Chasing The Unicorn

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August 26, 2026S02E122CHASING THE UNICORN

Can a Cheap Bourbon Really Beat an Expensive One Blind?

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August 26, 2026

Can a Cheap Bourbon Really Beat an Expensive One Blind?

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This is The Cut. American whiskey, daily.

A $75 bottle just beat a $1,880 one. Blind. Judges lined up nine bourbons with the labels stripped off and picked the cheapest one in the room over two of Buffalo Trace's most expensive names. The scoreboard didn't care what anything cost.

I'm John from Chasing the Unicorn Podcast. Here's what moved today. August 26, 2026.

Here's the setup. American Whiskey Masters 2026 took nine bourbons that had already won Master medals and put them in one blind panel. No labels, no prices, just liquid in glasses. When the scores landed, the overall winner wasn't George T. Stagg, which runs about $1,300 a bottle. It wasn't Eagle Rare 17, which runs $1,880. It was Ampersand Aureus — a five-year-old sourced bourbon finished in orange wine casks, retailing at $75. And the field wasn't small. Early Times Bottled-in-Bond at $16 and standard Buffalo Trace at $20 were sitting in that same lineup. Judges tasted across an enormous price spread and still ranked the cheap end ahead of some of the most collectible names in the category.

Here's what's worth sitting with. Aureus isn't a decades-old cult classic. It's been on shelves a few months, made by Foley Family Wines and Spirits, bottled at 121.8 proof. It just outscored bourbon nearly twenty-five times its price, blind, in front of trained judges. That doesn't make Eagle Rare and Stagg bad — long aging and barrel-proof intensity do real things a five-year-old can't. But it's hard evidence that price and quality don't move together at the top of the shelf. Nothing you already own got worse this week. What changed is the evidence for what a $75 bottle can actually do.

Now — today's Chase. This is the one I'd actually act on this week, and it isn't the Aureus, because that one's already on shelves. It's a rye that's been gone a while and is about to come back with a hard date attached.

New Riff Sherry Finish Malted Rye goes on sale Friday, August 28, at 11 a.m., through the distillery's Newport, Kentucky gift shop, online, and select national retailers. It's a six-year-old, 100 percent malted rye — an unusual mash bill even for New Riff, since most American rye uses malted rye as a minority grain, not the whole bill — finished in Oloroso and Pedro Ximénez sherry casks after its initial aging in New Riff's own barrels. It comes in at 117.3 proof and $69.99. This isn't a blind bet on a first release. This exact whiskey already won a double gold medal and was a Best in Class finalist at the 2025 San Francisco World Spirits Competition before it disappeared from rotation. The sherry finish should push dried fruit and nut character over the rye spice — more layered than New Riff's standard bottled rye.

The move is simple. Set an alarm for 11 a.m. Friday. Distillery drops like this, with a published proof and a real competition record, tend to move fast once the word gets out — and this one already has a fan base from its first run. If you're near Newport, the gift shop is your best shot at walking out with a bottle same-day.

Worth a quick mention too — there's a charity raffle closing tomorrow, Thursday, at 8 p.m., a hundred dollars a ticket for a shot at a Pappy Van Winkle six-bottle set. Only a fraction of the tickets are sold. Long odds, but real ones, if that's your kind of chase.

Now let's talk about how to actually taste any of this once it's in your glass. So here's what it is. The judges who picked Aureus over two four-figure bourbons weren't guessing — they used the same basic technique anyone with a glass can use. Start with your nose, not your mouth. Swirl once, hold the glass an inch below your nose, mouth slightly open, and breathe normally. Don't jam your nose in and inhale hard — that burns out your palate before the first sip. Take a small sip, hold it a beat, swallow, and then pay attention to what happens ten to thirty seconds later. That lingering finish is where a genuinely good bourbon — cheap or expensive — separates itself from one riding on reputation.

You don't need fancy vocabulary to do this right. "Tastes good" and "tastes like dessert" are legitimate tasting notes. The judges who ranked a $75 bottle above a $1,880 one weren't swayed by a label, because in a blind tasting there wasn't one — just attention, paid carefully.

What this changes — next time you pour something, try it blind. Have someone else hand you the glass without the bottle in sight. If you've got the Perfect Pour app, log that pour in your Rickhouse with no label visible, and let your Pour Print tell you what you actually taste versus what you think you're supposed to taste. It's available now, and it's the fastest way to find out if your palate agrees with the judges.

So here's the takeaway from today. The bottle that wins blind and the bottle that costs the most aren't always the same bottle — and the only way to find out which one you actually prefer is to taste it without knowing the price first. That's true of the $75 sourced bourbon that just beat a $1,880 one, and it's true of whatever's in your cabinet right now.

That's The Cut. The full American Whiskey Industry Brief is free every morning at chasingtheunicornpodcast.com. I'm John Schuster. Thanks for joining me. Your unicorn is out there.

A blind tasting just handed the biggest upset of the week to a $75 bottle. American Whiskey Masters 2026 stripped the labels off nine Master-medal bourbons — no prices, no branding, just liquid in glasses — and the overall winner was Ampersand Aureus, a five-year-old sourced bourbon finished in orange wine casks. It beat Eagle Rare 17 Year Old ($1,880) and George T. Stagg (~$1,300), two of Buffalo Trace's most collectible annual releases. That's real evidence, not opinion, that price and quality don't always track together at the top of the bourbon shelf. Today's edition also covers a record Willett auction sale, a returning sherry-cask rye with a Friday drop date, and a closing raffle with real odds at allocated bourbon. Listen to the full Cut for today's Chase pick and how to taste any of it properly.

Listen to today's episode and find us on Spotify and everywhere you listen at chasingtheunicornpodcast.com/episodes.

The Cut Daily
The pulse of American whiskey: What moved — and why it matters.
Chasing the Unicorn Podcast Edition · A Drunken Unicorn Production
Report Date: August 26, 2026
Reporting Period: August 24, 2026 through August 26, 2026
Classification: Free Edition · Share with Attribution
Free Edition · The Cut Daily · Chasing the Unicorn Podcast · A Drunken Unicorn Production · Drunken Unicorn Productions, LLC. The Cut Daily is the free gateway brief to the American Whiskey Industry Brief. Share, quote, and repost freely with attribution. Required attribution: "The Cut Daily · August 26, 2026 · Chasing the Unicorn Podcast · A Drunken Unicorn Production." The full AWIB is published free every morning at chasingtheunicornpodcast.com. Permissions and inquiries: chasingtheunicornpodcast.com.

Informational and entertainment purposes only. Nothing here is investment advice. Verify before buying, trading, or bidding. We are not liable for errors or financial losses.
What Is The Cut Daily? — The Cut Daily is the free written brief from Chasing the Unicorn. Every weekday we translate the biggest moves in American whiskey into plain English, teach one bourbon concept you can use at the shelf today, flag one bottle under $60 worth knowing about, and curate three Hunt picks across three price tiers. Knowledge-first chase. No FOMO. Just what moved and why it matters.
The full American Whiskey Industry Brief — every story, every Hunt entry, every debate, every auction — is published free every morning. If you want the full pour, not just the taste, read it at chasingtheunicornpodcast.com/the-brief/.
The Cut Daily is the free written companion to today's American Whiskey Industry Brief.
IN TODAY'S CUT

A $75 bottle just beat a $1,880 one. Judges at American Whiskey Masters 2026 tasted nine bourbons blind — and picked Ampersand Aureus, a five-year-old sourced bourbon, over Eagle Rare 17 and George T. Stagg. The scoreboard didn't care about the price tag.

A blind tasting panel just handed the biggest upset of the week to a $75 bottle, ranking it above two of Buffalo Trace's most expensive annual releases. That matters because it's real evidence — not opinion — that price and quality don't always move together at the top of the bourbon shelf. Today's edition also covers a record-setting Willett auction sale, a returning sherry-cask rye with a Friday drop date, and a closing raffle with real odds at allocated bourbon.

THE BIG MOVE
A $75 Bourbon Just Beat Two Bottles Worth Ten Times Its Price — Blind
Event Date: 2026-08-25

Here's the setup. American Whiskey Masters 2026 put nine bourbons that had already won Master medals into one blind panel. No labels. No prices. Just liquid in glasses. When the scores came in, the overall winner wasn't George T. Stagg at roughly $1,300 a bottle. It wasn't Eagle Rare 17 Year at $1,880. It was Ampersand Aureus — a five-year-old sourced bourbon finished in orange wine casks, retailing at $75. The field wasn't small, either. Early Times Bottled-in-Bond at $16 and standard Buffalo Trace at $20 were in the same blind lineup. Judges tasted across an enormous price spread and still ranked the cheap end ahead of some of the most collectible names in the category. Aureus is made by Foley Family Wines & Spirits, bottled at 121.8 proof, and it's been on shelves only a few months. That's the part worth sitting with — this isn't a decades-old cult classic. It's a new release that just outscored bourbon nearly twenty-five times its price, blind, in front of trained judges. It doesn't mean Eagle Rare and Stagg are bad bourbon. Long aging and barrel-proof intensity do things a five-year-old genuinely can't. But it's a real data point against the idea that price tracks quality at the top of the shelf.

What It Means For Your Shelf — Nothing you own got worse this week. What changed is the evidence for what a $75 bottle can actually do blind.
From today's AWIB Opening Pour. This is one of four lead stories in today's AWIB Opening Pour. The other three: Willett Family Estate 23 Year "Bigfoote" setting an auction world record; New Riff's Sherry Finish Malted Rye returning Friday; B.R. Distilling's wild-cherry cask bourbon finished in wood from France's Jura region. Read all four lead stories in The Brief →
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FIRST SIP
How to Actually Taste Bourbon
Paired with today's: Ampersand Aureus beating Eagle Rare 17 and George T. Stagg blind (today's Big Move)

The judges who picked Ampersand Aureus over two four-figure bourbons weren't guessing — they were using the same basic technique available to anyone with a glass. Start with your nose, not your mouth. Swirl once, hold the glass an inch below your nose, mouth slightly open, and breathe normally — don't jam your nose in and inhale hard, that just burns out your palate before the first sip. Take a small sip, hold it a beat, swallow, then pay attention to what happens 10 to 30 seconds later. That lingering finish is where a genuinely good bourbon — cheap or expensive — separates itself from one riding on reputation. You don't need fancy vocabulary to do this right. "Tastes good" and "tastes like dessert" are legitimate tasting notes. The judges who ranked a $75 bottle above a $1,880 one weren't swayed by the label, because in a blind tasting there wasn't one — just attention, paid carefully.

The Perfect Pour app — available now. Log a blind pour of your own in your Rickhouse — no label, no price tag visible — and let your Pour Print tell you what you actually taste versus what you think you're supposed to taste. Build your Rickhouse →
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TODAY'S ENTRY BOTTLE
Early Times Bottled-in-Bond
$16 Widely stocked at grocery stores, big-box retailers, and liquor stores nationwide — one of the most common bottles on any shelf.
Flavor Profile — Corn-forward sweetness with light caramel and a touch of grain, finishing clean without the deeper oak of pricier bottled-in-bond releases.
Production Context — Distilled by Sazerac's Louisville operation under the federal Bottled-in-Bond rules — aged at least four years in a single distilling season, bottled at exactly 100 proof, with no blending tricks allowed.
Why This Matters — This exact bottle sat in the same blind lineup that crowned Ampersand Aureus this week — a real chance to taste, for $16, what a Master-medal-winning field actually includes at the floor of the price range.
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THE CHASE
How to read the chase ratings
YESworth chasing
WATCHhold for now
PASSskip this one
Bottle 1 — Under $80
New Riff Sherry Finish Malted Rye
Window: On sale Friday, August 28, 2026, 11:00 a.m. ET
Where: New Riff Distilling gift shop, Newport, Kentucky, plus online and select national retailers
MSRP: $69.99
Flavor Profile — A six-year, 100% malted rye base finished in Oloroso and Pedro Ximénez sherry casks — expect dried fruit and nut character layered over rye spice.
YES
Rationale — A confirmed drop date, a published proof and cask spec, and a real track record — this exact bottling won a double gold medal and was a "Best in Class" finalist at the 2025 San Francisco World Spirits Competition before it disappeared from rotation.
Bottle 2 — $80 to $200
Commonwealth Causes Ultimate Bourbon Collection Raffle
Window: Open now, closes August 27, 2026, 8:00 p.m. ET drawing
Where: Online entry, benefiting Commonwealth Causes and the Lexington Sporting Club Foundation
MSRP: $100 per ticket, capped at 1,500 tickets
Flavor Profile — Profile unconfirmed — the top prize is a Pappy Van Winkle six-bottle set.
YES
Rationale — Five prize tiers including a Double Eagle Very Rare bottle and an eight-bottle Blanton's Letter Set, with only 222 of 1,500 tickets sold so far — real odds, and the window closes tomorrow.
Bottle 3 — $200 and up
No new $200-plus release this window. The strongest high-end story is an auction result, not a bottle you can chase — we'd rather say the top tier is quiet than force a fit.
Today's AWIB Hunt section covers 5 active drops, lotteries, and walk-up windows with full palate direction, rationale, and the Hunt Intelligence Note. See the full Hunt in The Brief →
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THE BAR TALK
Does a Record Auction Sale Mean the Bourbon Market Is Turning Around?

A 23-year-old Willett bourbon just sold for a record price at auction, and the internet immediately split into two camps. One side reads it as proof the multi-year secondary market slump is finally reversing. The other side says a single ultra-rare, name-attached bottle tells you nothing about the bourbon most people actually shop for — the mid-tier allocated stuff that's still selling well below its 2022 highs.

The Math —

Unicorn Auctions recorded a $39,200 hammer price for Willett Family Estate 23 Year "Bigfoote" — a world record for the bottling, named for former Stitzel-Weller and Bernheim master distiller Edwin Foote. The same auction saw an 18-year Willett "Soppressata" sell for $28,900, and a LeNell's Red Hook Rye 23 Year sell for $32,600 in its first sale since January.

What It Means For The Rest Of Us —

Record prices at the ultra-rare top don't mean your everyday allocated bottle just got more valuable — watch the mid-tier, not the auction spikes.

Today's AWIB Bar Talk has 2 more debates with full source citations, fact-checked positions, and editorial assessment. Read the full debates in The Brief →
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SECONDARY SPOTLIGHT
Willett Family Estate 23 Year "Bigfoote"
Realized Price
$39,200
Peak Price
$39,200
Floor Erosion
N/A — no erosion to calculate; this is an appreciation story, the opposite of the floor-erosion pattern seen on most mid-tier allocated bottles right now
What Floor Erosion Means —

Floor erosion usually measures how far a bottle's price has fallen from its all-time high. This bottle did the reverse — it just set a new all-time high. That distinction matters because it shows the secondary market isn't moving as one block right now. While plenty of allocated bottles are still worth less than they were in 2022, genuinely rare single-barrel selections with a real story behind them — this one is named for a legendary Stitzel-Weller and Bernheim master distiller — are holding, and in this case climbing.

The lesson: When a bottle's value depends on provenance and true scarcity rather than hype, it can move opposite the broader market — which is exactly what happened here.
Today's AWIB Secondary section grades 2 more bottles with realized prices, floor erosion math, lineage notes, and buy/hold/sell calls. Read the full secondary report in The Brief →
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ALSO IN TODAY'S AWIB
Today's Flight: Ampersand Aureus vs. George T. Stagg 2025 — full comparison and verdict in the AWIB.
Today's AWIB Opening Pour also covers Willett Family Estate 23 Year "Bigfoote" setting an auction world record, and B.R. Distilling's cask-strength bourbon finished in wild-cherry wood sourced from France's Jura region.
Today's AWIB Rickhouse Report covers Sazerac's $20 million closing on the failed Garrard County Distilling plant — a fourth Kentucky production site picked up for $8 million under appraisal.
Today's Full AWIB Includes (in reading order)
Bar Talk: 3 debates · The Hunt: 5 active drops · Label Room: 5 items · The Secondary: 3 graded bottles
Rickhouse Report: 5 stories · Regional Report: 3 stories
The full AWIB walks today's bourbon world in reader-forward order — the Opening Pour lead stories, the community Bar Talk, the side-by-side Flight comparison, every active Hunt window, the full Label Room pipeline, the Secondary market grading, and the industry-depth Rickhouse, Regional, and Research Notes coverage. Plus full source trail. Read the full Brief →
Back to top story
The Perfect Pour — available now.
Build your Rickhouse, log every pour in your Logbook, and learn your palate with your Pour Print — the app that turns every pour into your next discovery.
Founder’s rate: lock $99/year for life as a Bourbon Keeper (through July 3, 2027).

Want the full picture? The complete American Whiskey Industry Brief — every section, every source, every story — is published free every morning at chasingtheunicornpodcast.com. Read it at chasingtheunicornpodcast.com/the-brief/.

Read the Full Brief

Chasing a specific bottle? The Bourbon Release Calendar lists every lottery deadline, walk-up window and MSRP we're tracking — updated every morning.

Mentioned in this episode: Buffalo Trace, Eagle Rare, Weller, George T. Stagg, Pappy Van Winkle, Blanton's, New Riff, Sazerac, BTAC

About John Schuster II

John Schuster II is the host of Chasing the Unicorn Podcast and the editor and publisher of the American Whiskey Industry Brief. A retired U.S. Army Major who spent twenty-six years across the Navy and Army — and an Executive Bourbon Steward — he built a career on systems and on teaching, and now points both at American whiskey. The Cut is his daily take on what moved in bourbon and why it matters, made the way he makes everything: for someone, not everyone. More at momentfirst.com.

About Shauna Hann

Shauna Hann is the editor and a contributor across Chasing the Unicorn Podcast and the American Whiskey Industry Brief, and co-host of Beyond the Cut. A teacher of more than twenty years — including at West Point and across the U.S. Army — she brings historical depth and structural rigor to the work, and a gift for making complex things simple. More of her work is at shaunaonthego.com.