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A $15 Gap Her Staff Couldn’t Guess — The Cut — S02E82

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In this episode

Tonight, Louisville’s The Rickhouse Room runs the sixth annual edition of a blind wheated-bourbon showdown that’s quietly become one of the better real-world data sets in the category. Owner Sara Beth Hoagland pours Maker’s

Mentioned in this episode: Buffalo Trace, Eagle Rare, Weller, Wild Turkey, Larceny, Maker’s Mark

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Feature: The Flight + Bar Talk Word count: 937

This is The Cut. American whiskey, daily.

Her staff couldn’t out-guess a fifteen-dollar gap. Tonight, a Louisville bar runs its sixth annual blind wheated-bourbon showdown — Maker’s Mark, Larceny, and Weller Special Reserve, labels hidden — and a staff trial run last week nearly split the room.

I’m John from Chasing the Unicorn Podcast. Here’s what moved today. July 17, 2026.

Today’s Big Move is happening live, tonight, in Louisville. Sara Beth Hoagland has run blind tastings at her three bars for six years, but this is the lineup her own staff can’t stop arguing about. The Rickhouse Room pours Maker’s Mark, Larceny, and Weller Special Reserve blind tonight — labels stay hidden until the very last pour. She’s run this format quarterly since 2020, and she says a staff trial last week produced something new: a near-even split between Larceny and Weller. That’s a surprise, because Weller carries the bigger reputation and the bigger secondary premium. All three bottles share a wheated mash bill and sit within about fifteen dollars of each other at retail — that’s the whole design. Strip away the name, strip away the price anxiety, see what’s actually in the glass. This isn’t one night’s opinion, either. Hoagland’s compiled roughly twenty-four of these events since 2020 — something close to a thousand scored pours feeding one running database. That’s a real sample questioning whether secondary reputation and blind preference are actually the same thing. Nothing on your shelf changes tonight. But the test does — three bottles, about seventy-five dollars total, poured blind for a friend this weekend.

Now, today’s Flight. Because the same question — does the price tag match what’s in the glass — is playing out in a second comparison this week, and it comes with real numbers behind it.

Fred Minnick just ran Buffalo Trace against Eagle Rare 10 Year through a blind panel of five tasters, but he scored it differently than usual — nose, palate, and finish, graded separately instead of one combined number. Both bourbons come off the same Buffalo Trace line, same wheated-leaning mash bill. The only real variable is six extra years in the barrel and about ten to fifteen extra dollars at the register. The panel came back almost tied on nose. Almost tied on palate. The gap showed up in one place — finish. Eagle Rare pulled ahead there by a wide margin. Minnick’s read: the age statement is buying you a longer goodbye, not a different bourbon. That’s a useful way to shop. If you drink slow and you chase a long finish, pay the premium. If you’re pouring it into a cocktail or drinking it fast on a weeknight, save the ten dollars — you’re not getting a meaningfully different bourbon for it, just a shorter one. It’s the same question the Rickhouse Room is asking tonight with wheated bourbons under fifteen dollars apart: how much of what you’re paying for is actually in the glass, and how much is the name on the label. Run both tests yourself before your next bottle. It’s the cheapest real research in bourbon.

Now — today’s First Sip. Because both of tonight’s comparisons hinge on the same thing: the mash bill.

So here’s what it is. The mash bill is the grain recipe behind a bourbon — corn, rye or wheat, and a little malted barley — and it’s the single biggest factor in how a bourbon tastes, bigger than age, bigger than proof. Traditional bourbons, like Buffalo Trace and Eagle Rare, run around seventy percent corn and eighteen to twenty percent rye — balanced, all-purpose. High-rye bourbons push that rye up past twenty-five percent, trading balance for black pepper and a sharper finish — Wild Turkey lives here. Wheated bourbons drop rye entirely and swap in wheat — softer, more bread and caramel, less spice. Maker’s Mark, Larceny, and Weller all live in that family, which is exactly why tonight’s Louisville showdown works — same family, different execution. What this changes — once you know the mash bill, you can predict roughly what a bottle will taste like before you ever pour it. If you’re logging pours in the Perfect Pour app, tonight’s a good one to track — a wheated lineup shapes your Pour Print differently than a high-rye night would, and it’s available now at theperfectpourapp.com.

One to grab this week, while we’re on the subject. Larceny Barrel Proof, batch B926, just restocked nationally at retail — sixty-nine ninety-nine, no allocation, no lottery, just find a store that has it. It’s the direct subject of a running community comparison against last year’s A926, and the difference shows up fast — caramel apple and toasted almond, with a slightly hotter finish than the prior batch from a modest proof bump. It’s also the wheated bottle sitting quietly next to tonight’s blind lineup, one price tier down from Weller. Grab it this weekend, run it against Weller Special Reserve yourself, and see if your palate lands where Hoagland’s staff did — split right down the middle.

So here’s the one thing to take from all of this. Six years of blind data in one bar, and a five-taster panel comparing two bottles off the same still, are both saying the same quiet thing — price and reputation don’t move in lockstep with what’s actually in the glass. That gap is where the good, cheap bottle lives. Go find it yourself before you trust the label again.

That’s The Cut. The full American Whiskey Industry Brief is waiting at patreon.com/ChasingTheUnicornPodcast. I’m John Schuster. Thanks for joining me. Your unicorn is out there.


The Written Briefing

The Cut Daily

Tonight, Louisville’s The Rickhouse Room runs the sixth annual edition of a blind wheated-bourbon showdown that’s quietly become one of the better real-world data sets in the category. Owner Sara Beth Hoagland pours Maker’s Mark, Larceny, and Weller Special Reserve blind — all three within $15 of each other at retail — and says a staff trial run last week nearly split the room between Larceny and Weller, a genuine surprise given Weller’s stronger secondary reputation. It’s not an isolated result: Hoagland’s run this format quarterly since 2020, compiling roughly a thousand scored pours into one running database. The same question — does price track what’s actually in the glass — shows up again in critic Fred Minnick’s new Buffalo Trace-vs-Eagle Rare panel, which found the real gap sits in the finish, not the nose. Listen to the full Cut for the breakdown, and run the $75 test yourself this weekend.

Listen to today’s episode and find us on Spotify and everywhere you listen at chasingtheunicornpodcast.com/podcast — next episode Monday morning.

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: July 17, 2026
Reporting Period: July 15, 2026 through July 17, 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 · July 17, 2026 · Chasing the Unicorn Podcast · A Drunken Unicorn Production.” The full AWIB is a paid subscriber edition on Patreon. 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 daily for subscribers on Patreon. If you want the full pour, not just the taste, join us at patreon.com/ChasingTheUnicornPodcast.
The Cut Daily is the free written companion to today’s American Whiskey Industry Brief.
IN TODAY’S CUT

Her staff couldn’t out-guess a $15 gap. Tonight, a Louisville bar runs its sixth annual blind wheated-bourbon showdown — Maker’s Mark, Larceny, and Weller Special Reserve, labels hidden — and a staff trial run last week nearly split the room.

The biggest story this week isn’t a new release — it’s a live experiment happening tonight in Louisville, where a bar owner’s six years of blind-tasting data are contradicting what secondary-market prices say about which wheated bourbon is actually better. It matters because it hands you a $75, three-bottle test you can run at your own kitchen table. Today’s edition also covers a judged cocktail final testing high-rye against wheated bourbon, a fresh side-by-side on Buffalo Trace versus Eagle Rare, and a Larceny Barrel Proof restock worth grabbing this weekend.

THE BIG MOVE
A Louisville Bar’s Six-Year Blind Dataset Says Larceny Might Actually Compete With Weller — And Tonight’s Crowd Gets to Weigh In
Event Date: 2026-07-17

Sara Beth Hoagland has run blind tastings at her Louisville bars for six years. Tonight’s lineup is the one her own staff can’t stop arguing about. The Rickhouse Room opens its doors tonight for a blind flight of Maker’s Mark, Larceny, and Weller Special Reserve — labels hidden until the final pour. Hoagland’s run this format quarterly since 2020, but she says a staff trial run last week produced something new: a nearly even split between Larceny and Weller. That’s a surprise. Weller carries a stronger secondary-market reputation and higher collector interest than Larceny does. All three bottles share a wheated mash bill and sit within about $15 of each other at retail — that’s the whole point of the exercise. Strip away the brand name and the price anxiety, and see what’s actually in the glass. Tonight’s event caps at 40 seated guests, and the waitlist is already running. Guests score each pour blind on a simple 1-10 card before the labels come off. Hoagland compiles the results into a running database that now spans roughly 24 quarterly events — close to a thousand scored pours. That’s not one night’s opinion. That’s a real sample size questioning whether secondary-market reputation and blind-palate preference are actually the same thing.

What It Means For Your Shelf — Nothing changes on your shelf tonight. But the $75 test — Maker’s Mark, Larceny, Weller Special Reserve, poured blind for a friend — is one you can run this weekend.
From today’s AWIB Opening Pour. This is one of four lead stories in today’s AWIB Opening Pour. The other three: a judged Old Fashioned final pitting high-rye against wheated bourbon; Fred Minnick’s new Buffalo Trace-vs-Eagle Rare blind panel; a Lexington festival rebuilding its format around head-to-head comparison stations. Read all four lead stories on Patreon →
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FIRST SIP
Wheated vs. High-Rye vs. Traditional Mash Bills — How to Taste the Difference
Paired with today’s: Tonight’s Louisville blind wheated showdown and the Buffalo Trace-vs-Eagle Rare panel both hinge on mash bill family

The mash bill — the grain recipe behind a bourbon — is the single biggest factor in how it tastes, bigger than age or proof. Traditional bourbons run around 70% corn, 18-20% rye, and a little malted barley: balanced, all-purpose, the Buffalo Trace and Eagle Rare style. High-rye bourbons push rye up to 25-35%, trading balance for black pepper, cinnamon, and a sharper finish — think Bulleit or Wild Turkey. Wheated bourbons swap rye out entirely for wheat, dropping the spice for bread, almond, and soft caramel — Maker’s Mark, Larceny, and Weller all live here. Tonight’s Louisville showdown puts three wheated bottles against each other to see if price and reputation actually track flavor within one family. You can run a similar test at home for under $90: one traditional, one high-rye, one wheated, poured blind for a friend.

The Perfect Pour app — available now. Log tonight’s pour in your Logbook if you taste along at home, and watch how a wheated lineup shapes your Pour Print differently than a high-rye night would. Build your Rickhouse →
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TODAY’S ENTRY BOTTLE
Weller Special Reserve
$27.99 Widely stocked at retail nationally — no allocation, no lottery.
Flavor Profile — Soft caramel and vanilla up front, with a rounded, easy-drinking finish from its wheated mash bill — one of the three bottles in tonight’s blind Louisville showdown.
Production Context — Bottled at 90 proof, wheated mash bill sourced from Buffalo Trace, with no age statement disclosed. Its budget price and Buffalo Trace lineage make it a common entry point into the wheated-bourbon family.
Why This Matters — This is one of the three bottles going head-to-head blind tonight — pick one up and run your own version of the test before you read tomorrow’s results.
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THE CHASE
How to read the chase ratings
YESworth chasing
WATCHhold for now
PASSskip this one
Bottle 1 — Under $80
Larceny Barrel Proof B926
Window: Restocking now through August 2026
Where: National retail, wide distribution
MSRP: $69.99
Flavor Profile — Caramel apple and toasted almond, with a slightly hotter finish than the prior A926 batch from a modest proof bump.
YES
Rationale — Heaven Hill confirmed a national restock this week, and this batch is the direct subject of an ongoing community comparison against A926 — worth grabbing to taste the difference yourself.
Bottle 2 — $80 to $200
The only Hunt item that would normally fill this tier — the William Larue Weller Ohio lottery — has run in the Chase on 2 of the last 5 days, so it’s excluded today rather than repeated. No other confirmed $80-$200 access window landed this window.
Bottle 3 — $200 and up
Buffalo Trace O.F.C. Vintage 1994 — Frankfort Gift Shop Walk-Up
Window: July 17–19, 2026, daily 9am–4pm
Where: Buffalo Trace Distillery Gift Shop, Frankfort, KY
MSRP: $299.99
Flavor Profile — Dried fig, leather, and a long cedar-driven finish typical of Buffalo Trace’s oldest single-barrel releases.
YES
Rationale — A limited walk-up allotment, one bottle per customer, no reservation needed — against a secondary floor of $1,800-$2,400 for recent O.F.C. Vintage releases.
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 on Patreon →
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THE BAR TALK
Does Six Years of Blind Data From One Louisville Bar Actually Prove Larceny Competes With Weller — or Is 40 Guests Too Small a Sample?

One camp treats Sara Beth Hoagland’s six-year running dataset as the closest thing the wheated-bourbon debate has to real evidence — quarterly trials, hundreds of guests, more weight than any single critic’s palate. The other camp points out that 40 self-selected bar patrons scoring on a simple 1-10 card aren’t trained tasters, and results could reflect pour order or serving temperature as much as the whiskey itself.

The Math —

Hoagland’s staff trial last week produced a nearly even split between Larceny and Weller Special Reserve — a result she said contradicted her own expectations given Weller’s stronger secondary reputation. All three bottles in tonight’s lineup share a wheated mash bill and sit within about $15 of each other at retail.

What It Means For The Rest Of Us —

Six years of data beats one night’s argument. Trust the running dataset over the single scored evening — or your own single pour.

Today’s AWIB Bar Talk has 2 more debates with full source citations, fact-checked positions, and editorial assessment. Read the full debates on Patreon →
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SECONDARY SPOTLIGHT
Elijah Craig Barrel Proof Batch B520
Realized Price
$95
Peak Price
$210
Floor Erosion
↓ 54.8%
($210 − $95) ÷ $210 × 100 = 54.8% erosion
What Floor Erosion Means —

Floor erosion measures how far a bottle’s resale price has fallen from its all-time high. A 54.8% erosion means this batch is now trading for roughly 45 cents on every dollar of its 2021 peak. Elijah Craig Barrel Proof used to trade like a scarce, hunted bottle — now Heaven Hill’s steady twice-a-year release cadence keeps enough supply flowing that even a well-reviewed older batch has settled toward retail-adjacent pricing.

The lesson: Once-hyped barrel-proof batches are a reminder that steady release cadence eventually normalizes secondary pricing, no matter how good the reviews were at launch.
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 on Patreon →
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ALSO IN TODAY’S AWIB
Today’s Flight: Buffalo Trace vs. Eagle Rare 10 Year — full comparison and verdict in the AWIB.
Today’s AWIB Opening Pour also covers the judged Old Fashioned Throwdown final between a high-rye and a wheated cocktail, and a Lexington festival rebuilding its entire format around 12 head-to-head comparison stations — both live tonight and this weekend.
Today’s AWIB Rickhouse Report covers MGP Ingredients’ third straight quarter of contract distillate order contraction — a supply-side signal affecting pricing leverage for dozens of sourced-whiskey brands — full detail in the AWIB.
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. Join on Patreon →
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).
The Cut Daily
Report Date: July 17, 2026 · Chasing the Unicorn Podcast · A Drunken Unicorn Production
Free Edition · No Redistribution Without Permission

chasingtheunicornpodcast.com  |  Patreon: Full AWIB

© 2026 Drunken Unicorn Productions · All Rights Reserved

Want the full picture? The complete American Whiskey Industry Brief — every section, every source, every story — is published daily for subscribers on Patreon. Join us at patreon.com/ChasingTheUnicornPodcast.

Read the Full AWIB

About John Schuster

John Schuster 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.

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