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How much would you be willing to spend for a bottle of Pappy Van Winkle? Somewhere between $2,000 or $3,000 maybe?
Apparently, some individuals will pay far more than that, due to the fact that a bottle of 23-year-old Pappy Van Winkle just recently sold for $52,500 in an action.
Sotheby’s New York run an auction as part of a collection called Whisky & Whiskey | Seasonal Spirits and The Yamazaki 55. setting a new record for this incredibly collectible unicorn bourbon brand name.
These bottles, which included uncommon expressions from The Macallan as well as the revered and essentially unobtainable Yamazaki 55, generated the grand total of $1,786,625.
(Sotheby’s has auctioned off nearly $12 million worth of whisky in 2022 alone).
The Pappy in question is a 23 Years Of Age Household Reserve bottle that was originally released in 2008.
So this scotch was distilled well prior to the brand name was acquired by Buffalo Trace in 2002 and is likely Stitzel-Weller produced.
A rep for Sotheby’s, mentioned two collectors squared off in a bidding battle for this Pappy, ultimately driving the price well above initial pre-sale estimate of $3,000-$4,000.
“It was exciting to be on the rostrum conducting the sale for this record-breaking bottle, which went far beyond anyone’s expectations,” said Jonny Fowle, Sotheby’s Head of Whisky & Spirits, North America and EMEA, in a statement. “The auction marked a remarkable end to a year that has seen prices soar for American whiskey at Sotheby’s.”
There were a total of 14 bottles of Pappy up for auction. The combined sales reached almost $400,000. Setting more records, Pappy 15- $9,375 and a bottle of the 20 year old for $27,500.
The Pappy brand continues to be a whiskey preferred amongnst fans.
The 2022 lineup was just recently announced, boot company Wolverine launched boots with heels made utilizing Pappy barrels, and you can now buy shares in Pappy without having to in fact buy a bottle.
