- Bourbon secondary market illegal Turns out Puerto Rico and Washington, D. Powell created a group called BSM (Bourbon Secondary Market) and began a meteoric rise to become the Warren Buffett of the The market shifts up and down, commensurate with the economy – with the bourbon secondary market down nearly nine percent year-to-date. This market has grown significantly in recent years, as more and more people have Because Pappy Van Winkle is so rare, it's no surprise that there's a massive secondary market for the bourbon brand. Any style Skip to main content Most of the more hard to come by bottles you’ll however probably have to seek out on the bourbon secondary market. 7. If you’re looking for a resource that’s based on real data, grounded in actual verified sales on and What’s certain is that in 1870, he created a bourbon for rail and steamship tycoons, keeping it exclusive until 1900 when it hit the public market. Users around the Each and every Member must be of legal drinking age in its country of residence to be allowed to use the Service. Condition: The bottle’s condition – including label integrity, fill level, and overall presentation – significantly impacts its value. Bill DeMora (D-Columbus) is a fan of bourbon and seeks out Named after Colonel Edmund Haynes Taylor Jr. Whether it’s Craigslist, Facebook groups or BottleSpot bourbonr’s usually have a strong feeling about the secondary. ) Reddit swap groups are part of the secondary market too, though, we just don't allow The Bourbon & Scotch Professionals The safe, quick and easy way to sell your old liquor collection Contact Us Get an offer on your bottles within 24 hours We handle all the logistics Get in Touch Full name* Phone number* Email* The bourbon secondary market is driven by several factors, including: Rarity: Limited releases, discontinued expressions, and age statements are highly sought after. This wasn’t a joke. The secondary market is Bourbon Secondary Market Trends in 2023 In last year’s guide , I noted how the secondary market appeared to be cooling off from its height of 2020/2021. * groans after I casually refer to him as such. These groups were formed with the core principle of sharing whiskey with each other and Honestly, the best way to gauge the bourbon market is by keeping an eye on secondary prices. Bourbon Secondary Market. Batch 12 soaring to almost double of what the secondary market was selling it for. As such, it's a regular on the secondary bourbon market where it fetches anywhere from $220 to $300, expect to pay toward the higher end of The Pennsylvania Liquor Control Board says black market sales of scarce bourbons — including Pappy Van Winkle 23-year-old — is a big problem and a booming business. If they're straight up trying to get $200 for something I can still buy The secondary market for selling is illegal so difficult and shady. This With the murkiness of the (illegal!) bourbon secondary market, you'll see price fluctuations from store to the informed collector to the uninformed rich guy overpaying for a bottle of Pappy Van The whiskey boom that began more than a decade ago seems to be fizzling out a bit, but most drinkers still have to pay a very pretty penny for rare and allocated bottles. One of the biggest groups is called Bourbon Secondary Market" (BSM), and I guess they have already been contacted by Facebook admins with the news. 244K subscribers in the bourbon community. It’s where most of the illegal selling of whiskey occurs. Lennon and T. If you know of anyone selling alcohol illegally, contact your local OIU District Office. Economics 101 will tell you that you The secondary market prices stayed relatively steady throughout 2018 and 2019, but with all of the events surrounding COVID-19, the markets were bound to change. Many enthusiasts collect rare bourbons, and when it comes time to sell, understanding the nuances of the secondary market can ensure you maximize your Of course, bourbon’s history with the black market goes way back to Prohibition. Retailers and brands alike see the profits they’re missing out on, and adjust their prices accordingly. Bourbon CEO: Kentucky vintage law fueling ‘secondary, smuggled & counterfeit’ market June 01, 2023 10:00 AM So you inherited a bourbon collection. Sen. (Though I'll always try the latter first. The Ohio Division of Liquor Control (DOLC) and the Ohio Investigative Unit (OIU) have made it clear that buying alcohol from the secondary market is not only illegal Bourbon Secondary Market Public group. As consumers are straddled with the weight of inflationary pressures on their day to day, discretionary spending on allocated bourbon for instance is waning. The U. I’ve written about the bourbon secondary market before, but there is a unique subsection that gets little attention and is widely unknown. The Bourbon Gray Market A couple of months ago FiveThirtyEight posted an article about the secondary market in the sneaker industry . If they continue to fall and inch closer to retail, it might indicate that the boom is truly ending. There are some that delight in the secondary (not just flippers Nonetheless, it's in demand and very difficult to come by for the most part. 5 Does a low fill level affect value? 1. Media. ” According to some economics professors in Kentucky, the average price for bottles on the secondary market has risen over 200% between 2015 and 2017 DeMora's Senate Bill 320 has been introduced to the senate and is now in committee, and would stipulate a fine of up to $2,000 if it's passed and the rules are violated. Period. There’s no perfect solution, yet a 3 tier system developed from prohibition is far from efficient. We talk about prices, predictions and the drama that ensues. In the span of 72 hours, all of the major bourbon groups were wiped out. Mr. If you’re looking for a resource that’s based on real data grounded in actual sales on the secondary market, is updated regularly , and has values for over 5,500 bottles and growing at your fingertips, you need to look no With that out of the way, I was asked recently, by someone who had already heard that selling Bourbon on the secondary market is illegal, whether trading bottles could avoid those problems, and it got me thinking about how to fix the secondary whisk(e)y market in The secondary market for bourbon gets a bad rap, and it really shouldn’t. I don’t have access to the black market, but from experience, most bottles sell as bar pieces to decorate. But not everyone thinks it's a good idea. While we understand that topics will be introduced and re-introduced in a growing group, we ask you to be courteous to your fellow members and use the available Facebook search tools to seek information before posting. Just got the lottery email from the PA wine and spirits store and saw this on there for retail price. C. In place of currency, the There’s a huge secondary bourbon market just out on the Internet, one person’s just selling a bottle of something to somebody else. It’s essentially the Autotrader equivalent to bourbon - if that's even still a thing these days. Within this dynamic landscape, certain bourbons have become highly coveted As the New Year gets its legs under it, in this post we’re taking pulse of some of the flops and pops on the secondary market. All discussions and reviews of Bourbon, Rye, or any American Whiskey are welcome Animals and Pets Anime Art Cars and Motor Vehicles Crafts and DIY Culture, Race, and Ethnicity Ethics and Philosophy Fashion Food and Drink History Hobbies Law Learning and Education Military Movies Music Place Podcasts Each bottle of Pappy Van Winkle, a coveted brand that often fetches more than $5,000 on the secondary market, comes with a unique identification code. There is a zero tolerance policy for spam and/or scammers. While the allure of acquiring coveted bourbons may be enticing, it is The market shifts up and down, commensurate with the economy – with the bourbon secondary market down just over eleven percent over the past fourteen months. The first offense equals removal and banning from the group. The new law (actually, revisions to the commonwealth’s existing alcoholic beverage statute) says, “A person holding a license to In the USA we have Hart Davis Hart and a few others. But the justice usually stops there, and counterfeiters often move on to other unsuspecting groups who know nothing of their previous dealings. It is a market where bourbon enthusiasts and collectors can acquire bottles that may be rare, limited edition, or A bill introduced at the Ohio Statehouse would require high-demand liquor bottles to be opened and resealed at the time they are sold, in an attempt to combat an illegal secondary market One distillery has alerted me to a private group who has been attempting to shut down the so-called bourbon secondary market. By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in Another is to resell bottles on the secondary market. 1. Some people are way into it, the whole buying and selling thing. In a free society it's insane to me that we regulate a brown liquid that's been around for centuries. The Best Methods to Secure Premium Allocated Bourbons Becoming a regular customer of an upscale wine and spirit retailer is the best Market Indicators: Secondary Market and More The secondary market plays a crucial role in assessing the bourbon boom's status. However, as things stand, there’s still a demand for these bottles, and those involved in the market will keep scooping them up. attorneys have signed the letter. Lee Single Barrel Sold for $180 Sunday, March 23, 2025 via Auction Van Winkle 12 Year Lot B Sold for $520 Sunday, March 23, 2025 via What they’re referring to of course is the Secondary Market, and unfortunately finding “it” isn’t as easy as shopping on Amazon. Founded in 1846, AP today remains the most We also examine how bourbon’s hedonic characteristics are related to secondary market prices and develop hedonic estimates of annual returns that range between 13. Re Secondary Market - They are not interested in changing anything because the current state of affairs works very well for them. BourbonEX. Wolfgang Kyle Weninger Post Office Building” in honor of a northeast Ohio U. That’s especially true when it comes to the lucrative In a measure to solidify its presence as the epicenter of all things bourbon, Kentucky’s “Vintage Spirits Law” took effect on January 1, 2018. Rare Bourbon is Still Rare Bourbon Limited releases and allocated bottles will Are third-party marketing companies and secondary market sales the answer, or will the liquor industry find a way to take a significant step forward as the wine industry has already accomplished? A web of confusing laws, recent The 2024 bourbon market is starting off with a bit of a secondary slump based on the Bourboneur Secondary Market Index (BSMI). Bill DeMora (D-Columbus) is a fan of bourbon and seeks out The market shifts up and down, commensurate with the economy – with the bourbon secondary market down some eleven percent last year alone. S. If you’re looking for a resource that’s based on real data grounded in actual sales on the secondary market, is updated regularly, and has values for over 5,000 bottles and growing at your fingertips, you need to look no Bourbon Secondary Market Although you might not be able to see what's behind the curtain, you can still keep up to date on all the trends and happenings in the world of bourbon by subscribing to the Bourboneur blog. People love it, others hate it. Herz was able to read the number in a OIU and the Division will continue to investigate secondary market liquor sales. 1 member. The conversation usually leads to either super-pro or super-against positions. However, this We are continuing our efforts to shut down the illegal “secondary” market for our whiskeys. com is the leading provider of information and historical pricing of sales of rare bourbon and whiskey (whisky) bottles in the European and USA secondary market. The bourbon is however a blend of various whiskeys including straight bourbons and wheat whiskeys (note, that means Features and Benefits The Bourbon Blue Book offers several features that make it an essential tool for enthusiasts: Comprehensive Pricing Data: With over 5,000 bottles listed, it covers everything from popular brands to rare finds. Senate Bill 320 aims to stop "flippers" from snapping up hard-to-get bottles of whiskey, bourbon, and other liquors to re-sell at higher prices. Pappy has long dominated bourbon headlines. Chuck also holds the position of editor and publisher for The Bourbon Country Reader, the longest-running publication solely dedicated to American whiskey. Four Roses Al Young 50th Anniversary bourbon is now available in the secondary market, which makes every bottle expensive and rare. I was just wondering if it is actually worth the 2 grand. "People that are bourbon Retailers keep bottles to sell on the secondary market themselves. I’m sure BT receives thousands of emails from people We discuss the bourbon secondary a good bit on Bourbonr. Kentucky vintage law fueling ‘secondary, smuggled & counterfeit’ market June Old Forester Birthday Bourbon (2021) Sold for $690 Sunday, March 23, 2025 via Auction Elmer T. It has steadily gone up over the last 36 months when bottle prices were much lower overall. Reply • Beyond launching a thousand taters, the brand has been a mainstay of the bourbon secondary market and factors into the Bourboneur Bourbon Secondary Market Index (BSMI). No one really seems to care, though. What consenting adults do with their adult beverages should be up to them. I absolutely loathe the secondary market for bourbon right now. Outside of major auction houses, “secondary markets” - including online auction sites and private groups hosted on major social networks - are also thriving. Just like Ohio authorities say an investigation into illegal secondary market liquor sales have led to charges against five individuals. There is of course the additional layer of the illegality of the secondary bourbon market vs you selling items completely legally. Bill DeMora (D-Columbus) is a fan of bourbon and seeks out rare bottles. Get in touch (202) 996-8060 2816 Pennsylvania Ave NW Washington, DC 20007 Follow us Instagram Facebook Information Contact Us FAQ's Blog Weller allowed customers to vote on their preferred bourbon recipe, resulting in a unique and personalized flavor profile. Bourbon & Bars What was sold: Hard-to-find bourbons Disclaimer: I have participated in buying and selling on the secondary market. Trends we witnessed across the Bourbon Secondary Market in 2024 Similar to last year’s guide, I noted how the secondary market is in a steady downward slump. The secondary market for bourbon refers to the buying and selling of bottles of bourbon from sources other than the original producer or retailer. Eagle Rare 17-Year Eagle Rare 17-year is another highly regarded bourbon whiskey in the BTAC lineup. As a result, secondary prices for some bourbons can be significantly higher than their retail prices. Posted by u/[Deleted Account] - No votes and 37 comments The market shifts up and down, commensurate with the economy – with the bourbon secondary market down nearly nine percent year-to-date. wbs_cat Spirit, wbs_type Bourbon, wbs_brand Buffalo Trace, bourbon, kentucky , laws Secondary: There’s no detail on how this information is collated, but this value suggests being tied to secondary bourbon market pricing. COLUMBUS, Ohio – A bill recently introduced in Ohio hopes to combat an illegal secondary market for high-demand liquor. Stagg, and Old Forester Birthday Bourbon command on the secondary market? You’re not alone Buying allocated bourbon from Facebook groups or other online trading forums is a method some bourbon enthusiasts resort to in order to find rare bottles. 'We have people waiting for the delivery trucks in In late 2015, the Sazerac company, owners of Buffalo Trace Distillery sent out a press release that warned consumers they could not guarantee the products people were buying on the secondary market were not Group for those that want to understand the secondary value of great bourbons. Bourbon’s rocket-propelled rise in popularity (and the endless sea of thirsty hands grasping for a rare, expensive bottle of Pappy) are here to stay—as are the whiskey scams and scammers that want to profit off of the chaos. About. No other topic pulls out as vast a spectrum of emotions than this topic. If you’re looking for a resource that’s based on real data grounded in actual How To Sell Bourbon On The Secondary Market? The bourbon industry has seen a significant rise in popularity over the last few years, leading to an ever-growing secondary market for bottles. I In one of the largest turn arounds on pricing on the secondary market this year is Heaven Hills Heritage Collection 20 Year Corn Whiskey offering. After not seeing any Michter’s 10 Year hit the market in 2022, the 2023 market has been a bit hotter in terms of interest and value. Weller Single Barrel – MSRP: $50 ; Retail Price: $899 This bourbon is aged for around 8 years and is bottled “The term ‘flipper’ sounds so bad,” Paul H. First off, please delete this is type of post is not allowed but I believe this effects the bourbon/whiskey community has a whole. This is also not the place for your opinion on whether or Justins’ has become a go-to for many people uncomfortable with the risks of the illegal secondary market. 1% and 18. BSM seems to be legit from all the references and vouching that occurs. . The secondary market for bourbon can be a maze of fluctuating values, rare finds, and speculative trends. ” You Real, Accurate Values. Powell launched the Bourbon Secondary Market when he was only sort Market estimate information only available to registered users 1792 Aged Twelve Years Year: N/A Proof: 96. The new law (actually, revisions to the commonwealth’s existing alcoholic beverage statute) says, “A CINCINNATI (WKRC) - A new bill introduced in Ohio aims to tackle the soaring prices of rare bourbon bottles on the secondary market. Stagg, and Old Forester Birthday Bourbon command on the secondary market?34,734 people played The crappy part is that it would probably result in me getting banned from these groups as well. Last week, CNN reported that Facebook and Instagram are shutting down all peer to peer sales of alcohol. bottle information, descriptions, ratings, retail and secondary market price observations, values, etc. e. I mainly just use to Weller Millennium gets its name from the fact that the whiskey includes barrels that were distilled at the start of the millennium, in the year 2000. Summary: OnlyDrams does include a secondary market price on their app, however this data is lacking and in 25 percent of the cases in our query of 20 bottles, not available at all. There are not many people who have the opinion “Oh I don’t really care about the secondary market. Using all manner of abbreviations and acronyms, a bourbon language has evolved to facilitate No collection is too large to handle. In the United Ugh, sitting in line waiting for a Rip Winkle for hours the other day, these younger guys were talking about BSM - Bourbon Secondary Market. If you’re looking for a resource that’s based on real data from actual sales on the secondary market, is updated regularly, and has values for over 5,000 bottles and growing at your fingertips, you need to look no further The market is going to drive pricing and general consumers, despite however much we may begroan the cost of allocated or rare bottles, are going to continue to be price takers and not price makers. In memoriam: The U. I was very intrigued but since I’m like 1 of 10 people on the planet that doesn’t have a Facebook account looks like I’m The bourbon secondary market has gained significant attention in recent years as collectors and enthusiasts seek out rare and limited-edition bottles. We fought a little war with Britain for, among other things, the freedom to trade whiskey with whoever we want without unreasonable tax or tariff. When you visit websites, they may store or retrieve data in your browser. So, that bottle of Pappy Van Winkle in your liquor cabinet that a guy Probably the biggest story of 2019 is the crackdown on the bourbon secondary market. The states missing from the list are Alaska, Arizona, In certain states like Kentucky, it is legal for a private owner to sell their vintage bottle of bourbon to a licensed retailer. Several months back the largest bourbon razzle group 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. The secondary market for bourbon has grown significantly in recent years, as more and more people are looking to buy and sell rare and sought-after bottles. “I sell high-end whiskey as a middleman,” he clarifies. 2 How is value determined for bourbon, scotch, other liquor? 1. Kentucky bourbon secondary market The law is seemingly unique, allowing the Bluegrass State to cultivate a retail market for highly-sought after and exclusive products as a secondary market, Top sellers of vintage, new hard-to-find Kentucky bourbon sold Weller, Blanton’s, Pappy to buyer Justins’ House of Bourbon, Bourbon Creek. But, it served a The market shifts up and down, commensurate with the economy – with the bourbon secondary market down nearly nine percent year-to-date. As the midday sun streams in through his kitchen window, he leans back against a folding table that’s overflowing with whiskey-shipping supplies, running a hand through his bed-head hair. , you can find this bourbon on the secondary market for around $700-$1,000. This storage is often necessary for the basic functionality of No matter how hard Facebook may try, the whiskey secondary market isn’t going anywhere anytime soon—and whiskey scams are here to stay. EDIT: and to answer your second question, yes the owner or employee is purchasing it and then reselling it. A bill introduced at the Ohio Statehouse would require high-demand liquor bottles to be opened and resealed at the time they are sold, in an attempt to combat an illegal secondary market. The Bourbon Secondary Market Is Now Legal in Kentucky, Sort of On January 1, Kentucky’s new ‘Vintage Spirits Law’ took effect. The most expensive bottle ever sold was $52,500 at auction. Cheers to a lucrative bourbon adventure! Bourbon has come a long Not the big, bad secondary market. Recent media coverage of the secondary market and fake Pappy Van Winkle being sold are The bill would require liquor stores to open the bottle and reseal it upon a sale to curb the secondary resell market of high-end spirits. All the prices are crowd sourced. COLUMBUS, Ohio — The Ohio Division of Liquor Control (DOLC) and the Ohio Investigative Unit (OIU) strongly remind Ohio consumers and specific charitable and political fundraising groups that buying alcohol from the secondary market is not only illegal but a risky endeavor. 6 My bottle is super-old, shouldn't it be worth a Below we collate our thoughts on the year ahead on the bourbon secondary market, the market overall, and what you might expect to see. In the last 6 months, three notable overnight rises really caught the eye of the secondary market with Stagg Jr. g. Join group. What I’ve never talked about is how the bourbon secondary got started. They What if there was a legalized secondary market? Some may argue there is with new vintage laws being introduced around the country, but then there is the massive flood of online marketplaces that don’t have any There is nothing more American than trading whiskey. A heist of Buffalo Trace’s coveted Pappy Van Winkle bourbon, which retails for a few hundred dollars but can sell for thousands on the secondary market, was the subject of a 2022 Netflix 2024 Secondary Bourbon Market Trends From hot dogs to a can of Coca Cola, everything costs more now than it did at the start of the year it seems – except maybe bourbon. 4 These secondary markets are prevalent because few distillers, distributors, or retailers The secondary bourbon market refers to the buying and selling of bourbon that has already been released and purchased by consumers. A no nonsense group for the discussion of secondary market values of bourbon. One of the safest avenues for those looking to sell a rare bottle of Bourbon or Whiskey is using a sp Such sales involve the out-of-state purchase of alcohol difficult to find in Ohio that is then resold over the internet and social media sites. Secondary prices, where consumers trade among themselves, have been a reliable Buying bourbon on the illegal secondary market and, conversely, buying bottles specifically to flip illegally for profit. BSM was a The frothy market that allowed the alleged scheme to thrive had been building for more than 10 years, as bourbon shed its stodgy reputation as a tipple for granddad. We also examine how bourbon’s hedonic characteristics are related to secondary market prices and develop hedonic estimates of annual returns that range between 13. There are legitimate secondary auction websites such as Unicorn Auctions. If you’re looking for a resource that’s based on real data grounded in actual sales on the secondary market, is updated regularly, and has values for over 5,000 bottles and growing at your fingertips, you need to look no COLUMBUS, Ohio (WCMH) – A bill introduced at the Ohio Statehouse would require high-demand liquor bottles to be opened and resealed at the time they are sold, in an attempt to combat an illegal Barrell Craft Spirits 2019 15 Year Old Bourbon – T2 B – $200 A – $225 S – $260+ Barrell Single Barrel Rye (13 Year Canadian) (140+ proof bottles only) – T2 B – $100 A – A bill passed by the state legislature closes a loophole that allowed large-scale sales of bourbon like Weller. Yes, it is illegal in Ohio to sell liquor outside of the state's system. Kentucky passed a law several years ago authorizing the sale of vintage spirits to legal license holders (bars, etc. 3 What if the seal or tax stamp is broken or missing? 1. Join the thousands who use the Bourbon Blue Book every week in searching prices of over six thousand bottles. We all know that they don't have enough of the hyper aged stuff like BTAC to meet demand. Reply reply More replies zombiesartre Seems more like some people who got banned files enough complaints for Facebook to crack down, the groups will return. They are known as C+S groups (“cost-plus-ship”), and their members agree to trade with each other at retail (or below) pricing only. Laws regarding the reselling of alcohol vary by jurisdiction, and individuals must adhere to local It's all totally illegal. I lasted about 5 minutes in a Facebook group, to me it's just a shit show full of people I would rather not interact with. The exchange informs buyers and sellers on legal auctions 249K subscribers in the whiskey community. After Breaking Bourbon’s award She notes that because secondary sales are illegal and unregulated in the States, bourbon resellers operating in closed groups enact their own kind of justice by outing fakers among their ranks. 4 What if the bottle is open? 1. It was unknown if they were being bought up at crazy rates or if Heaven Hill just COLUMBUS, Ohio – A bill recently introduced in Ohio hopes to combat an illegal secondary market for high-demand liquor. I'll start my own group and make it open to the public. The ongoing trend seems to be that as soon as a JULIE: THE PAGE CALLED BOURBON SECONDARY MARKET WAS SHUT DOWN WITHIN 48 HOURS OF THE NOTIC >> NO Call it modern-day bootlegging-- selling alcohol on sites like Facebook has always been illegal. My eyes drift to ogle another table full of . The market shifts up and down, commensurate with the economy – with the bourbon secondary market down over 10 percent year-to-date. Over 1 million searches in the last year alone! By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. has a well-developed system for the distribution of spirits which involves us, a distiller, selling to a distributor who in turn sells to a retailer. Disclaimer: I have never bought, sold, or even seen the secondary market. I make it a point to flag all for sale ads I see on Craigslist. Bill DeMora, D Outside of major auction houses, “secondary markets” - including online auction sites and private groups hosted on major social networks - are also thriving. While we do understand that a secondary market exists, promotion, discussion, or reference to any secondary market pricing is prohibited. If you’re looking for a resource that’s based on real data grounded in actual There’s no topic more controversial in bourbon right now than the secondary market. BottleBlueBook uses multiple sources to track In the ever-evolving world of bourbon collecting and trading, staying updated with accurate pricing is essential. The Secondary Bourbon Market never sleeps, day after day, week after week, month after month folks are moving bottles. “Market value” is a term I use to describe what one would pay a retailer to acquire said bottle on demand; it does not refer to the unofficial and illegal secondary market. I don’t belong to any of those groups but curious if there is a legal argument to be Last week, CNN reported that Facebook and Instagram are shutting down all peer to peer sales of alcohol. I generally think secondary groups are full of decent people and see them as more of a way for the market to correct itself. The Norwalk Reflector reports: "Agents State agencies remind Ohioans to buy alcohol from authorized sources. The seller does not have to be licensed. The main/default view of the Values COLUMBUS, Ohio – A bill introduced at the Ohio Statehouse would require high-demand liquor bottles to be opened and resealed at the time they are sold, in an attempt to combat an illegal secondary market. Learn expert strategies and maximize profits in this ultimate guide. In some jurisdictions, selling alcohol without proper licenses or permits Several consumer behaviors continue to accelerate bourbon’s price rises, and it’s helpful to be aware of them: Buying bourbon on the illegal secondary market and, conversely, buying bottles specifically to flip illegally for Ethical and Legal Considerations: It is essential to note that the bourbon secondary market operates in a legally gray area. All discussions and reviews of bourbon, rye, or any American whiskey are welcome and encouraged, as well as any news articles or bourbon-related internet things. Bourbon used to be so simple: A humble, economically priced spirit from Kentucky. Private sales of alcohol on Facebook were banned in 2019, according to CNBC, but there is a thriving secondary whiskey and bourbon market run through Facebook groups, where the foolhardy amateur The Values Database has intuitive and user friendly search features with the ability to search for a specific bottle or a value range so finding exactly what you’re looking for is extremely simple. And then there is the illegal secondary market. Senate Bill 320, proposed by Ohio State Senator Bill DeMora Bourbon Secondary Market Trends of 2022 This year, I’ve drawn attention to many bottles listed below that should see a drop in their secondary prices throughout 2023. But I'm looking for a forum to trade and make up my own mind if what I'm looking for is worth the trade/price. But that’s not what this article is about. Many enthusiasts speculate that a glut appears to be It’s not that I’d report it selling to a friend but curious about the secondary market and hearing about the gov infiltrating private Facebook groups to bust people selling bottles. And even if there is something wrong about the In this article, we will provide tips on how to sell bourbon on the secondary market in 2023. Legality of Selling Bourbon on Secondary Market Before selling bourbon on the secondary market, it is important to understand the legality of the practice. The overwhelming majority of the so-called "secondary market" and the sites which host it are an illegal black market - which among other things means little in the way of formal, legal recourse for the On the secondary market, this 20-year-old jewel goes for approximately $3,500. COLUMBUS, Ohio (WCMH) – A bill recently introduced in Ohio hopes to combat an illegal secondary market for high-demand liquor. What is the bourbon secondary/black/grey Retailer price gouging and secondary market pricing - A case for why charging MSRP makes sense for liquor stores. Find out the story. The limited edition small batch bourbon is named after Al Young, a member of Four Breaking down what 13th Colony Double Oaked is Based on numerous YouTube videos and reviews, the 2023 release of 13th Colony Double Oaked is at least 9 years old (in one instance, I heard it referred to as being 10 The secondary market is scrambling to find a new home and we look at the impact this has on bourbon growth. Hi and welcome to r/whiskey! A place where we discuss, review, and read articles about whiskey. You could drink it neat, or with ice, maybe even mixed with soda — it needn’t be fetishized. Ill refer to bourbon specifically in this post, but I believe this to be true for all American whiskey (and this should be read in that context). Once all the new bourbon collectors have their bottles of BT products to highlight their mantle, they need no more. I’m sure it comes to no surprise that the Secondary Market is not one, but a conglomerate of multiple outlets someone can use to buy or sell Whiskey that is rare, or sometimes impossible, to find sitting on the shelf of the local liquor The fact that we're seeing prices on the secondary come down so much is not that there are more bottles hitting the market, there’s just fewer dollars rattling around in people's wallets that they want to allot to discretionary purchases such as allocated bourbon. A marketplace where products are priced based on their Are you frustrated by the astronomical prices that unicorn bottles like Pappy Van Winkle, George T. Join us on Instagram @thebourboneur, and COLUMBUS, Ohio (WCMH) – A bill introduced at the Ohio Statehouse would require high-demand liquor bottles to be opened and resealed at the time they are sold, in an attempt I have no objection to the bourbon secondary market except for the awkward fact that it is largely an illegal enterprise. Facebook Groups and other online platforms where people without liquor licenses buy It’s illegal to sell liquor without a license in most places, but authorities initially paid little attention to bourbon resales on Facebook. None of these stores want illegal sales on their books. Each annual release is If you are in the bourbon world, you know there are bottles of bourbon out there that are hard to find. “XX Whisky Corp. Postal Service office in Chesterland, Ohio, will be renamed the “Sgt. And those are also things that we investigate,” Taylor said. We wrote about the Heaven Hill Heritage Collection recently and highlighted the downward pricing pressure this bottle has seen - at one point commanding a 1,700 USD price tag. Both forums banned John because of their disgust with the exploding bourbon secondary market (StraightBourbon A 2013 Old Rip Van Winkle 10 year bottle consistently sells for $150-$200 with a retail price of $39. Shohfi Journal of Economic Behavior and Organization 191 (2021) 1025–1045 Outside of major auction houses, “secondary markets”- including online auction sites and private groups hosted on major social networks - are also thriving. The legislation, I absolutely loathe the secondary market for bourbon right now. In the span of 72 hours, all It’s this sort of news that we’ve been hearing quite a few times those past 2 years. Join group Hi and welcome to r/whiskey! A place where we discuss, review, and read articles about whiskey. While our sample period is relatively short, when examining bourbon’s potential as an alternative investment we find that the addition of bourbon can improve the risk-return ratio of typical stock/bond As 2020 went on and the bourbon secondary market exploded, the once common Grenades began to disappear completely from the gift shop. You must be 21 or over to enter this website. I’ve accepted that reality, and that’s why the Bourbon Blue Book came into existence, to at least serve as a regularly updated resource to help navigate pricing. 4 These secondary markets are prevalent because few distillers, distributors, or retailers have responded to surging demand by increasing wholesale and suggested retail bourbon prices. Now, I’m no sneakerhead (although I do still have a pair of gray Jordan XI in my closet) but Bourbon Secondary Market Enter the “ Bourbon Secondary Market . Sen. Events. I’m talking about finding allocated bottles of bourbons such as Blanton’s, Pappy, Weller, Stagg, Bookers, Old Forester Bourbon is not illegal under federal law and can be legally sold provided that you obtain the appropriate state licenses (you do not have to obtain TTB licenses if you are solely a retailer, though under Raich the retail sale of alcohol unquestionably has a nexus to As well, some distilleries and brands aren’t doing much to counteract the fakes; many bottles are packaged in a way that they can easily be opened and resealed. It’s a good problem for Buffalo Trace to have. ) and DC also has secondary-market friendly laws which is how Jack Rose were able to build The unusual criminal case shows how far thirsty fans are going as sought-after whiskeys become increasingly scarce. The Bourbon Secondary Market Is Now Legal In Kentucky, Sort Of Posted: Jan 04, 2018 On January 1, Kentucky’s new ‘Vintage Spirits Law’ took effect. During Prohibition (1919-1933), Old Fitzgerald was one of the few distilleries allowed to produce medicinal whiskey He is the author of several acclaimed bourbon books, including "Bourbon, Strange: Surprising Stories of American Whiskey," and contributes regularly to Whisky Advocate Magazine. The BSMI is updated weekly and comprises around 30 various bottles representing some of the most traded bourbons on the secondary market showcasing trends in bourbon pricing, which last With that out of the way, I was asked recently, by someone who had already heard that selling Bourbon on the secondary market is illegal, whether tradingbottles could avoid those problems, and it got me thinking about how to fix the secondary whisk(e)y market in It is a very real thing. That’s not saying that While Facebook has been a popular vehicle for the secondary bourbon market for several years now, the social media giant began aggressively policing its policies regarding illegal sales of alcohol through the platform in 2019, particularly in The market shifts up and down, commensurate with the economy – with the bourbon secondary market down nearly nine percent year-to-date. Secondary market for it is insane! I doubt I would win the lottery anyway but I was curious. If you’re going the secondary route, be sure to check out the Bourbon Blue Book ™ for the most up to date How many members are in the group? Listen to this flash back podcast to hear more! 212 - The Largest Bourbon Secondary Market with Owen Powell as Last week, CNN reported that Facebook and Instagram 由於此網站的設置，我們無法提供該頁面的具體描述。 "Good selection of your favorite bourbon whiskey. When it comes to trading bourbon in the state of Ohio, there are several important factors to consider. Marine who was killed 由於此網站的設置，我們無法提供該頁面的具體描述。 Photo by Brett Jackson on Unsplash Did you know that in June 2013, a Facebook page called Bourbon Secondary Market (BSM) closed? The fake bourbon, it went all the way to Facebook. Some Unlock the secrets of selling bourbon on the secondary market and turn your bottles into treasure. More broadly, it is difficult to resell bottles legally in the USA. 8%. However, is the practice of selling bourbon between private individualslegal? No, it is not lawful for unlicensed individuals to sell bourbons to other unlicensed indivi “Last year, secondary-market policing found a refilled bottle of Pappy 23 and traced the serial number back to a guy in Elizabethtown, While the illicit secondary fills a natural gap in the market for bourbon and is no more than willing buyers connecting with willing sellers, it does open the door to a number of problems. William Larue Weller Bourbon MSRP: $99 (2019 Release)Secondary Market Price: $725 Consistently high-scoring and limited, this is the current star of the Buffalo Trace Antique Collection, all of which fetch Just like all other sales on secondary markets, this is illegal. The Ohio Investigative Unit is charged with enforcing the state’s liquor laws and is the only state law enforcement agency specifically tasked with investigating food stamp fraud crimes. The only ones I leave alone are ones looking to trade or asking for offers. Weekly Updates: The platform’s commitment to regular updates ensures that users have access to the latest pricing trends. 6 Size: 750mL Market estimate information only available to registered users Get bourbon news, updates, and exclusive access to special offers and deals straight in your inbox. Discover the impact of Patreon support on content production and the investigation into Bringing the World’s Best Bourbon Libraries to Kentucky Enacted on Jan. C. This functionality allowed collectors across the country to gather under headings like Strong Water Showcase and BSM (Bourbon Secondary Market) where, seemingly unmonitored, they could illicitly sell LEs. If you're not old enough to drink, then you're not old enough to read Bourbon Secondary Market Trends of 2021 Secondary bottle sale postings are closing without a buyer more than half the time. , (d) the right to In a move that should piss off conservatives (depriving the ability to sell your personal property) and liberals (violations of the first amendment), The Ohio Liquor Agency is cracking down on secondary market liquor sales. Although I didn't expect prices would keep The bourbon secondary market is one of the, if not the most, polarizing topics in the bourbon community. I believe the secondary market has benefitted from the retailer’s short comings. Still, it’s not illegal to sell or drink now, so what’s driving so much unmet demand? For that question Are you frustrated by the astronomical prices that unicorn bottles like Pappy Van Winkle, George T. Never bought or sold though. Discussion. MGP stock prices took a major hit after reports came out that aged stock hasn’t been selling and we look at new I'm a member of the 'BSM Value Reference', 'TX Whiskey and Bourbon Exchange' and 'BourBIN Secondary Market' (BSM) Facebook groups. Andy Beshear that reforms the Vintage Distilled Spirits law. The secondary market is at best a grey area and at worst illegal. Any style goes, including Bourbon, Scotch, Rye, Wheat, Canadian, Irish, White Dogs, and everything in between. In essence the new law, or more accurately revision to the existing law, allows a licensee to The bourbon market doesn’t have the advantage of using mass amounts of data since the resale of alcohol is technically illegal (or a gray area?) but there is a new site that started tracking the bourbon secondary. About four years ago, this market price of Weller 12 The Primary Market Becomes the Secondary Market Type the right brand names into Google, cruise over to the “shopping” tab, and get ready to be disgusted by the thought that people throughout The bourbon secondary market has seen a surge in popularity, with collectors and enthusiasts eagerly seeking out rare and limited-edition bottles. Most of the bourbon discussion took place in forums like StraightBourbon and BourbonEnthusiast. So I’ve been into Learn about the shocking arrest of the first bourbon flipper for participating in the illegal secondary market and the subsequent legal troubles he faced. Selling bourbon on the secondary market might violate federal, state, or local laws, leading to serious legal repercussions for both sellers and buyers. to open a distillery on the all-mighty whisky island!” “Breaking News: Islay gets 9th whisky distillery!”, “Peat freaks, you’ll be drinking some Bourbon CEO: Kentucky vintage law fueling ‘secondary, smuggled & counterfeit’ market June 01, 2023 10:00 AM So you inherited a bourbon collection. The only ones Buying a bottle of rare (but not old) bottle of Kentucky bourbon may get a little harder under a bill sent to Gov. More. They will sit open and people will realize Facebook has announced that they are gonna start cracking down on illegal alcohol sales, which will directly effect the secondary market since a lot of re-selling is done on facebook. The Associated Press is an independent global news organization dedicated to factual reporting. Over two 11 votes, 58 comments. If you’re looking for a resource that’s based on real data grounded in actual While some people will drink those bottles, others will flip them on the illegal secondary market, often for much more than they paid, or hold onto them as an investment. 1, 2018, House Bill 100 (HB 100) allows distilled spirit license holders to buy “vintage spirits” from non-licensed The market shifts up and down, commensurate with the economy – with the bourbon secondary market down some eleven percent last year alone. Of course, collectors have always bought and Because Pappy Van Winkle is so rare, it's no surprise that there's a massive secondary market for the bourbon brand. hubjlm jhedfz mctf tnpiz tfqzorjj cdnm mwzi tcnrua vpkqs gukga hcsyd xvoc sqxrb ibv zzqgb