About – “This Kentucky Bourbon pays tribute to the earliest days of the distillery’s history, when it released the original Heaven Hill Bottled-in-Bond in 1939. The namesake brand quickly became the number-one-selling Bourbon whiskey in the state of Kentucky. Today, the craftsmanship poured into this bottle meets the exacting standards first set forth in the Bottled-in-Bond act of 1897. This historic offering reflects our founders’ firm belief that it takes patience and perseverance to make something of great quality.” Last year Heaven Hill decided to take their famous bottled in bond nationwide. In doing so they tripled the price and added 1 year to the age statement. Heaven Hill Bottled in Bond is 7 years old, bottled at 100 proof, and costs $40.
Nose – This smells like peanut brittle. When digging deeper it comes of as very corn forward with a light leather and vanilla. As it opens up oak becomes prominent along with caramel.
Palate – The first thing I noticed is the light and thing mouthfeel. The most noticeable flavors are peanuts and oak with a strong influence of funky bitter oak tannin. Finish is medium nearing long with more of that bitter oak and splash of cinnamon.
Score – C
Verdict – Heaven Hill missed the mark on this one. It tastes nothing like their previous 6 Year Bottled in Bond. Side by side I would take Heaven Hill Green Label over this all day. There is just something off with this release. If you are really interested in trying this, I would recommend doing so at a bar before purchasing a bottle.
About – “Established in 1860, Early Times is a true American brand. From our rich heritage we have unearthed bourbon inspiration to create a legacy expression that pays homage to Early Times Bottled-in-Bond Bourbon from 75 years ago. This true old-style Kentucky bourbon honors the high standard of historic bourbon-making set forth by the U.S. Bottled-in-Bond Act.” Early Times was once the highest selling bourbon label in the United States. This release is meant to pay homage to 75th anniversary of the once proud brand. Early Times Bottled in Bond is aged at least for yours, bottled at 100 proof and costs around $25 for a 1 liter bottle. It is currently only available in select states.
Nose – Caramel is the dominant scent here followed by baking spice and a touch of citrus dancing in and out.
Palate – The caramel from the news leads the way backed up by a nice presence of oak. Cinnamon makes an appearance on the backend. The finish is medium length with a very nice sweet oak and cinnamon.
Score – B
Verdict – This bourbon punches way above its price range. An excellent release from Brown Forman hitting all of the classic bourbon notes we all know and love. I would hard pressed to name a better bang for your buck product currently on the market.
About – Hancock’s Presiden’t Reserve is an often overlooked release of Buffalo Trace, I mean it isn’t even listed on their website. About the only information provided regarding Hancock’s is that it is named after Hancock Lee, co-founder of Leesburg, Kentucky. It is a mashbill #2 bourbon like Blanton’s and Elmer T. Lee. It is bottled at 88.9 proof and is a somewhat allocated product. The retail price is around $50, but like other Buffalo Trace releases good luck finding it at that price if you can find it at all.
Nose – Light and Very Sweet. Honey, apricots, cereal, and a touch of apple. After sitting out for a while brown sugar becomes prominent along with white grapes.
Palate – Apples and oak. There isn’t much to say beyond that. A medium length sweet oak finish. The more I taste it there is a slight cinnamon note to be found in the mid palate if you really look for it.
Score – C+
Verdict – Hancock’s is probably best defined as a light sipping bourbon. It doesn’t pack much of a punch in the flavor department, but what is there is enjoyable. The nose is absolutely beautiful. It is worth trying, and worth buying a bottle at around retail price, but I would be very hesitant to pay more than that.
About – Kentucky Owl is a brand that has developed a cult like following for their bourbon and rye releases. There has been much talk about their pricing structure as well. They are at the forefront of brands who have moved their pricing in line with secondary either to combat flipping or maximize profit. Whatever the case it has gotten them plenty of attention. Confiscated is their first large scale release since being purchased by Stoli. The name pays homage to a warehouse worth of bourbon that was “confiscated” at the beginning of prohibition. Kentucky Owl Confiscated carries no age statement, is bottled at 96.4 proof, and retails for $125 although I have seen it priced anywhere from $99-$175.
Nose – First impression is that the nose is darker than expected. The note that jumps out is mint, accompanied by leather and dark caramel. Smells well aged despite the lack of age statement
Palate – Huge caramel bomb! There is a touch of barrel spice and on the backend I am finding a hint of younger rye. The finish is medium-long and is all barrel spice.
Score – B-
Verdict – I enjoy the flavors, it just isn’t that complex. It comes across as probably an 80% blend of well aged bourbon mixed with 20% youger high rye bourbon. The youth isn’t overly apparent but does show up slightly on the back of the palate. All in all it is a solid offering, but not so sure I can recommend a bottle purchase given the price. I would suggest having a taste at a bar or from a friend before dropping the $125 on this one.
If you have been around bourbon very long you understand how big the secondary market for bourbon is. Large groups are continually shut down and spring back up as many smaller groups with different names. Frustration over this topic frequently brings up the same comments. People are always asking things like why don’t distilleries do more to stop the secondary market, and why don’t distilleries just raise prices on limited items like Pappy and BTAC to stop hoarding or flipping? The reason is simple. Distilleries are the biggest beneficiary of the secondary market.
The first way distilleries benefit from the secondary market is through the hype and fomo it creates around releases. When people find out they can’t find George T. Stagg they are steered towards Buffalo Trace becuase they share a mashbill. The best example of this is the Pappy craze sparking sells of Weller. As recently as 2-3 years ago you could walk in most good stores and find Weller Special Reserve and Old Weller Antique with ease. As the Pappy craze spiraled out of controlled people were steered towards Weller as an alternative because they share the same mash bill and are produced by the same distillery. This has led to a run on Weller products, and now they are allocated as well. The hype of BTAC and Pappy lead to increased sales of the entire Buffalo Trace boubon portfolio.
The second way distilleries benefit from the secondary market is a little cloudier. They use to push large quantities of the other products they produce such as vodka. Distributors use allocated releases as a way to talk stores into buying stock that they don’t necessarily need or want. I know we are harping on Buffalo Trace as an example here, but they are an easy example to talk about for this scenario as well. Buffalo Trace doesn’t just distill whiskey they also distill several labels of vodka. When stores ask what can I do to get an extra bottle of William Larue Weller the answer is often something like buy 40 cases of Platinum Vodka. Have you ever walked in to a store and seen cases of Popov stacked to the ceiling? This is why. A friend of mine who recently opened a restaurant asked the distributor how he could get some Old Weller Antique and was told he would have to carry the entire Buffalo Trace portfolio including Wheatley Vodka.
Distilleries may talk publicly about fighting the secondary market. They may encourage customers to report stores who are gouging prices on allocated products. The truth though is that distilleries aren’t working behind the scenes to eradicate price gouging or secondary markets because they are the ones who benefit the most.