Is It Worth It? Buying Old(er) Whisky in 2017

This post is brought to you by two recent questions. One was asked of me last week by (ir)regular commenter Ol’ Jas regarding a 1977 Pulteney bottled by Scott’s Selection in the mid-2000s: he wanted input on whether it was worth it at the price. This pointed question focused for me another I’d been turning over in the back of my mind in the last couple of weeks while drinking down a bottle of Talisker 18, purchased some years ago at a much lower price than is currently being asked for it: it’s a whisky I like a lot, it’s one of the first whiskies I thought of as great when I first started getting into single malts in a big way, but I can’t be sure that I will ever buy a bottle of it again. Both scenarios have shifting price in common—that bottle of Pulteney was also being sold for quite a bit more than would have been asked for it five years ago, leave alone at release—but they’re not quite the same thing. And there are, of course, other kinds of scenarios as well which arise in relation to changing prices and the nebulous questions of value. And so, I thought I’d turn this into a blog post in its own right, less with a view to settling these questions and more to ask my readers how you negotiate them. Continue reading