Comments on: Three days to “White Bowmore” http://www.whiskyadvocateblog.com/2008/07/25/three-days-to-white-bowmore/ Thu, 09 Feb 2012 03:43:14 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: orangedog http://www.whiskyadvocateblog.com/2008/07/25/three-days-to-white-bowmore/#comment-1091 orangedog Tue, 29 Jul 2008 02:48:15 +0000 http://blog.maltadvocate.com/2008/07/25/three-days-to-white-bowmore/#comment-1091 This is market segmentation - that's all. There are whisky drinkers or people otherwise who will be interested in buying a $6,000 bottle of whisky, just as there are those who want Bowmore Legend. Who should say that the distillery shouldn't serve both markets? Most distilleries have products that cover a wide pricing spectrum. There are hundreds upon thousands of great whiskies out there - no matter what your price level you won't taste them all (unless you get tasting samples... John) - so what is the worry over one that's out of the average person's price range? The only legitimate gripe I see is that the upper end of the market is getting pushed up - which is only valid because the lower end is being pulled with it. But, that is as much of a problem with pricing of Lagavulin 16 or Laphroaig 25 as it is with White or Black Bowmore. Who knows, maybe they will drop down in 3 to 5 years - the cyclical progression many goods are exposed to. This is market segmentation – that’s all. There are whisky drinkers or people otherwise who will be interested in buying a $6,000 bottle of whisky, just as there are those who want Bowmore Legend. Who should say that the distillery shouldn’t serve both markets? Most distilleries have products that cover a wide pricing spectrum.

There are hundreds upon thousands of great whiskies out there – no matter what your price level you won’t taste them all (unless you get tasting samples… John) – so what is the worry over one that’s out of the average person’s price range?

The only legitimate gripe I see is that the upper end of the market is getting pushed up – which is only valid because the lower end is being pulled with it. But, that is as much of a problem with pricing of Lagavulin 16 or Laphroaig 25 as it is with White or Black Bowmore. Who knows, maybe they will drop down in 3 to 5 years – the cyclical progression many goods are exposed to.

]]> By: Suckered http://www.whiskyadvocateblog.com/2008/07/25/three-days-to-white-bowmore/#comment-1085 Suckered Sun, 27 Jul 2008 12:49:40 +0000 http://blog.maltadvocate.com/2008/07/25/three-days-to-white-bowmore/#comment-1085 Dear John, After i saw your blog about the White Bowmore, it threw me into a funk. I can now honestly say that many whisky distilleries truly do not care about their products and are only concerned about their bottom lines. $6000 for the white bowmore? this is not some special earmarked casks where it created unsual colors like the Black Bowmore and supply and demand diminished it to a point of pricing it high, It's just 6 barrels of old scotch held in bourbon barrels! So what that this was aged in the same warehouse as the Black Bowmores! This is just the latest scam which will drive more and more pure investors into singlemalts. before long every old whisky will cost over $10,000 and every distillery will hold out great barrels of whisky trying to have them age above 35 years so they can "justify" the hostage ransom price. When the drinker/collectors or the plain drinkers get tired of this, they will move more torwards american,irish,and japanese whisk(e)y. Scotch distilleries will be forced to sell more to europe and the far east, while those are huge emerging markets, we still are the largest consumer of Single Malts in the world and losing us will cripple them to almost to the point of what happened to Irish whiskey because of american prohibition. I say GREAT! Another example was the Ardbeg double barrel had an msrp of $20,000 in the USA, while in the UK for 7,500 Pounds or $15,000. There is no excuse for this discrepancy and i highly doubt that if they lowered their importing price to help the 3 tiered system here in the USA they would be losing that much profit in the long run. $280 for an 18 year old longrow? I'm not going to even Start compaining. I will not be suckered anymore into buying these whiskies ! Sincerely, Suckered by Scottish Distilleries Dear John,

After i saw your blog about the White Bowmore, it threw me into a funk. I can now honestly say that many whisky distilleries truly do not care about their products and are only concerned about their bottom lines. $6000 for the white bowmore? this is not some special earmarked casks where it created unsual colors like the Black Bowmore and supply and demand diminished it to a point of pricing it high, It’s just 6 barrels of old scotch held in bourbon barrels! So what that this was aged in the same warehouse as the Black Bowmores! This is just the latest scam which will drive more and more pure investors into singlemalts. before long every old whisky will cost over $10,000 and every distillery will hold out great barrels of whisky trying to have them age above 35 years so they can “justify” the hostage ransom price. When the drinker/collectors or the plain drinkers get tired of this, they will move more torwards american,irish,and japanese whisk(e)y. Scotch distilleries will be forced to sell more to europe and the far east, while those are huge emerging markets, we still are the largest consumer of Single Malts in the world and losing us will cripple them to almost to the point of what happened to Irish whiskey because of american prohibition. I say GREAT! Another example was the Ardbeg double barrel had an msrp of $20,000 in the USA, while in the UK for 7,500 Pounds or $15,000. There is no excuse for this discrepancy and i highly doubt that if they lowered their importing price to help the 3 tiered system here in the USA they would be losing that much profit in the long run. $280 for an 18 year old longrow? I’m not going to even Start compaining. I will not be suckered anymore into buying these whiskies !

Sincerely,
Suckered by Scottish Distilleries

]]> By: John Hansell http://www.whiskyadvocateblog.com/2008/07/25/three-days-to-white-bowmore/#comment-1084 John Hansell Sat, 26 Jul 2008 15:12:08 +0000 http://blog.maltadvocate.com/2008/07/25/three-days-to-white-bowmore/#comment-1084 Hopefully that people who can afford this whisky will be whisky enthusiasts and drink (and share) the whisky with those of us less fortunate. Hopefully that people who can afford this whisky will be whisky enthusiasts and drink (and share) the whisky with those of us less fortunate.

]]> By: JC Skinner http://www.whiskyadvocateblog.com/2008/07/25/three-days-to-white-bowmore/#comment-1083 JC Skinner Sat, 26 Jul 2008 13:27:17 +0000 http://blog.maltadvocate.com/2008/07/25/three-days-to-white-bowmore/#comment-1083 732 bottles is rare, but not astonishingly so. There are significantly rarer whiskies, usually lost remnants of long closed distilleries, that sell for a fraction of this sort of price in auctions. I accept that the distillery is pricing this so high because they can, and as I said, I don't begrudge a distillery its profit. I just find it disheartening is all, because we both know that very few, if any, of these bottles will ever be opened for enjoyment. At those sort of prices, they automatically become investment vehicles. 732 bottles is rare, but not astonishingly so. There are significantly rarer whiskies, usually lost remnants of long closed distilleries, that sell for a fraction of this sort of price in auctions.
I accept that the distillery is pricing this so high because they can, and as I said, I don’t begrudge a distillery its profit.
I just find it disheartening is all, because we both know that very few, if any, of these bottles will ever be opened for enjoyment.
At those sort of prices, they automatically become investment vehicles.

]]> By: John Hansell http://www.whiskyadvocateblog.com/2008/07/25/three-days-to-white-bowmore/#comment-1082 John Hansell Sat, 26 Jul 2008 02:13:26 +0000 http://blog.maltadvocate.com/2008/07/25/three-days-to-white-bowmore/#comment-1082 It is very expensive. And I agree that most whisky enthusiasts will not be able to afford it. The whisky is there for those who can afford it. The price woudn't be that high if there weren't buyers for it, and you can't blame whisky companies for trying to make a profit on these rare whiskies. Fortunately there are also some great whiskies for a fraction of this price that most of us can afford. It is very expensive. And I agree that most whisky enthusiasts will not be able to afford it.

The whisky is there for those who can afford it. The price woudn’t be that high if there weren’t buyers for it, and you can’t blame whisky companies for trying to make a profit on these rare whiskies.

Fortunately there are also some great whiskies for a fraction of this price that most of us can afford.

]]> By: JC Skinner http://www.whiskyadvocateblog.com/2008/07/25/three-days-to-white-bowmore/#comment-1081 JC Skinner Fri, 25 Jul 2008 23:20:16 +0000 http://blog.maltadvocate.com/2008/07/25/three-days-to-white-bowmore/#comment-1081 Would you not agree that those are shocking prices for new release whiskies, John? How do you feel about where the top-end of the whisky market is moving? I appreciate the need to generate profit, as well as the enormous initial outlays in generating distillery output and storing it until sufficiently aged. But those are problems afflicting newer distilleries like Arran or Cooley, or those that have been recently taken out of mothballs. From the position of being a lover of whisk(e)y, but no millionaire, I find it saddening that a delicious dram like this will be relegated to the status of speculative commodity or undrunk status symbol for those with more money than sense. Would you not agree that those are shocking prices for new release whiskies, John?
How do you feel about where the top-end of the whisky market is moving?
I appreciate the need to generate profit, as well as the enormous initial outlays in generating distillery output and storing it until sufficiently aged.
But those are problems afflicting newer distilleries like Arran or Cooley, or those that have been recently taken out of mothballs.
From the position of being a lover of whisk(e)y, but no millionaire, I find it saddening that a delicious dram like this will be relegated to the status of speculative commodity or undrunk status symbol for those with more money than sense.

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