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Bourbon as an investment
Posted on 1/25/23 at 1:47 pm
Posted on 1/25/23 at 1:47 pm
Anyone dabble in flipping bourbon or collecting and selling down the road ?
Posted on 1/25/23 at 1:56 pm to Teauxler
I have quite a collection of my own and have sold bottles on FB groups before. I still walk into stores if I am in the area and see if there is anything allocated and I’ll buy it knowing there is a secondary market for it. I have more bourbon than I could ever drink.
Not exactly an investment or side hustle opportunity to it for me though. You would have to have the time to be waking up early waiting in line for releases regularly. Any money you could make in flipping just isn’t worth that to me.
Not to mention the stigma of being a bourbon flipper. It’s frowned upon seeing as how the flippers are part of the reason it’s tough to find good bourbon at retail prices.
Not exactly an investment or side hustle opportunity to it for me though. You would have to have the time to be waking up early waiting in line for releases regularly. Any money you could make in flipping just isn’t worth that to me.
Not to mention the stigma of being a bourbon flipper. It’s frowned upon seeing as how the flippers are part of the reason it’s tough to find good bourbon at retail prices.
Posted on 1/25/23 at 2:33 pm to Teauxler
*
This post was edited on 1/25/23 at 2:50 pm
Posted on 1/25/23 at 3:30 pm to Teauxler
Problem is, I'd drink the profits!
Posted on 1/25/23 at 3:44 pm to Teauxler
I've tried but i've always just drank them.
Posted on 1/25/23 at 3:48 pm to Teauxler
That's not what your financial advisor meant by keeping your investments liquid.
Posted on 1/25/23 at 4:07 pm to HarveyBanger
quote:
have sold bottles on FB groups before
Might be more of an ATF question than an IRS question
Posted on 1/25/23 at 4:11 pm to Teauxler
I don't know where you could regularly get allocated bourbon to flip. I entered dozens of raffles around the holidays this year and won the ability to purchase exactly one bottle at MSRP.
Posted on 1/25/23 at 4:56 pm to Teauxler
I buy old charter and take a couple of shots on weekends between beers . I'm white trash .
Posted on 1/25/23 at 7:37 pm to PetroBabich
quote:
I entered dozens of raffles around the holidays this year and won the ability to purchase exactly one bottle at MSRP.
I’ve done that over the years and now have a 15 and 20 year Pappy Van Winkle. They’re each worth at least 10-20x what I paid for them. I want to drink them, but at that value I don’t know.
Posted on 1/25/23 at 10:16 pm to Teauxler
I started 2 years ago collecting and building up my bar at the new house I built.
I’ve got around 150 bottles of Bourbon and around 300 hundred bottles total between wine and other booze but I’ve never sold a bottle.
Probably going to add a hidden bourbon room to my house at some point because I don’t see it stopping anytime soon.
I’ve got around 150 bottles of Bourbon and around 300 hundred bottles total between wine and other booze but I’ve never sold a bottle.
Probably going to add a hidden bourbon room to my house at some point because I don’t see it stopping anytime soon.
This post was edited on 1/25/23 at 10:19 pm
Posted on 1/26/23 at 9:12 am to Teauxler
Someone mentioned the Stigma of reselling bourbon. For some reason this is very true. Especially in BR. Some of the spirits and beverage managers know each other at Rouses, Albertsons, Oak Point, Calandros, and stores like S&P. If any of those guys suspect you are a reseller. They will start watching for you and will not tell you what they have. Not to mention, they all already have their buddies to give their special allocations. The alcohol manager of Oak Point gives everything he has to like select 2-3 guys and they are constantly putting it on FB pages saying "make connections" but when you try to make those connections, they don't like you even if you are a reseller or not, because you are a threat to them by taking bourbon away from them.
One of the guys who the Oak Point gives to is always posting stuff like Old Carter, Stagg, WL Weller, Mitchers toasted, EH BP, GTS, and many other bottles a guy off the street will never see a day in his life.
One of the guys who the Oak Point gives to is always posting stuff like Old Carter, Stagg, WL Weller, Mitchers toasted, EH BP, GTS, and many other bottles a guy off the street will never see a day in his life.
This post was edited on 1/26/23 at 9:16 am
Posted on 1/26/23 at 9:22 am to Roy Curado
quote:
Oak Point
The former liquor guy at Oak Point was awesome.... the new guy is a terrible person. I stopped shopping there becuase of him
This post was edited on 1/26/23 at 9:23 am
Posted on 1/26/23 at 9:26 am to Roy Curado
quote:
One of the guys who the Oak Point gives to is always posting stuff like Old Carter, Stagg, WL Weller, Mitchers toasted, EH BP, GTS, and many other bottles a guy off the street will never see a day in his life.
I agree with Glock. The former guy at Oak Point was fantastic. The "new" guy is a complete dick and they have lost all of my grocery and alcohol business because of it.
I cant speak to the other places around town because Oak Point was the only place I've shopped for years. I will say Hokus in Prairieville is run by some amazing and friendly people. I've started making drives out there for stuff just to support a well run business.
This post was edited on 1/26/23 at 9:28 am
Posted on 1/26/23 at 9:33 am to Roy Curado
quote:
The alcohol manager of Oak Point gives everything he has to like select 2-3 guys and they are constantly putting it on FB pages saying "make connections" but when you try to make those connections, they don't like you even if you are a reseller or not, because you are a threat to them by taking bourbon away from them
The connection that needs to be made is with their distributor. I suspect that they wouldn't be very happy with Oak Point if they knew about this...and they should know because that practice is F'n lame.
This post was edited on 1/26/23 at 9:33 am
Posted on 1/26/23 at 10:09 am to NfamousPanda
The new guy at Oak Point has ruined the vibe of the store for me . It makes it hard for me to go there anymore. Should have kept his arse at the other store .
Posted on 1/26/23 at 3:07 pm to punn
Y’all just need to call Jeff Barnett at The Lost Cove. Of course Calandros and his sycophants occasionally try to narc on him, but frick those guys.
Posted on 1/26/23 at 3:24 pm to Teauxler
I fricking hate you idiot whiskey people and the word “allocations”. You make trying to buy whiskey such a big ordeal. And these stupid raffles that allow you to win the RIGHT to buy some bottle.
Posted on 1/26/23 at 5:08 pm to poochie
quote:
I fricking hate you idiot whiskey people and the word “allocations”. You make trying to buy whiskey such a big ordeal. And these stupid raffles that allow you to win the RIGHT to buy some bottle.
Blame the dorks at liquor stores who block consumers they don’t know so they sell out the back door. And their liquor rep buddies who get the kick back.
That being said, supply and demand.
I drink tequila.
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