Blanton's is $100+????? Wow. It was priced a notch or so above things like Woodford and Basil Hayden when it was at the restaurant i was working at a few years ago. I definitely wouldn't pay that much for it now.
I like Weller a lot but do get annoyed with it's limited availability. I never dug into the reasons why. Is it actually that difficult to make or do they just choose to make so little of it? Artificial scarcity is a consumer turn off.
Yeah, it's ridiculous. The whiskey world has gone nuts bro. It's why I got out of messing with it. Too much chasing and bullshit, and tons of asskissing to get anything allocated.
What happens is the demand has exploded for it. High demand, plus lower supply, creates outrageous prices. Not only has the retail market gone up, but the secondary market, also. Now you also have retailers(small liquor stores) that are charging secondary prices for these bottles when they do get them, because they don't want to sell em for retail, and have someone turn around and flip them for 10-20x what they sold it for.
When you figure the best of them take 8, 10, 12, 14+ years in barrels... they do make limited amounts. There's nothing artificial about scarcity right now, it's just everyone got into whiskey. Companies are still producing the same amounts, but you have 100x the people looking for all the same shit.
So high demand whiskey goes "allocated" at which point the distributors get to allocate the product where they want. Most the time it's the stores that sell a bunch of their bullshit products get the most of the allocated stuff. Then the stores turn around, and instead of putting it on shelves, they build a whiskey list, and you get higher on the list by spending more money at the store... That's how Binny's does it.
So all of this has created a massive secondary market for whiskey. Like... bottles that retail for $45 like Weller 107(red label) go for $100+ because you have a bunch of boners with FOMO that are willing to spend that. Then you take the really high-end rare stuff, like the Buffalo Trace Antique Collection, and those bottles see such limited production, that they retail for like $100-150. Now those bottles go for $1000-2000 or more on the secondary market. It's the same with all the Van Winkle lineup of bottles. You have the Pappy Van Winkle 23 year aged going for like $5000+ on the secondary market... when it retails for like $199.
It's pretty f***ing outrageous, honestly. All of this is why I stopped chasing shit. I can go and find a LOT of very good whiskey sitting on the shelf for $50-100, and it blows many of those bottles away. It's just hype and rarity driving prices way up.
I have a few rare bottles of stuff. But I'm done chasing after it all. It's not worth my time, and I'm not paying secondary prices...