Costco is currently clearing out their stock of 40 year old single malt scotch whisky at $199.97. It was for $399.99. It seems the price is valid at all stores (at least in Illinois). Also, it's not on sale in all states, as one of the members pointed out, it's not on sale in Delaware. I would strongly suggest to call ahead and ask for Item # 746526 for inventory and also the price. Originally was selling for $699.99.
Also, please do not compare this with blue label or any other blended scotch whisky, this is single malt, which tends to be little expensive and smoother (at least for me). I have always loved Costco brand Kirkland's single malt offerings and I am pretty sure won't be disappointed with this. Also, the price might say $399.99, but ring up as $199.97 as price change might have happened recently.
Product:
http://www.costco.com/Kirkland-Si...01&refine=
Store Locator:
http://www.costco.com/warehouse-l...ogId=10701
http://tinypic.com/r/2qb59np/9
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This....... just ruined my morning.
I found very funny..
Coming back to the topic.. so its a 40y old.. how can we know for sure? With so many scams out there, its so easy for someone in the value chain to lie and add a few years and sell for more..
The only way Costco would have verified is by having one of their inhouse tasters.. taste it and certify.. That is not enough for me to shell out 4 times what I normally pay for a bottle. Lagavulin 16 at $55.. better value in my opinion.
The reason they are "clearing them out" ?.. no one buying at that ridiculous price thats why.
Has anyone tried this? opinions? I might still pick up a bottle at $199.
Comparing it to the Lagavulin 16, it is entirely on the opposite spectrum. The woodsy and smokey Lagavulin 16 has a completely different character from the Glenlivet 40 - but that shouldn't be a surprise since you're comparing an Islay to a Speyside.
Do I think the Glenlivet is worth the asking price of $800? - no. $400 though yes and at $200? It's a complete steal.
It has passed your bed time.
It is past your bed time.
Source: I am a dad.
It has passed your bedtime is proper, but not what they were saying. ; )
The thought of clearanced aged liquor is funny in itself. That seems like it would be the one product they wouldn't want to clearance. Non-parishable, high price per weight/volume, never goes out of style, actually gains value with age... etc...
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Comparing it to the Lagavulin 16, it is entirely on the opposite spectrum. The woodsy and smokey Lagavulin 16 has a completely different character from the Glenlivet 40 - but that shouldn't be a surprise since you're comparing an Islay to a Speyside.
Do I think the Glenlivet is worth the asking price of $800? - no. $400 though yes and at $200? It's a complete steal.
let me ask you a question.. (take no offense, I dont mean disrespect)
In a different universe, lets say the Lagavulin was regularly priced at $799 and the Glenlivet 40 at $55..
Lets now say that by a stroke of luck, they dropped the price of the Lagavulin to $199..
would you think the Lagavulin a steal?
Now, coming back to our current universe..
What is it with this 40y old (assume for a second that it is indeed a 40y old) that is worth paying 4 times 16y old price?
thank you.
The thought of clearanced aged liquor is funny in itself. That seems like it would be the one product they wouldn't want to clearance. Non-parishable, high price per weight/volume, never goes out of style, actually gains value with age... etc...
I wouldnt be surprised if they drop the price further (and they could, if they have too many of these with Kirkland stamp on them). Costco is not in the business of hoarding stuff, they need to move goods at a reasonable pace.
But they have 24yr for $90(normal price).
Btw- DC Costco doesn't put out food samples at 11:30 am?
The thought of clearanced aged liquor is funny in itself. That seems like it would be the one product they wouldn't want to clearance. Non-parishable, high price per weight/volume, never goes out of style, actually gains value with age... etc...
To answer your question, storing a product on the shelf that doesn't sell is costly. Because shelf space is limited, you could be generating profit by storing a product that sells instead. Think of it as putting a stash of money on the shelf that never gives you any profit instead of investing that money in a profitable way. I think it's called Opportunity Cost.
BTW, liquor laws across the country is one of the funniest things. In California you can't store liquor within 5 feet of a cash register. Thanks to the people that created the Prohibition. For you young folks, keep your eyes open for when the marijuana laws swing the other way
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To answer your question, storing a product on the shelf that doesn't sell is costly. Because shelf space is limited, you could be generating profit by storing a product that sells instead. Think of it as putting a stash of money on the shelf that never gives you any profit instead of investing that money in a profitable way. I think it's called Opportunity Cost.
BTW, liquor laws across the country is one of the funniest things. In California you can't store liquor within 5 feet of a cash register. Thanks to the people that created the Prohibition. For you young folks, keep your eyes open for when the marijuana laws swing the other way
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