430 - Has the Bourbon Glut Arrived? with Jeremy Dever

Bourbon Pursuit

Hobbies, Food, Arts, Leisure

4.9 • 866 Ratings

🗓️ 5 October 2023

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

At this point, if you've been listening to the show then you know there is a whole world of investor barrels and there is plenty of talk about a bourbon bubble burst and market saturation. For that reason, I've invited Jeremy Dever on the show. I've known Jeremy for a few years and he's a wealth of knowledge and has a pulse on the market. He got his start working with Steve Thompson at Kentucky Artisan Distillery and transitioned to brokering barrels for investors without brands. We discuss barrel values, overproduction issues, and if now is a good time to launch a new brand or if it's too late. It's a reality check for many people because the modern day bourbon glut may have arrived. Show Notes: Above the Char with Fred Minnick (@fredminnick) talks about leading a quick bourbon tasting. How did you meet Steve Thompson and get into the spirits business? What was your role at Kentucky Artisan Distillery? At what point did you get into the barrel brokering market? What do investors with barrels do when they don't have brands? What is the benchmark for barrels when figuring out the value? Should investors think about acquiring brands to sell the barrels? Now are investor barrels being held on to wait for higher ages? What are we going to do with overproduction and all the stillage? Is the best time or the worst time to start a bourbon brand? When will see the open barrel market start to level out? Support this podcast on Patreon

Transcript

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0:00.0	So now there's a massive gap of one to two-year-old.
0:02.1	So now you've got new fill that you're overpaying for.
0:03.9	And you've got three- and four-year-old that you're underpaying for.
0:06.0	And everybody wants one and two because you can't build a brand on either one.
0:09.6	So it's constant.
0:11.0	It's constant.
0:11.6	This is Bourbon Pursuit, the official podcast of Bourbon, bringing to you the best in news, reviews, and interviews with people making the bourbon whiskey industry happen.
0:33.6	And I'm one of your host, Kenny Coleman.
0:35.7	At this point, if you've been listening to the show,
0:38.4	then you know there is a whole world of investor barrels out there,
0:41.6	and there's plenty of talk about the bourbon bubble,
0:44.4	and if it's ready to bust because of market saturation.
0:47.7	So for that reason, I've invited Jeremy Deffer on the show.
0:51.4	I've known Jeremy for a few years,
0:53.0	and he's a wealth of knowledge and has a good pulse on the show. I've known Jeremy for a few years, and he's a wealth of knowledge and has a
0:55.0	good pulse on the market. And he got his start by working with Steve Thompson over Kentucky
0:59.5	Artisan Distillery and eventually transitioned into brokering barrels for investors without brands.
1:05.4	And we discuss barrel values, overproduction issues, and if now is a good time to launch a new brand, or if it's too late.
1:13.9	It's a reality check for many people because the modern-day bourbon glut may have arrived.
1:19.4	With that, enjoy this week's episode.
1:21.7	And now here's Fred Minnick with Above the Char.
1:25.1	I'm Fred Minnick, and this is Above the Char. Hey, Fred, use Above the Char. I'm Fred Minnick, and this is Above the Char.
	...

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