eelbrook wrote:In my very limited experience, "official" distillery bottlings are often overpriced. Viz "Talisker 20yo" at £90. I guess that its pure demand and supply economics. If they can get it, why not continue to charge it!
I can't imagine what other yardstick could be used. It's always
supply-and-demand economics. It's like saying "The only reason I'm so heavy is because of gravity."
Big companies like Diageo can afford to put a higher price tag on some bottlings, because they can afford to keep stock around for a while. In some cases, I think it is actually more desirable for them to have 200 bottles of some 40-year-old expression seen
worldwide with a £5,000 price tag, than to actually sell it. At the very least, they'd like a relatively unusual bottling to last in the marketplace for a while, at least until it can be followed with the next one. The IB's, I think, would have a slightly different motive--they'd want to sell the stuff relatively quickly. It's their bread-and-butter, just as the standard bottlings are for the big guys.