Elmer T Lee - worth it?

[berto]

ETL gained notoriety because it was a $25 bottle that drank like a $40 bottle.  Add some love for the bottle’s namesake on top.  It was a good value play.  Then things got goofy.  A $40 bottle that drinks like a $40 bottle is fine. The secondary FOMO tax turning it into a $150+ bottle can lead only to disappointment.  Inflation turning it into an $80 bottle, well that’s just how it goes. I don’t know if the quality is there because I haven’t t bought a bottle in probably a decade.  If you gotta have it try to get it at MSRP.

[0895]

40 minutes ago, berto said:

ETL gained notoriety because it was a $25 bottle that drank like a $40 bottle.  Add some love for the bottle’s namesake on top.  It was a good value play.  Then things got goofy.  A $40 bottle that drinks like a $40 bottle is fine. The secondary FOMO tax turning it into a $150+ bottle can lead only to disappointment.  Inflation turning it into an $80 bottle, well that’s just how it goes. I don’t know if the quality is there because I haven’t t bought a bottle in probably a decade.  If you gotta have it try to get it at MSRP.

 

A perfect summary.

[Richnimrod]

9 hours ago, Special Reserve said:

Is it the Liquor Control Commission or the distiller that sets the price?

AFAIK, the LCC is the 'final answer' here; but, it's everybody above the consumer really.   My understanding is that when The State of  Michigan 'orders' liquor, they receive a MSRP for each item; allowing retailers, the State, and (of course) themselves healthy profits.   Then the LCC decides based upon that number, and market trends, where to set the retail price as a 'base' (retailers are free to charge that price or exceed it - but never sell below it).   AFAIK, the LCC always sets it at or usually slightly above the MSRP (If they didn't they would be derelict in the mission to not only 'control'; but, ensure the State treasury a decent return on investment).     However, in deference to retailers profit margins they will frequently set some prices rather higher.   This much?   I have no idea.   Quite likely the distiller (BT) has quoted Michigan a considerably higher MSRP than in those golden days of years ago.   ...As well as charged a significantly higher wholesale price to The State.      So, I guess one could say that everybody up the supply chain from the retailer, to the distributor, to the MLCC, to the distiller is demanding their pound of flesh from the consumer.   When any liquor becomes as sought-after as so many are today the cost will inevitably go skyward.   It's always the entity least able to do so that bears the cost of escalating market demand - the consumer.   

...Because of the "Golden Rules".  ...Them that's got the gold makes the rules.

[PaulO]

What I'm gathering from the discussion is, the people that had enjoyed it in the past will decline to purchase at newer (crazy IMHO) prices.  The last one I bought was $25.    It's an easy drinking 90 proofer, nothing stands out to make it worth the mad money.  I don't drink labels.

Edited 15 hours ago by PaulO

[flahute]

16 hours ago, berto said:

ETL gained notoriety because it was a $25 bottle that drank like a $40 bottle.  Add some love for the bottle’s namesake on top.  It was a good value play.  Then things got goofy.  A $40 bottle that drinks like a $40 bottle is fine. The secondary FOMO tax turning it into a $150+ bottle can lead only to disappointment.  Inflation turning it into an $80 bottle, well that’s just how it goes. I don’t know if the quality is there because I haven’t t bought a bottle in probably a decade.  If you gotta have it try to get it at MSRP.

Exactly this. And good to see you around again.

[berto]

1 hour ago, flahute said:

Exactly this. And good to see you around again.

Thanks!  Drinking curtailed and purchasing ceased so I sometimes have to remind myself to come see my friends in this corner of the internet.  

[0895]

11 hours ago, PaulO said:

What I'm gathering from the discussion is, the people that had enjoyed it in the past will decline to purchase at newer (crazy IMHO) prices.  The last one I bought was $25.    It's an easy drinking 90 proofer, nothing stands out to make it worth the mad money.  I don't drink labels.

 

Sounds pretty accurate.

The last one I bought was $39.99 and I would struggle to pay much more than $50-60 for it currently.

Personally I'm more inclined to overpay for RHF or Blanton's Gold than any of the sub 100p mash 2 bottles.