddance,” wrote one person on Reddit’s r/bourbon thread. People will move onto something else at some point. In addition to Facebook, other places to buy and sell bourbon include Craigslist, and Reddit. r/bourbon: We talk about bourbon, rye, or any American whiskey here (yes, even Jack). Throw a serial number on every bottle and it's easy to figure out who diverts for profit. In addition to the Blanton’s labels listed above there are also some limited edition bottlings, such as store picks or labelling changes for markets such as Greece. Then, one day in late November, it happened. Red, White & Bourbon (on Buffalo Trace acknowledging the secondary market); First We Feast (on the various websites that support the bourbon flipper market); and/or Reddit (a message board discussion about "stopping flippers"). And similar to sneaker re-sellers, bourbon flippers are typically looked down upon by purists. for profit. User account menu. 09:00 am – 05:00 pm. I personally have never seen a bottle of BTAC or Pappy on the shelves nor have I ever actually hunted for it. However, I have noticed some bottles have skyrocketed. This community's band of snarky, cynical assholes does a pretty good job of dissuading people from buying overhyped jump and educating people, though. Press J to jump to the feed. I'm not here to solve the problem- just to offer my observations. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Both comanding incredible hikes on the secondary. Yep, all the shitlords congregate in BSM. It’s worth it if you got it. I'm not noticing a significant downward trend yet. Email* Send. I need to know for......research purposes. Sell the limiteds to on premise only. It definitely makes you appreciate the community here. I want to thank the folks who responded to a request I posted in r/Whiskyporn for info on the bourbon secondary Facebook sites. Pricing for rare & allocated bottles. Reddit swap groups are part of the secondary market too, though, we just don't allow monetary swaps. Does this mean no one will give me $1000 for the bottle of Pappy 15 I have available...? But the fact is, it’s out of their control. Eh, I have no interest in hunting for bourbon, paying secondary for a bottle of something is easier than trying to hunt or trade for one, usually. A standardized secondary marketplace, which is what we want to be, would be a very positive for bourbon, whisky and booze in general. Some warned I shouldn't go there. After a long time of watching I feel like I’m noticing a trend. other flippers or reputable stores that charge significantly higher than MSRP). A couple of months ago FiveThirtyEight posted an article about the secondary market in the sneaker industry.Now, I’m no sneakerhead (although I do still have a pair of gray Jordan XI in my closet) but the article was extremely interesting and I couldn’t help but draw comparisons from what is going on in the sneaker industry to the current bourbon market. Secondary Market. $150 for EH Taylor Small Batch? literally every cousin I have in the upper 20s and early 30s is Hunting BTAC. Even its flagship $20 Buffalo Trace Bourbon is memorable. Wait what group has sales of EHT Small batch for $150??? I stated this on another post but literally every cousin I have in the upper 20s and early 30s is Hunting BTAC. If you look at something like Sazerac Rye from BTAC you'll note prices trending upwards. Bourbon - America's Spirit r/ bourbon. ABV: 49.45%. Weller 12 . If it’s new, hot, tatered over, or even mixed in trash cans, it’s probably on there. The market is no where near saturation. Eh, I have no interest in hunting for bourbon, paying secondary for a bottle of something is easier than trying to hunt or trade for one, usually. For instance, a rare bottle of Macallan 60-Year-Old 1926 Scotch whisky sold for almost $1.9 million at a Sotheby’s auction, setting a new auction record for any bottle of wine or spirit. In fact, many would argue that it should be ranked it right up there with Stagg in the bourbon power rankings. I don't go anywhere near Pappy or BTAC. The secondary market matters, but only to itself. As a result, the sellers who cannot find any buyers at $500 will slowly lower their prices to beat their competition (i.e. Unfortunately, almost everyone and their mothers are into bourbon. Drop us a line! It keeps me up to date on the new bourbons and what people are going bonkers over. Reviews and discussions are encouraged, check out the stuff we've compiled in the sidebar and our review archive! There are other, smaller secondary groups with lower prices on less desired bottles. He's a scum bag, and if I never see him again it will be too soon. In our annual report, we take a look back at the year that was on the whisky auction market. I wish it was legal and there were legit eBay type sites (not that counterfeit stuff isn’t a problem there). See our updated Bourbon Brown Book for 2020! They know exactly what’s going on. “We have only been collecting data for a few months and are already witnessing tremendous fluctuations between bottles,” says Donoghue. Recently bought KO Rye and MWND for effective MSRP, and swapped an ORVW for Al Young. The only ones I leave alone are ones looking to trade or asking for offers. Unfortunately, almost everyone and their mothers are into bourbon. People gotta lower prices to sell shit through October 2019. We talk about bourbon, rye, or any American whiskey here (yes, even Jack). We find bourbon all over America and try to offer a safe site for secondary bourbon/whiskey transactions.
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