This was the most fun I've ever had reading about products outside of my price range. It was also in the top 5 most informative reads about whiskey that I've ever seen. Very smooth.
An interesting thing about Whiskey production is that it is the traditional industry with the highest capital requirements and the longest wait from starting production to having a saleable product of almost any industry in the world.
Thus in periods of low interest rates, it is cheap to make capital investments and Whiskey production increases a lot. Also low interest rates mean people have more discretionary income to spend on luxury goods like Whiskey.
When the economic cycle changes and interest rates rise and demand falls, Whiskey producers suffer a massive cash crunch and many go out of business.
Hell, if it sits on the shelf it's just aging more. Maybe not in the barrel but still. I'd love to see the prices drop but when the base cost to distill is constantly rising it won't likely happen.
I picked up a pair of Dry Fly Triticale Straight Whiskey bottles from a limited first run in 2017 and still have one bottle cellared. $75 ea but my unopened I could get over $250 for now. The limited runs can be really good and well worth the cost, but some just don't cut it or seem rushed with the quality.
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This was the most fun I've ever had reading about products outside of my price range. It was also in the top 5 most informative reads about whiskey that I've ever seen. Very smooth.
@bozz knows his whiskey. I'm more of a Scotch guy.
Isn't scotch also whiskey?
Technically it is whisky and may have some difference to US bourbon/whiskey. I'm not an expert on the details of that.
An interesting thing about Whiskey production is that it is the traditional industry with the highest capital requirements and the longest wait from starting production to having a saleable product of almost any industry in the world.
Thus in periods of low interest rates, it is cheap to make capital investments and Whiskey production increases a lot. Also low interest rates mean people have more discretionary income to spend on luxury goods like Whiskey.
When the economic cycle changes and interest rates rise and demand falls, Whiskey producers suffer a massive cash crunch and many go out of business.
It's a real 'long game'. I'll do what I can to support them.
Hell, if it sits on the shelf it's just aging more. Maybe not in the barrel but still. I'd love to see the prices drop but when the base cost to distill is constantly rising it won't likely happen.
I picked up a pair of Dry Fly Triticale Straight Whiskey bottles from a limited first run in 2017 and still have one bottle cellared. $75 ea but my unopened I could get over $250 for now. The limited runs can be really good and well worth the cost, but some just don't cut it or seem rushed with the quality.
bottles on the shelf are getting older, but not aging any further. And the value goes up not as the whiskey has got older, but rarer.
Like the bottle you have cellared.
But as you say, a limited bottling does not mean the product is quality.
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