Chasing The Unicorn

Your Quest For the Perfect Pour

September 10, 2026S02E137CHASING THE UNICORN

Should the Best Bourbon Only Go to People Who Show Up?

← All episodes

September 10, 2026

Should the Best Bourbon Only Go to People Who Show Up?

Read the full brief →Watch on YouTubeAll episodes

Or subscribe where you already listen

New episode every weekday morning. The Cut Weekend lands Saturday and Sunday.

Read the full transcript

Should the bottles you most want this week only be real if you can physically get yourself to Bardstown to claim them?

I'm John from Chasing the Unicorn Podcast. These came out of the brief this morning, and I've kept the three I wanted to talk about.

Should the bottles you most want this week only be real if you can physically get yourself to Bardstown to claim them? The Kentucky Bourbon Festival opened its thirty-fifth year this week in Bardstown, and one of the smallest things debuting there is also one of the most interesting — a collaboration called Found Footage, built by Louisville's Pursuit Spirits and a craft blender named Shortbarrel, pairing a maple-finished bourbon with a double-oaked rye, and it only exists at their festival booth before it ever shows up anywhere in Louisville. One camp says that's exactly how a hunt is supposed to work — you show up, you stand in line, you earn the bottle with your own time, the way this used to happen before allocation lists and lotteries started doing the sorting for everybody. The other camp says all you've done is swap one gate for another — instead of winning a lottery, now you need four days off and a hotel room in Bardstown, and calling that a hunt just moves who gets left out from the mail to the parking lot.

The bourbon I'd put my confidence in here is the collaboration itself, because a two-person craft blend that only shows up at one festival booth is the closest thing to the old version of this hobby that either camp is describing — the version where getting the bottle and getting there were the same act. So presence still beats a list, as far as I'm concerned, but only when the people running the release actually mean it as a one-time thing and not as a marketing trick they'll quietly repeat online in a month. And again, that's just my read — plenty of you will rightly point out that a hotel room and four days off is its own kind of gatekeeping, and you'd have a case.

Now, I could be wrong, and I'll make the case against myself. Two of the three big debuts this weekend — a tenth-anniversary bourbon and a one-time tribute blend — are going to reach a wider release within days of the festival ending, so the case that being there matters most only really holds for the smallest bottle of the three, and if you can't get to Bardstown at all, none of this argument gets you a bottle.

Should the bottles you most want this week only be real if you can physically get yourself to Bardstown to claim them? Tell me which one of those three you'd get in the car for, in the comments.

Between a nine-grain heirloom corn bourbon aged through a wine-style solera process and a one-time blend built from three of Brown-Forman's best-known bourbons, which one would you put your money on this weekend? Jeptha Creed is marking ten years as a distillery with a bourbon built from nine heirloom corn varieties — Bloody Butcher and Jimmy Red among them — run through a solera system, the same slow layering method sherry houses use, where older barrels keep feeding younger ones instead of every batch starting clean. That's money spent on an actual production risk, a mash bill and an aging method almost nobody else in Kentucky is running. Kentucky Boy is the other bet — two working master distillers blending pieces of Woodford Reserve Double Oaked, Old Forester Birthday Bourbon and King of Kentucky into a single bottle at a drinkable proof, built to mark fifty years for Chris Morris and never poured again after this run. That's money spent on pedigree and blending skill, not on new grain at all.

I'd take the Jeptha Creed bottle over Kentucky Boy, because a nine-corn solera process is a real bet on process and grain that either pays off or it doesn't, and a tribute blend, however well built, is still a greatest-hits record of three bourbons a lot of us already know. Which tells you I'd rather pay for the grain and the method than for somebody else's back catalog, and you may be built the other way entirely, especially if you already love the three bourbons Kentucky Boy is drawing from — and that's a perfectly good reason to go the other way, this weekend is just where we find out.

Between a nine-grain heirloom corn bourbon aged through a wine-style solera process and a one-time blend built from three of Brown-Forman's best-known bourbons, which one would you put your money on this weekend? Which one you'd bring home — say so in the comments.

Ever wonder what those strings of letters on a Four Roses bottle — OBSK, OESK, OESV — are actually telling you? Four Roses builds every bourbon it makes from two mash bills and five proprietary yeast strains, and every combination of one mash bill with one yeast strain gets its own four-letter code and its own flavor signature — one yeast leans spicy, one leans fruity, one leans floral, and so on. The barrel the distillery is selling right now to mark ten years of cleaning the Salt River near its own back door is coded OESQ — the lower-rye of the two mash bills, paired with the yeast the distillery's own notes tie to a floral character — and that code tells you roughly what's in the glass before you've opened the bottle, at a level of access low enough that you don't need a lottery or an allocation list at all, you just need to be standing at the visitor center.

Here's where it stops being true, though. The four letters tell you the recipe, not the age or where in the rickhouse the barrel actually sat, so two bottles can carry the exact same code and still taste nothing alike depending on how long they aged and what floor they aged on. The category likes to act like a recipe code is basically a promise of what you'll find in the glass, and it isn't — it's a starting point, the same way a recipe in a kitchen is a starting point and not a guarantee of what comes out of the oven, and that's the same shape as the mash bill conversation we talked about earlier this week, where the grain alone never decided the whole flavor either.

Ever wonder what those strings of letters on a Four Roses bottle — OBSK, OESK, OESV — are actually telling you? If you've ever had two bottles with the same four letters that tasted nothing alike, tell me about it in the comments.

There's also a small nonprofit in Henderson, Kentucky that sold out a bourbon raffle at twenty thousand tickets before the drawing even happened, and I didn't have room for it in these three segments. That's what the full brief is for — it's where you go to check everything I just told you against the source, not just take my word for it.

That's The Cut. Follow the show wherever you listen, so the next one finds you first. 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.

Bardstown's Kentucky Bourbon Festival opened its 35th year today, and the weekend's most interesting release isn't the biggest one — it's the smallest. "Found Footage," a collaboration between Louisville's Pursuit Spirits and craft blender Shortbarrel, only exists at their festival booth before it shows up anywhere else. That's the test case for today's Cut: should a bottle only count as real if you can physically show up and claim it? John argues both sides — the case for presence over allocation lists, and the case that a hotel room and four days off is just a different kind of gate. He also weighs Jeptha Creed's nine-grain solera bourbon against Brown-Forman's Kentucky Boy tribute blend, and unpacks what Four Roses' recipe codes actually promise. Listen to the full Cut for all three arguments.

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: September 10, 2026
Reporting Period: September 8, 2026 through September 10, 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 · September 10, 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

An anonymous whiskey giant just introduced itself. MGP Ingredients has quietly distilled the whiskey behind dozens of brands for decades. This week it put its own name on a bottle for the first time — a 10-year bourbon, $69.99, no middleman brand attached.

The biggest move this window is Bardstown's Kentucky Bourbon Festival, which opened today for its 35th year and is already absorbing most of the week's new releases. It matters because three genuinely limited bottles — a tribute blend, a 10th-anniversary bourbon, and a craft collaboration — are only available on-site before they reach any store shelf. Today's edition also covers a nationwide Bottled-in-Bond rye with no lottery attached, a contract distiller's first-ever consumer brand, and Four Roses' oldest blend yet.

THE BIG MOVE
An 8-Year Rye Just Went Nationwide With No Lottery Attached
Event Date: 2026-09-01

Sagamore Spirit just rolled out its first Bottled-in-Bond rye, and you don't need luck to get a bottle. This is an eight-year-old rye, distilled, aged, and bottled entirely at Sagamore's own Baltimore distillery — no sourcing from another state, no blending shortcuts. It meets every requirement of the 1897 Bottled-in-Bond Act: one distillery, one distilling season, at least four years aged, bottled at exactly 100 proof. That's a legal guarantee of provenance and strength, not a marketing claim. The whiskey blends two of Sagamore's own mash bills — one high-rye, one low-rye — distilled back in spring 2018. High-rye brings the spice. Low-rye smooths it out. Together they're built to balance sharpness against an easier finish. It's priced at $59.99 and has been rolling out nationwide since September 1 at select retailers, plus the Baltimore distillery itself. No allocation list. No entry window. Walk in, and if your store carries it, it's yours. What makes this a bigger deal than the price tag suggests is what it isn't: a sourced whiskey wearing a craft label. Sagamore controls the whole chain, mash to bottle, in one building. That's still rare in a rye category leaning heavily on contract distillers.

What It Means For Your Shelf — A federally verified, single-distillery rye just became a walk-in purchase — no lottery required, no waiting list to join.
From today's AWIB Opening Pour. This is one of four lead stories in today's AWIB Opening Pour. The other three: Kentucky Bourbon Festival's sold-out 35th anniversary weekend; MGP Ingredients' first consumer-facing bottle; Four Roses' October 10 date for its oldest-ever Limited Edition blend. Read all four lead stories in The Brief →
Back to top story
FIRST SIP
Bottled-in-Bond
Paired with today's: Sagamore's nationwide Bottled-in-Bond rye rollout (today's Big Move)

In 1897, whiskey fraud was a real public-health problem — some producers were cutting real bourbon with industrial alcohol and prune extract for color. Congress responded with the Bottled-in-Bond Act, America's first consumer protection law. To use the term, a whiskey has to follow four rules: one distillery, one distilling season, aged at least four years in a federally bonded warehouse, and bottled at exactly 100 proof. No exceptions, no marketing spin — just a guarantee of provenance, age, and strength baked into federal law. Sagamore's new rye checks every one of those boxes, and so do a growing number of craft and regional producers using the designation to signal transparency in a category full of sourced whiskey. That's exactly why Bottled-in-Bond bottles are so often the best value on a shelf — you're getting a legal guarantee most competing labels never make, frequently at a lower price than bottles leaning on bigger marketing claims. What this changes: Next time you're deciding between two similarly priced bottles, check for "Bottled-in-Bond" on the label — it's one of the few claims the government actually verifies.

The Perfect Pour app — available now. Log a Bottled-in-Bond pour in your Logbook and start building a Pour Print around the 100-proof standard. Build your Rickhouse →
Back to top story
TODAY'S ENTRY BOTTLE
Rittenhouse Bottled in Bond Rye
$24.99 Widely stocked at grocery stores, liquor stores, and most bar backs nationwide.
Flavor Profile — Classic rye spice — black pepper and cinnamon up front, backed by a sturdy, slightly sweet corn base. Built as much for a Manhattan as for sipping.
Production Context — A traditional straight rye mash bill, aged and bottled to full Bottled-in-Bond spec at exactly 100 proof, with no blending from outside the single distilling season.
Why This Matters — It's the standard-bearer today's AWIB Flight measures Sagamore's new rye against — tasting them side by side shows what "Bottled-in-Bond" actually guarantees, and how two ryes meeting the same legal bar can still taste completely different.
Back to top story
THE CHASE
How to read the chase ratings
YESworth chasing
WATCHhold for now
PASSskip this one
Bottle 1 — Under $80
Jeptha Creed Solera Aged Bourbon (10th Anniversary)
Window: Debuts at Kentucky Bourbon Festival September 10-13; on sale at the distillery visitor center and online starting September 17
Where: Kentucky Bourbon Festival, Bardstown, KY; Jeptha Creed Distillery, Shelbyville, KY
MSRP: $79.99
Flavor Profile — A nine-heirloom-corn mash bill run through a solera aging process, expected to lean toward dried fruit and toffee rather than straightforward corn sweetness.
YES
Rationale — An unusual production method for a 10th-anniversary release, in a 750ml-only run — a real reason to make the trip rather than wait on a restock.
Bottle 2 — $80 to $200
Kentucky Boy (Brown-Forman)
Window: Debuts today, September 10, at Kentucky Bourbon Festival; wider retail September 11
Where: Kentucky Bourbon Festival, Spalding Hall, Bardstown, KY; select Kentucky retailers thereafter
MSRP: $99.99
Flavor Profile — A layered blend of Woodford Reserve Double Oaked's caramel, Old Forester Birthday Bourbon's fruit, and King of Kentucky's barrel-proof intensity, brought down to a drinkable 100 proof.
YES
Rationale — Today is the actual debut day — this one-time tribute blend goes on sale for the first time this weekend, and once it's gone, it isn't coming back.
Bottle 3 — $200 and up
Four Roses 2026 Limited Edition Small Batch (19th Edition)
Window: Confirmed release date October 10, 2026
Where: Select retailers nationwide; Four Roses Distillery Visitor Center, Lawrenceburg, KY
MSRP: $249
Flavor Profile — A blend of 14-year-old OBSK, 14-year-old OESK, 15-year-old OESV, and a 23-year-old OESK — the oldest component the series has ever used — bottled at 109.2 proof, non-chill filtered.
WATCH
Rationale — The October 10 date just got confirmed this window, and a 23-year-old component is unusually old for this series — worth getting on a retailer's list now, since 16,800 bottles nationwide won't stretch far.
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 →
Back to top story
THE BAR TALK
Does a Company That Built Its Business on Anonymity Deserve Trust When It Finally Sells Under Its Own Name?

MGP Ingredients has distilled whiskey for hundreds of other brands for decades without most drinkers ever knowing it. This week, the company put its own name on a bottle for the first time. Some see that as overdue honesty from the source everyone's been drinking anyway. Others wonder whether a company built to sell bulk spirit actually knows how to sell a finished bottle.

First Sip Moment —

The term for MGP's old business model is "sourced whiskey" — a brand buys finished or aging whiskey from a contract distillery like MGP and bottles it under its own label, often without disclosing the source. It's why dozens of bottles you've probably had — Smooth Ambler, High West, Bulleit Rye among them — trace back to the same Lawrenceburg, Indiana facility.

The Math —

MGP Chapter One: Out of the Shadows is a 10-year-old, 111-proof straight bourbon from the LBSV mash bill (60% corn, 36% rye, 4% malted barley), aged in Rickhouse G and credited to master distiller Ian Stirsman. It's priced at $69.99 and ships in limited nationwide quantities this fall.

What It Means For The Rest Of Us —

A named rickhouse and a credited distiller beat most of the brands MGP has quietly supplied for years — buy it to taste the source straight.

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 →
Back to top story
SECONDARY SPOTLIGHT
Garrison Brothers Prior Limousin Single Barrel
Realized Price
$410
Peak Price
N/A — this program hasn't posted a formal peak; pricing tracks release-to-release rather than a single auction spike
Floor Erosion
N/A — the AWIB reports the prior Limousin barrels trading below $410 due to LM44's higher 135.4 proof and its one-of-eight-barrel scarcity, without a published percentage
What Floor Erosion Means —

Floor erosion usually means comparing a bottle's current resale price to its all-time high. This one's a little different — the market is instead comparing an older release against a brand-new one. Garrison Brothers just released LM44 at $410, a higher-proof, more scarce single barrel, and buyers are now pricing the distillery's earlier Limousin-finished single barrels lower simply because a newer, stronger, scarcer version exists.

The lesson: When a distillery releases a proof and scarcity upgrade in the same finishing program, the older release often loses ground immediately — not because it got worse, but because it's no longer the top of its own lineup.
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 →
Back to top story
ALSO IN TODAY'S AWIB
Today's Flight: Sagamore Bottled in Bond Straight Rye vs. Rittenhouse Bottled in Bond Rye — full comparison and verdict in the AWIB.
Today's AWIB Opening Pour also covers a sold-out $2 million bourbon raffle run by a single-county Habitat for Humanity chapter in Henderson, Kentucky, with 55 prize packages drawn tonight.
Today's AWIB Rickhouse Report covers Four Roses' 10th annual Salt River Cleanup, including the $120 commemorative OESQ single barrel where half the proceeds fund the Kentucky Waterway Alliance.
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: Four Roses, Bardstown, Old Forester, Woodford Reserve, Garrison Brothers, King of Kentucky, 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.