tag:blogger.com,1999:blog-2165862643713953426.post3721861969242267218..comments2023-06-04T05:35:38.063-04:00Comments on Sipp'n Corn®: A Modest Bourbon Proposal for the Secondary Market.Sipp'n Corn®http://www.blogger.com/profile/09589432769591752854noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-2165862643713953426.post-7738635231537194342016-04-29T08:22:31.177-04:002016-04-29T08:22:31.177-04:00Thanks for reading and the kind words! I think yo...Thanks for reading and the kind words! I think you're right about regular Bourbon shoppers. The majority of Bourbon shoppers wouldn't have any interest in the limited releases and dusties. Sipp'n Corn®https://www.blogger.com/profile/09589432769591752854noreply@blogger.comtag:blogger.com,1999:blog-2165862643713953426.post-9235982058891950962016-04-29T08:13:34.864-04:002016-04-29T08:13:34.864-04:00Good point, but that gets much deeper into liquor ...Good point, but that gets much deeper into liquor law theory and the remnants of Prohibition. I don't see private sales ever being allowed.Sipp'n Corn®https://www.blogger.com/profile/09589432769591752854noreply@blogger.comtag:blogger.com,1999:blog-2165862643713953426.post-76492112984394971012016-04-23T22:00:05.645-04:002016-04-23T22:00:05.645-04:00Why not let people sale their perfectly legal priv...Why not let people sale their perfectly legal private property if they wish to do so? If a person has the original receipt to prove the tax has been paid and the purchase was legal, do we need to be taxed twice? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2165862643713953426.post-73177505925493530922016-04-20T19:57:53.180-04:002016-04-20T19:57:53.180-04:00They definitely would but I doubt it would hurt th...They definitely would but I doubt it would hurt them. Not like people would order their yearly supply of Jim beam this way, would actually remove the headache of dealing with limited releases for stores...not really a money maker for them as far as I'm aware. <br /><br />Also, good post, I really enjoy this site. Thanks. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2165862643713953426.post-52626376686291501462016-04-20T17:00:16.496-04:002016-04-20T17:00:16.496-04:00That is an EXCELLENT point. The flippers would sto...That is an EXCELLENT point. The flippers would stop racing to Bardstown on rumors of new releases. The wholesalers and retailers would fight this, but it should be part of the solution.Sipp'n Corn®https://www.blogger.com/profile/09589432769591752854noreply@blogger.comtag:blogger.com,1999:blog-2165862643713953426.post-28952228579187427062016-04-20T14:03:01.519-04:002016-04-20T14:03:01.519-04:00I'd say the shipping is a bigger concern. If b...I'd say the shipping is a bigger concern. If beer and liquor were regulated like wine, where retailers and producers can ship direct to consumer in most states, it would alleviate the flipping of new rare releases. Basically flipping is a result of supply and demand imbalance. Too much on the shelves in one area, not enough in others. I guess sometimes it is still flipped from areas with limited supply, but not much you can do about it. I envision that if fans could sign up for/pre purchase special releases, distilleries and breweries would be able to accurately forecast production levels and geographic distribution allocations while making a better margin by cutting out the middle man. Also, seems like an easier (albeit still difficult) thing to lobby congress for. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2165862643713953426.post-66274748065081853122016-04-20T13:22:53.907-04:002016-04-20T13:22:53.907-04:00I've read that there are many relatively simpl...I've read that there are many relatively simple ways bottlers could eliminate counterfeits. Despite public statements against the secondary market, the distillery you're mentioning could sure stand to take some action instead.Sipp'n Corn®https://www.blogger.com/profile/09589432769591752854noreply@blogger.comtag:blogger.com,1999:blog-2165862643713953426.post-65207359061912209662016-04-20T11:49:26.865-04:002016-04-20T11:49:26.865-04:00A numbered equivalent to a bygone-era tax strip se...A numbered equivalent to a bygone-era tax strip seems to be pretty easy for a distillery to introduce--and likely cheaper than wax-dip. Would cut down on fakes immensely. <br /><br />As it stands, some of the most prized bottles from one of the biggest distilleries (ahem) essentially use off-the-shelf foil wraps. Hrm.HDhttps://www.blogger.com/profile/12699388853299940420noreply@blogger.comtag:blogger.com,1999:blog-2165862643713953426.post-8731444818607013952016-04-20T08:08:15.081-04:002016-04-20T08:08:15.081-04:00The distilleries and bottlers could really provide...The distilleries and bottlers could really provide some help on a go-forward basis with protection against counterfeits, but there's definitely a risk with every other bottle begin sold on a secondary mark, legal or illegal. Sipp'n Corn®https://www.blogger.com/profile/09589432769591752854noreply@blogger.comtag:blogger.com,1999:blog-2165862643713953426.post-21968137226843146502016-04-19T18:17:03.279-04:002016-04-19T18:17:03.279-04:00The robust legal secondary market for alcohol in E...The robust legal secondary market for alcohol in Europe suggests that it's entirely possible to make one work. With that said, even the big auction houses sometimes sell fakes, so proving provenance is almost never a trivial matter.Jordanhttps://www.blogger.com/profile/06448702693643593156noreply@blogger.comtag:blogger.com,1999:blog-2165862643713953426.post-30314648720362154792016-04-19T16:34:47.174-04:002016-04-19T16:34:47.174-04:00Thanks for the comment. I think you raise a valid...Thanks for the comment. I think you raise a valid point, and that there will still an unregulated black market due to the necessary margin. Maybe a concern over fakes will draw more people to the clearinghouse? In the end I suppose it would be all about margins.Sipp'n Corn®https://www.blogger.com/profile/09589432769591752854noreply@blogger.comtag:blogger.com,1999:blog-2165862643713953426.post-43492828415532647042016-04-19T16:24:35.055-04:002016-04-19T16:24:35.055-04:00I like the idea but I'm just not sure it would...I like the idea but I'm just not sure it would work. If the clearinghouses are buying rare bourbons at prices that leave room for resale, that is like a car dealership offering you that "trade-in value" on your car. As the owner, you say, "no way, I can get more by selling it myself." And as a buyer, rather than go to the clearinghouse/dealership to pay "retail value" on said bourbon/automobile, you just go private party a la Craigslist. As long as the black market or private party value rests somewhere between the price you could buy or sell to a licensed member, I just don't think it would work. Progress, perhaps, but I doubt it would make a marked dent in the practice of private swaps.<br /><br />I could be missing the point, but that's how I interpreted it and see it. Thanks for the great, thoughtful post as always though. Definitely has me thinking!Anonymousnoreply@blogger.com