The Pappy you purchase today is just released is not the original Pappy made by Stietz Weller.
That brewers was sold and Julian got to to keep the barrel in-stock and the Pappy name. Julian supplied some whiskey to a tasting, that really wasn’t distilled by Stietz Weller and the rest is History.
Any Pappy you purchase today is made by Buffalo Trace in the old distillery. Now Buffalo Trace makes good whiskey but it’s not the original. Whiskey is an agricultural product with no way to provide the same product release to release. The same casks aged in different areas of a store house turn out differently.
But what has been found out by the general public is that age has a lot to do with taste and age costs money. The past 20 years have seen individuals scouring distilleries for old forgotten casks, fancy labels and high prices.
Find a distillery of which you enjoy the product and jusge worth the cost and stick to it.
When Suntory purchased Jim Beam, known in this country as Jim Beam-Suntory, the Beam bean counters found Suntory sitting on a potful of Yamazaki, which was subsequently released and Yamazaki virtually disappeared from the marketplace except for resellers. An accounted will never see value in a product that has to age. I have one bottle of 18 Yamazaki left along with others such as 21 Hibiki( brought over by a friend from Japan) that my son tells me to sell. They were not purchased for profit or notoriety but because I liked the product. I’m kind of sick and tired of this hype about Papy’s and much of the whiskey)(whisky) sold to today.
Like today’s collector markets, these markets are vastly overprice today simply because there is too much money in the economy and no where to put, other than a reasonable amount of return.
-Richard