How To Sell Bourbon On Secondary Market

No collection is too large to handle. One of the safest avenues for those looking to sell a rare bottle of Bourbon or Whiskey is using a specialty broker.

Inside The Dying World Of Facebook S Whiskey Black Markets The Best Place To Buy And Sell Rare Bourbon

Secondary market for whiskies continue to explode with prices reaching highs never seen before in the high-end spirits market.

How to sell bourbon on secondary market. Before that most whiskey buying trading and selling was done on Craigslist or eBay before those markets were shut down too. We provide the most complete current and historical prices on bottle found throughout auction houses and online transactions. The secondary market could best be thought of as living breathing data said the Louisville-based Minnick who has authored numerous bourbon books.

S is for the Secondary or Sucker Price Realistically any price above the suggested retail price could be considered as secondary. In the span of 72 hours all of the major bourbon groups were wiped out. Well Secondary for any market is based on supply and demand.

I didnt know the secondary-market values and I didnt have any bottles to sell he recalls. Before that there was BX which succeeded Bourbon Exchange the first major Facebook whiskey buyselltrade group which was created in 2013 and shut down in 2016. Way too many of these allocated bourbons never get to bourbon drinkers at the retail price he says.

Much like brokers in other businesses these groups have access to a network of buyers and sellers. If theyre straight up trying to get 200 for something I can still buy on shelves for less than 100 they deserve to sit on their investment. The secondary market is synonymous with Facebook.

The only ones I leave alone are ones looking to trade or asking for offers. Fuck the secondary market to take a bottle that sells at retail for 49dollars and then put it in the secondary market for 800 to a 1000 is nothing but a ripe off and it makes it real hard for those who cant afford 800 or 1000 for a bottle its just like the insulin market but in this case no one dies and now we have retail stores starting to sell at secondary prices its bullshit not to. FAILING THAT PUT YOUR BOTTLE UP FOR AUCTION AND LET THE MARKET DETERMINE VALUE.

The essence of the solution would be an option for end consumers to sell rare bottles to a licensed third party clearinghouse who would then sell or trade them on the open market removing a number of the problems now plaguing the secondary market. A private Facebook page called Bourbon Secondary Market boasted more than 18000 members in June 2016 according to what can be publicly viewed on the page. TO TAG AN ADMIN in a post start by typing the sign followed by BourbonSecondaryMarket.

Rare bottles often sell on the secondary market for ten times the suggested retail prices because theyre so hard to find. Additionally the secondary resale market for whiskey is small and shifting. 60 are now selling for north of 500 on the secondary market.

For example BourbonSecondaryMarket without the quotation marks. For instance a rare bottle of Macallan 60-Year-Old 1926 Scotch whisky sold for almost 19 million at a Sothebys auction setting a new auction record for any bottle of wine or spirit. I make it a point to flag all for sale ads I see on Craigslist.

At Christmas I felt like I needed to watch my bottles because they were asking so many questions. We can connect you to a broker to take the hassle out of selling. Selling Your Bourbon Scotch or Wine Collection.

Powell launched the Bourbon Secondary Market when he was only sort of into bourbon. And some of Traces most sought after brands such as George T. Unfortunately almost everyone and their mothers are into bourbon.

I stated this on another post but literally every cousin I have in the upper 20s and early 30s is Hunting BTAC. Owen Powell didnt create the first group to buy sell and trade bourbon but he certainly created the largest. Since there are few ways to publicly sell collectible whiskey in the US there arent detailed records of what things are actually selling for.

The only people who have complained about this are the one-stop shoppers and flippers that I refuse to sell to. Consider that versus collectible vintage wines which are auctioned every day. 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 form of private groups who wheel and deal behind those virtual closed doors sometimes using code words to discuss transactions.

It wasnt the first secondary whiskey market. The prices I have listed should be seen as a guide to not purchase above. The growth of bourbons popularity can be attributed to it as well by those that are in it to flip bottles.

It describes itself as a place where bourbon aficionados and collectors can buy sell and trade where the law permits. At the time Facebooks policy allowed the sale of alcohol provided users were at least 18 years old. This should bring up Bourbon Secondary Market up as an option to tag in a post.

One more tier adding cost complexity and a whole new set of problems. I absolutely loathe the secondary market for bourbon right now. 80 or Pappy Van Winkle 12 year retail price.

But for some of the really rare bottles you will start to find certain prices asked and paid for on a consistent basis.

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