Hypothetical PVW 23 trade

[savagehenry]

Here is the scenario:

You have a bottle of PVW 23 that you are sure you can trade to one of two liquor stores.

One store has a VWFRR ($360 on the shelf) and a ORVW 10/107 ($170!!! on the shelf) that you may be able to get for it, as said store just sold a PVW 20 for $600.

The other has 5 bottles of JPS 18 ($100!! on the shelf) that you may be able to get for it, as said store just sold a PVW 23 for $550.

Which store do you go to first, assuming the first store takes you up on your offer?

I may be doing this tomorrow, just curious what you would do. Never mind what I like.

BTW, I have already had success at one of the shops by trading a Lot B for a V23 Rye.

[AaronWF]

This is crazy, sick, twisted and disgusting. Pappy23 should be around $250, VWFRR around $70 and 10/107 around $40. The JPS I see around $90...

So, how about you trade the Pappy23 for the five bottles of JPS and then go trade two JPSs for the VWFRR and the ORVW 10/107?

Blows my mind what people seem to have to go through to get their hands on good bourbon (ORVW) and excellent rye.

[savagehenry]

So, how about you trade the Pappy23 for the five bottles of JPS and then go trade two JPSs for the VWFRR and the ORVW 10/107?

Interesting idea. That's why I posted. The question would be, does the owner of shop #2 even know WTF JPS 18 is?

[yountvillewjs]

The question would be, does the owner of shop #2 even know WTF JPS 18 is?

Don't think it matters what he knows necessarily -- what do his customers know? People don't care that JPS is SW, they want Pappy -- SW or not.

[TomH]

I guess you first of all have to decide what the goal of your trade is....are you trying to maximize your value or are you trying to get something you like better without laying out any cash. With that in mind here are my comments on the 2 trades:

Trade 1 - There is no way I would even consider this trade. The value you are getting back is nowhere close to what your trading away. I would be looking to get around twice as much as you are proposing for a PVW 23 (looking at what I think the bottles are worth not necessarily tying into his pricing structure).

Trade 2 - If I had a PVW 23 that I didn't want, this might be an acceptable trade. I think the values line up between the two sides making this a fair trade. I'm not sure I'd really be into getting that many JPS's, but if you like them I would say this is my choice for the 2 trades.

Just my 2 cents

Tom

[savagehenry]

Thanks Tom. The guy with the JPS also has a couple that I've never seen out here, Hancocks Reserve and Johnny Drum. Perhaps I can get more than the JPS.

[Rockefeller]

I'm slightly confused here. Why not just keep the PVW23 and buy a JPS18 at normal retail prices? My local store has it at $70 pretax

If you can't afford to purchase any more bottles, sell your PVW23 (it is flooding craigslist right now) and this time, use the proceeds to buy a VWFRR, ORVW10, JPS18 AND still have money left over for a dinner.

Problem solved. You're welcome.

[White Dog]

This is easy. Trade that bottle for 10 cases of Mellow Corn. You'll be better off. Trust me.

[savagehenry]

I'm slightly confused here. Why not just keep the PVW23 and buy a JPS18 at normal retail prices? My local store has it at $70 pretax

If you can't afford to purchase any more bottles, sell your PVW23 (it is flooding craigslist right now) and this time, use the proceeds to buy a VWFRR, ORVW10, JPS18 AND still have money left over for a dinner.

Problem solved. You're welcome.

Thanks for the input, but that is not one of the scenarios. The PVW 23, that I bought for retail $, does not mean s*&t to me. I can get JPS 18 for $70 and I love it, however, trying to get VWFRR and ORWV 10 in SD county is almost impossible. That is why I am leaning towards either getting 2 hard to find bottles for it, or 5 $70 bottles that I thoroughly enjoy, for it. I suppose I could also hold it for several years until it's worth $1000, but going by how my stock portfolio is performing, I prefer to act now.

[Tico]

I really don't see the value in drinking a PVW23 at retail cost and definitely not at the inflated secondary market price. It all depends on how bad you want a bottle of VWFRR and ORVW. That being said I think you would get a lot more utility out of 5 bottles of JPS over one single bottle of PVW23.

[savagehenry]

Don't think it matters what he knows necessarily -- what do his customers know? People don't care that JPS is SW, they want Pappy -- SW or not.

That's my point. If I trade to shop # 1 for JPS, and then go to shop # 2 with two bottles of JPS, there is no way I will get the VWFRR & ORWV for 2 JPS bottles if he doesn't know what the JPS are.

[savagehenry]

I really don't see the value in drinking a PVW23 at retail cost and definitely not at the inflated secondary market price. It all depends on how bad you want a bottle of VWFRR and ORVW. That being said I think you would get a lot more utility out of 5 bottles of JPS over one single bottle of PVW23.

Thanks Tico. "Utility.". I like that.

[Rockefeller]

Thanks for the input, but that is not one of the scenarios. The PVW 23, that I bought for retail $, does not mean s*&t to me. I can get JPS 18 for $70 and I love it, however, trying to get VWFRR and ORWV 10 in SD county is almost impossible. That is why I am leaning towards either getting 2 hard to find bottles for it, or 5 $70 bottles that I thoroughly enjoy, for it. I suppose I could also hold it for several years until it's worth $1000, but going by how my stock portfolio is performing, I prefer to act now.

I think the greater point is that you can get more for the PVW23, I think 2 VWFRR and 2 ORVW would be fair. The liquor store owner, who paid wholesale prices for them, should understand that. I would at the very least hold out for two VWFRR and one ORVW.

[Josh]

This is easy. Trade that bottle for 10 cases of Mellow Corn. You'll be better off. Trust me.

Don't be stupid. Get three or four cases of Very Old Barton, BiB.

[Rockefeller]

Don't be stupid. Get three or four cases of Very Old Barton, BiB.

Macallan 25yr methinks

[savagehenry]

I think the greater point is that you can get more for the PVW23, I think 2 VWFRR and 2 ORVW would be fair. The liquor store owner, who paid wholesale prices for them, should understand that. I would at the very least hold out for two VWFRR and one ORVW.

He may have only one of each, and he may not have necessarily paid wholesale. I've talked to several shop owners who have had to buy 12 cases of vodka to get one bottle of a VW.

[Rockefeller]

He may have only one of each, and he may not have necessarily paid wholesale. I've talked to several shop owners who have had to buy 12 cases of vodka to get one bottle of a VW.

Well, then you should be able to trade the 23 for a VWFRR, an ORVW10 ... and a case of Vodka

[compliance]

I think the greater point is that you can get more for the PVW23, I think 2 VWFRR and 2 ORVW would be fair. The liquor store owner, who paid wholesale prices for them, should understand that. I would at the very least hold out for two VWFRR and one ORVW.

I don't know of any store in CA that gets more than one bottle of VWFRR, most get 0. I think if you tried to trade some JPRS for anything you'll get laughed at, that stuff's flooding the shelves right now. He could just buy it from the distributor. Personally, I wouldn't deal with people marking up like that in any way shape or form. Try trading it to someone looking for 23.

[Brisko]

Macallan 25yr methinks

Bingo.

Look, assuming you paid close to MSRP for the PVW23, and you trade it for VWFRR and ORVW 10/107, you still end up overpaying by about a factor of two. I've had both of these and they are great but hardly worth $250 in my opinion. The smart play would be to trade your overvalued PVW23 for something that's not overvalued. For instance, a 25 or 30 year old single malt. Or multiple cases of whatever value bourbon tickles you... if it was me it would be OGD114, but VOB and Mellow Corn are worthy suggestions, too.

Or, barring that, 5 JPS18s. At least then you're only overpaying by 25%.

[Kalessin]

If I walked up to the counter at any of the liquor stores around here, asked for the owner or manager, and said, "I have this bottle of Pappy 23 and I'd like to trade it for those other bottles of whiskey over there..", I'd expect to get in reply, "What, are you from the ABCC? The Department of Revenue? Credit card, debit or cash, or get the hell out of here!"

[Rockefeller]

Bingo.

Look, assuming you paid close to MSRP for the PVW23, and you trade it for VWFRR and ORVW 10/107, you still end up overpaying by about a factor of two. I've had both of these and they are great but hardly worth $250 in my opinion. The smart play would be to trade your overvalued PVW23 for something that's not overvalued. For instance, a 25 or 30 year old single malt. Or multiple cases of whatever value bourbon tickles you... if it was me it would be OGD114, but VOB and Mellow Corn are worthy suggestions, too.

Or, barring that, 5 JPS18s. At least then you're only overpaying by 25%.

Seriously, Macallan 25 is the best and most "equitable" trade you can do with a PVW23. Mac25 actually has a MSRP of $600+ and is much more impressive to have on your top shelf vs. some $250 bottle that's been hyped up to be worth $600+.

[Rockefeller]

Seriously, Macallan 25 is the best and most "equitable" trade you can do with a PVW23. Mac25 actually has a MSRP of $600+ and is much more impressive to have on your top shelf vs. some $250 bottle that's been hyped up to be worth $600+.

By the way, I'll save you the suspense. Having owned everything in the Van Winkle line, I can tell you that the ORVW10 and VWFRR is NOT worth $600 (market value wise) of anything. That's an iPad w/ $100 rebate!!! Can we pull ourselves together people?!

[Brisko]

Seriously, Macallan 25 is the best and most "equitable" trade you can do with a PVW23. Mac25 actually has a MSRP of $600+ and is much more impressive to have on your top shelf vs. some $250 bottle that's been hyped up to be worth $600+.

I agree completely, although personally I would hold out for a Talisker 30 and a case of OGD114.

I also agree with your other post about the value of ORVW 10/107 and VWFRR. I've bought ORVW at $40 and it was probably worth that. I wouldn't pay more than $40 for it, though. I might not even buy it again at that price. The rye is very good and I'm glad I bought it, somewhere in the neighborhood of $65 last year. I could see paying $100 for it but not much more.

[savagehenry]

Seriously, Macallan 25 is the best and most "equitable" trade you can do with a PVW23. Mac25 actually has a MSRP of $600+ and is much more impressive to have on your top shelf vs. some $250 bottle that's been hyped up to be worth $600+.

I really don't drink Scotch, but I'll consider that. If I'm only going to have one bottle of Scotch on my bar, a 25 year would be a good one.

[Rockefeller]

I really don't drink Scotch, but I'll consider that. If I'm only going to have one bottle of Scotch on my bar, a 25 year would be a good one.

Try the 12yr and 18yr (a classic) at a bar first to see if its profile is to your liking. Although I would be hesitant to open the 25yr in the first place.