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 😉👍💯
Enjoyed this! ❤ an honest opinion. Pops & Mark know their bourbon. They both pulled #3 as the oldest w/ color & oak smell. Glad they gave their true taste favs. B & Jeff always making the podcast production top notch. Thanks for teaching me something new!
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.
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.
An interesting statement that stuck with me is you said 'you couldnt tell the difference between the high price and quality' i feel that with wine, there definitely is a tastable difference between the low end and high end. Maybe you just pay for the name in whiskey
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...
@@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.
When talking about pricing, there is a very notable difference between SE and Pappy. SE charges $1,350 per bottle and Pappy about $250-300, which means that most of Pappy's price is bid up in 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 th-cam.com/video/ftCeP3VnfoY/w-d-xo.htmlsi=0b_MOeyF_1pME1AC
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.
@@OurPourDecisions That's a good point. Why don't they increase the price even the small amount?
@@guitar911rock Maintaining the secondary market price is important for Veblen goods.
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 😉👍💯
So are we - amateurs. Enjoy trying the expensive stuff but drink the much less expensive bottlings. I have to say I really like the Blanton's though.
nice video. I like to swirl bourbon around to check the "legs" of the pour. tells you how viscous it is.
Very cool tasting. Very fortunate to try so many options-cheers🥃
Enjoyed this! ❤ an honest opinion. Pops & Mark know their bourbon. They both pulled #3 as the oldest w/ color & oak smell. Glad they gave their true taste favs. B & Jeff always making the podcast production top notch. Thanks for teaching me something new!
Good to see you back .
🗣️looooved it. Definitely I will try Pappy 15 🤩👌🏼.
I love your videos!!! Keep them coming!!! Congrats!!
Funny how Weller and Pappy are the same Mash bill. To be honest Pappy is all hype and BT knows it. All of BT is hype.
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.
Weller was barely above well when I was a kid in the 70’s and 80’s
They couldn’t sell Pappy for years
Way more to bourbon than the mash bill, where it sits in the Rick house, how long it’s in the barrel, bother matter a bunch.
This was a great show … well done.
Love the video, keep up the great work.
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.
This is exactly right. Completely different story once the spirit has had a bit of air.
This!
Great point. The Pappy bottles had been open for four weeks (since we made the trip to Buffalo Trace)
What a great tasting! Little bit of jealousy here. Nice episode.
Great video, keep it up!
Pappy 15 is a great Bourbon! Would you consider doing a video on single malt Scotch?
Yes, for sure.
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.
Bourbon is checkers as to where Scotch is chess.
All of the participants at the Buffalo Trace distillery preferred the 15 - seems to hit a sweet spot.
@@ccuellar6212 no
An interesting statement that stuck with me is you said 'you couldnt tell the difference between the high price and quality' i feel that with wine, there definitely is a tastable difference between the low end and high end. Maybe you just pay for the name in whiskey
Not sure if I have requested this before, but I’d love to see a champagne episode
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...
Nice. Diminishing returns or just a result of very limited supply.
@OurPourDecisions honestly... both lol
Since B. was not really interested in the Bourbon, I would guess she might really love Pinot Noir, Nebbiolo and Etna Rosso.
She does like Pinots!
Another video! Finally!!
Sorry about the delays. Hard to coordinate with other work and priorities. B rocks for making it happen! - Pops
I have a J.P. Van Winkle 1984 has not been opened yet.
That's awesome! It'll be from the original mash bill.
PVW15 & WLW are my two favorite bourbons. I know you are not a fan of Weller, but have you tried the William Larue Weller? 🥃
No, I haven't tried it yet - would love to. - Pops
@@OurPourDecisions It’s a high proof bourbon with complexity, great mouthfeel (covers full pallet), and tasting notes of caramel, butterscotch and molasses.
This is why I always pick Scotch over Bourbon lol
I think both are fun. We'll do a Macallan episode at some point. I lean more Scotch myself. - Pops
Hype
Technically the 12 is not a Pappy but Van Winkle 12 LotB. The Pappy’s are the 15,20 and 23.
True.
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.
I didn't think there's an eagle rare 12. The og eagle rare is a 10 year.
@@probablynuggets8314You are correct. It was a while ago and I was thinking it was 12 years old
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.
can you please do yquem
None of the bottles in the video are over $300. Pappy is fine. They arent any better than most of what you can get off the shelf.
Buffalo Trace Pappy is uncomparable to the Stitzel-Weller.
I would think it's hard to compare. The Stitzel-Weller bottles are tough to come by now.
☺🥃🥃🥃
Sheesh Pops.. the peer pressure on B though LOL💀💀😭
She made me taste hard seltzers.....lol
@@OurPourDecisions My bad, I take that back. Point taken LOL
itought Burl Ives was dead.
Do you just love to try expensive stuff?
This is clearly an attempt to write off their collection as a business expense.
LOL
This isn't the stuff we drink every day. It's fun to try the crazy expensive stuff for videos to see what the hype is all about.
This is such an awkward video...do they even know each other?
Pappy Van Winkle of Kentucky bourbon = Screaming eagle of Napa Cabernet.
All hype and no real value
When talking about pricing, there is a very notable difference between SE and Pappy. SE charges $1,350 per bottle and Pappy about $250-300, which means that most of Pappy's price is bid up in the secondary market.
That CYPB is like $800+ not $50
Its $50. None of the bottles in this video are over $300
@@LeatherDaddy97 🤣 you tell me where you can buy it for that then, and I’ll be there with bells on.
@@GratefulNachos anywhere that sells bottles for msrp.
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
Pappy…the most overrated bourbon of all time.
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.
That girl is a wet blanket.
I had pneumonia in this episode so I was doing my best! -B
@@OurPourDecisionsu did great B
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 th-cam.com/video/ftCeP3VnfoY/w-d-xo.htmlsi=0b_MOeyF_1pME1AC
Cheers! I want some of that!!