Pappy has become a Veblen good. It is the Petrus of the bourbon world. To be fair to Pappy though, the MRSP is actually reasonable for the amount of time it takes to make.
Yes, I think you make an excellent point. Whereas most winemakers quickly make sure to "close the gap" between market prices and release prices, the van Winkles have not done so. You can argue that they forgo significant profits by not doing so and it's often lost in the stories.
We have been doing blinds at my northern Michigan deer camp for many years with less expensive bourbon versus high end stuff, I'm amazed at how stuff like jts brown, early times and jw dant beats out bourbon that is 3-4 times the price...80% of the time. But then again we are NOT experts just regular folks 😉👍💯
Same mash bill indeed. There are only four mash bill "trees" at BT and they tell you exactly that mash bill goes into each bourbon. Overall, I thought the BT visit was very well executed and surprisingly informative.
Looks like you just opened up the bottle of Eagle Rare and Weller. The Pappy’s look like they have been open for a while. This makes a difference, because normally a new bottle of whiskey has to open up a little bit before all the flavors come out. Could be the reason why the Eagle Rare wasn’t liked as much as I would expect.
Currently siping on some Eagle Rare. Also currently in a lottery for a bottle of Pappy. Gonna resell it because even at "retail", it is too much for a single bottle. I love Whisky! I am only 4 years into this hobby so far and my palate is not refined enough to get the value of such an expensive bottle. I believe in the law of diminishing returns...
Not a huge Bourbon drinker and prefer single malt Scotches but I would love to try a Pappy some day. Had a chance to buy one at an auction but I was outbid. It's interesting that the 15-yo was more preferable over the 20.
@@OurPourDecisions It’s a high proof bourbon with complexity, great mouthfeel (covers full pallet), and tasting notes of caramel, butterscotch and molasses.
I’ve compared 12 year Pappy vs 12 year Eagle Rare. It was a few years ago and the Eagle Rare cost me $30. I wasn’t alone and a few other people were with me. We all preferred the Eagle Rare, but there wasn’t a huge difference. Someone else might prefer the Pappy and that’s their opinion. I think their prices are silly, but people are willing to buy it because of their reputation.
We pointed out in the video that the prices charged by the distillery is not what the market prices are. We can't fault BT for the pricing - that's entirely created by retailers and the secondary market.
We listed both MSRP and market prices. The reason for doing that is that you only have one of two options: 1.) Enter a lottery and "win" to pau MSRP (in your state), or 2.) Pay market price
Not sure you can blame Julian van Winkle for that. Their release prices are way under market and they've resisted increasing the prices to the point where they more closely match the secondary market.
Well this was new on me as we don't know these in GB and I only rarely drink a scotch - now I have a 50yo bottle of White Horse valued £150 - fifty years old, it rocks, from Edinburgh! I have a good tasting palate for Scotch but I don't know Bourbons well so for me your tasting was entertaining and very educational and I liked it lots, cheers 🥃 tonite me ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ftCeP3VnfoY.htmlsi=0b_MOeyF_1pME1AC
