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thelastdram Single Malt Member

Joined: 28 Jul 2016 Posts: 65
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Posted: Mon Aug 29, 2016 1:20 pm Post subject: |
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It's simply supply and demand it works with everything in the world not just whisky of course the distilleries want to get their share of it as do all companies no matter what product they sell
And if your blaming the people selling then also blame them who buy from them as no one can sell what no one is willing to buy |
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unblended Master Of Malts

Joined: 20 Mar 2015 Posts: 440
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Posted: Mon Aug 29, 2016 2:05 pm Post subject: |
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| I am not blaming anybody as you seem to think just stating what I think is going on |
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thelastdram Single Malt Member

Joined: 28 Jul 2016 Posts: 65
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Posted: Mon Aug 29, 2016 2:29 pm Post subject: |
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| Fair enough |
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opelfruit Master Of Malts

Joined: 19 Feb 2013 Posts: 1900 Location: Trapped inside this octavarium
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Posted: Mon Aug 29, 2016 5:48 pm Post subject: |
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Totally supply and demand. the demand is high from drinkers and flippers, the supply isn't there. The supply used to be there when it was just drinkers but the flippers are taking a big chunk of the share.
Demand then appears on the secondary market which causes higher auction prices as the drinkers want to drink the stuff and the distilleries notice this and call all supply and demand issues when they put the price of the next release up.
Yes buyers on the secondary market are a big problem, but they are paying the prices because they believe that prices will go up and therefore "right now" is the right price.
And around we go again. Unless people have had enough and stop buying at the silly prices. I've stopped and I know others have too.
......in terms of investment. I've a couple of grand profit sitting in about 6 or 7 bottles I bought years back. Will I sell them? Never. They were bought to be drunk and they will be drunk by me. _________________ "Too much of anything is bad, but too much good whisky is barely enough." |
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thelastdram Single Malt Member

Joined: 28 Jul 2016 Posts: 65
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Posted: Mon Aug 29, 2016 10:38 pm Post subject: |
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I know exactly what ur saying ur clearly a drinker rather and hate the selling for profit side, I'm both and will continue to be both. Fair play as well if you can have a few grand sitting and be able to drink it not a lot of people have that option there fore if they get a bottle people want then getting the highest price is obv top priority and not that the person who's buying is a drinker or collector
I have so far never sold anything hobbister would have been my first if I was to sell it but I have about 19 bottles in my collection which I know will make money and I'll keep theses bottles for that but I also have about 20-25 bottles which I drink and enjoy
Distilleries for me are a big part of the problem because they must plan their releases in advance and now with the NAS it's making it easier to have limited edition due to the fact that don't car about the age so their producing these limited editions not for the drinker but for the collector. Hobbister for example is part of a five bottle release amid at collectors
For me personally I I know one of my bottles is worth a lot of money I can't open it as if I do and I don't like it then for me is like pouring money down the drain and I don't rely on other peoples reviews of bottles so not willing to take the chance in losing hundreds for a sip of something I won't like so won't drink |
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Naibed01 Double Malt Member

Joined: 20 Mar 2016 Posts: 116
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Posted: Tue Aug 30, 2016 9:22 am Post subject: |
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Crikey, I didn't expect the thread to go this way.
@TheLastDram - It was a bit sour grapes on my part. I actually had purchased a bottle through HP, but due to an issue their end the order has failed despite me receiving a confirm on it.
I used to buy and sell on, but now no longer do it. If I buy a bottle, I will drink it.
I am glad you admit you buy to profit. That is your prerogative, and I hope you do well from it.
The offer was made and has been declined. Lets leave it at that folks. |
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thelastdram Single Malt Member

Joined: 28 Jul 2016 Posts: 65
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Posted: Tue Aug 30, 2016 10:45 am Post subject: |
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I know either did I lol
Sorry to hear that, I do know their site crashed a few times whilst it was on sale
as I said I don't mind what people think of me if a buy a whisky to sell on but right now I've not sold one and hobbister woulda been my first
It was a fair offer but at the time I think I coulda got more and on some whisky sites that's proven true
Thanks and hopefully you manage to get yourself a bottle mate |
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thelastdram Single Malt Member

Joined: 28 Jul 2016 Posts: 65
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Posted: Thu Sep 01, 2016 6:06 pm Post subject: |
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| £310 the price on some sites with a few days to go 🙈 |
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