Thanks for the input, I understand what you're saying, but maybe I should be more specific, in both the relative as absolute sense of whisky being overpriced.
1. Relatively overpriced: value for money?
There still are some multiplezillion liters in the warehouses, isn't it? Maybe primarely younger ages, but as whisky seems to get more attention, more OB expressions are released in order to increase sales. To my taste I got disappointed after buying the OB Sherry, Port and Madeira finishes. Payed more money, but it did not taste more enjoyable (or better) than the 10y OB.
In other cases (read the forum) people get the feeling that the taste of same expressions get less enjoyable: quality seem to decline.
Intermezzo: a quick comparison with cognac: distilled from grapes, only from the cognac area. After harvesting in September/October, the people in Cognac only have until the following 31. March to distill their wines to have the right to call it cognac. It also matures in oak and loses the Angels'share (French Angels). High regarded destillates from Grande Champagne and Petit Champagne get very enjoyable after 20y-25y and peak at 40y-50y.
Forget the biggest brands you see at the airports, take e.g. Delamain (the smallest of the big houses): their youngest bottle is an XO at around 25y for approx. €55 the next one called Vesper at around 35y €80 (I bought my bottles some time ago).
There are some other enjoyable cognacs, aged 30y-50y, in the price range of approx. €100-€130. (1€ is roughly 1 US$)
This is not meant to lead you to cognac, read on and let's get back to whisky:
2. Absolutely overpriced
I accept a range of different age statements with increasing prices for the older expressions. I also accept higher prices for rarer bottles on the market like Ardbeg 1975 OB or 30y OB. This is understandable since there's not much left.
So, what's my point?
Take Diageo as distiller of the year. They released Brora 30y for €200, Dalwhinnie 1966 for €400, Oban 32y for €310, Lagavulin 25y for €240. Note that Brora is the only closed distillery.
Your financial situation is not my business.
But how many of us in the forum have already one or more of the above? I like Lagavulin and Brora a lot, really, but these prices?
These trends are worrying me.
Single malt is a niche in the market and without economies of scale, we are already paying a little more to get a bottle. That's OK, because of the production, distribution and maybe marketing costs.
But remember, most single malts are in fact 'only' produced as an ingredient for the blends. There must be a large stock of various and mature malt whiskies.
So of all people, the small group of enthousiastic consumers that promote single malts in their environment, introduce others to the world of whisky, and stay with it for the rest of their life, not drinking it as a fashion, will have to pay super premium high prices for certain older whiskies?
This thought seems to hurt my heart more than my wallet.