Investing in Bourbon (2024)
The world of Bourbon has changed drastically over the last 10 years, the main reason for this is supply and demand. Ill be going over the ways of bourbon investing in 2024. I will also give you the best ways to get into bourbon investing.
What is the secondary market in 2024?
The Secondary market is a place on the internet where people can buy,sell and trade any bottles they have. Although most commonly associated with pappy van winkle, the secondary market is also a place where someone who loves a specific pour can obtain as many bottles they want. Unlike a store where you may be able to purchase one allocated bottle, on the secondary market the world is your oyster.
What is your best way of getting into the secondary bourbon market?
One of the best ways into the Secondary market is by purchasing bottles for MSRP, and flipping them for cash. Depending on what you can get your hands on, you could make thousands with a single flip.
Secondary market Via trade
The way myself and many other entered the secondary market is simply by trade. For example,if you use my guide explaining how to score allocated bottles for MSRP.Lets say you manage to score a stagg jr for $59.99. The going rate for a current release stagg jr on the secondary market is $180. You have $120 in profit just for being at the right place at the right time and purchasing a bottle. Now think if your friend worked at the liquor store, or if you had a good relationship with an employee there, instead of purchasing one stagg jr, you could purchase everything they had. several cases sometimes which can turn your profit into thousands quickly.
How does the secondary market for bourbon work?
Think of it like Craigslist or facebook marketplace, somewhere you can go to look for something or to sell something, sometimes you can trade a bottle for another. Created for people who aren’t satisfied with not having access to certain bottles, the secondary market is a safe and secure place where bottles can be bought and sold.Join here
Can you trust the secondat market?
Yes, as long as you are in a reputable group, this will be pretty easy to measure, simply following the “if its to good to be true, then it probably is” rule. If you have bottles to sell, or are looking for a specific bottle, you can always get an invite link to a safe and secure marketplace here
How else can I get into the Secondary Bourbon Market?
Similar to my first example, if you have the opportunity to get a sought after bottle for MSRP, you can then sell or trade it for other bottles that you’re interested in. With the market being in high demand, getting your hands on bottles at retail can be tricky, refer to my Guide on how to score allocated bottles at retail for more info.