Chasing The Unicorn

Your Quest For the Perfect Pour

July 29, 2026S02E94CHASING THE UNICORN

Three Bourbons, One Decade, One $70 Price

← All episodes

July 29, 2026

Three Bourbons, One Decade, One $70 Price

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

This is The Cut. American whiskey, daily.

Three bourbons. One decade. One price. A Colorado distillery just shipped its first releases under new ownership — all aged ten years, all priced at $69.99. And two days before that, a distributor that moved eleven billion dollars a year filed for bankruptcy. Here's what's actually moving on your shelf this week.

I'm John from Chasing the Unicorn Podcast. Here's what moved today. July 29, 2026.

Today's Big Move is one most drinkers will never notice happening, and that's exactly why it matters. Republic National Distributing Company — RNDC — filed for Chapter 11 on Sunday. If that name means nothing to you, that's the point. Distributors are the middle step nobody sees. A distillery can't sell you a bottle directly. By law, it has to go through a distributor first, and the distributor decides which stores get which bottles. RNDC used to move over eleven billion dollars a year. Now it's liquidating what's left, after a year of quietly selling off its own territory piece by piece.

Here's why it moved fast. Within forty-eight hours, Palm Bay International had already signed replacement deals across twenty-six states — Southern Glazer's picking up fifteen of them, Reyes Beverage Group taking eleven more. That whole handoff completes by August first. Four days, start to finish, for a business this size. That tells me the paperwork was mostly done before the bankruptcy even became public.

What this means for you: if a bottle you buy regularly vanishes from your usual shelf in the next couple of weeks, don't assume it's discontinued. Ask your store who their new distributor is. Nine times out of ten, that's the answer.

Now — today's Chase. This is the one worth actually acting on, because it isn't just a headline, it's a window you can walk into.

Garrison Brothers, out of Hye, Texas, just opened its first-ever pre-sale for Hye Rye Bourbon — and it's the kind of drop that separates the patient from the impulsive. The window's open now through August tenth. Ninety-nine ninety-nine a bottle, four-bottle limit, straight through their own online portal. Here's the catch, and it's a real one: you don't pick this bottle up at the store. You pick it up in person, at the distillery in Hye, Texas — in October of 2028.

That's not a marketing gimmick. That's Garrison Brothers telling you, plainly, that the whiskey in this release isn't finished aging yet. This is a reservation on a barrel, not a purchase of a bottle. Hye Rye first came out back in 2020, a thousand-bottle run at this same ninety-nine ninety-nine price, and it built a real following in Texas whiskey circles since. So the demand is proven. What's new is that Garrison Brothers is letting you lock in today's price for whiskey that won't be ready for over two years.

Here's the math that makes this worth the wait. You're not just buying a bottle — you're buying a hedge against two years of secondary-market inflation on a bottle that already has a cult following. If Hye Rye's last run is any indicator, waiting two years for the distillery price beats paying today's premium for the 2020 batch on the secondary market. The only real cost isn't money. It's patience, and a plan to actually get to Texas in 2028.

If you can't make that trip, this isn't for you — and that's fine. But if you're the kind of drinker who's willing to play a longer game for a fair price, this is one of the cleanest ways to do it right now.

Now for today's First Sip — a short one, because Old Elk's new lineup is a perfect, free lesson in something worth knowing before you buy your next bottle.

So here's what it is. The mash bill — the grain recipe behind a bourbon — shapes flavor more than age or proof ever will. Old Elk just released three bourbons at the same age and the same price, and each one uses a different grain recipe to prove the point. One leans on rye, which usually means pepper and cinnamon and a spicier finish. One swaps rye for wheat, which softens everything out — rounder, gentler, easier to sip without water. And one is almost entirely wheat, which is a genuinely rare label to find on any shelf.

Here's the shortcut. If you already love Maker's Mark or Weller, you're a wheated drinker, and you'll want the wheated bourbon. If you gravitate toward Bulleit or Four Roses' spicier recipes, you're a high-rye drinker, and the straight bourbon is your lane. Same distillery, same age, same price — the only variable left is the grain, which makes this about as clean a taste test as you'll find.

What this changes — next time you're standing in front of a shelf trying to decide between two bourbons you've never had, skip the reviews and check the mash bill first. It'll tell you more about whether you'll like it than any tasting note will. And if you want to track which side of that line you actually fall on, log a pour from each Old Elk release in the Perfect Pour app — it's available now, and your Pour Print will show you exactly where your palate lands.

So here's the one thing to take from today. A distributor collapsing and a distillery relaunching look like two unrelated stories, but they're both the same market working through the same hangover — too much whiskey made a few years back, now finding its real price and its real route to your shelf. Some of that shakes out as chaos, like RNDC. Some of it shakes out as opportunity, like Old Elk's ten-year trio at seventy dollars, or a Texas pre-sale worth locking in today. The shelf in front of you is never static. It's just catching up.

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.

The biggest shelf-level move this week: Old Elk just shipped its first releases under new Middle West Spirits ownership, and the headline isn't the whiskey — it's the price. Three ten-year expressions, a straight bourbon, a straight wheat whiskey, and a wheated bourbon, all landed at an identical $69.99, undercutting most comparable 10-year bourbons by $20 to $80. It's a genuine walk-in-and-buy signal in a market that's leaned hard on lotteries and pre-sales the last few years. Today's episode also breaks down a distributor bankruptcy reshuffling shelves across 26 states and a Texas pre-sale that won't deliver a bottle until 2028. Listen to the full Cut for the complete breakdown.

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: July 29, 2026
Reporting Period: July 27, 2026 through July 29, 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 29, 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

Three bourbons. One decade. One price. Old Elk just shipped its first releases under new ownership — a straight bourbon, a straight wheat whiskey, and a wheated bourbon, all aged ten years, all priced at $69.99. Here's what that number is actually telling you.

A Colorado distillery just answered a year-old question about its future, and the answer is a full decade of aging at a price most competitors can't touch. This matters because it's a real, walk-in-and-buy signal in a market that's spent the last few years dominated by lotteries and pre-sales. Today's edition also covers a distributor bankruptcy that's quietly reshuffling shelves in 26 states, a Texas rye you can reserve now but won't hold until 2028, and a lesson on how to judge whether a bargain-priced age statement is too good to be true.

THE BIG MOVE
Old Elk's First Releases Under New Ownership Are Three 10-Year Whiskeys at the Same $70
Event Date: 2026-07-28

Old Elk Distillery just answered the biggest question hanging over it since Ohio's Middle West Spirits bought the Colorado brand last year: what happens now. The answer shipped this week in the form of three whiskeys, all aged a full ten years, all priced at exactly $69.99. There's a straight bourbon, built mostly from corn with a good amount of rye in the mix — expect spice and pepper. There's a straight wheat whiskey, which is rare on any shelf, built almost entirely from wheat. And there's a wheated bourbon, corn and wheat together, which should land softer and rounder. All three are available now, nationwide, plus at the distillery's own store in Ohio and Old Elk's online shop. Here's why the price is the real story. Ten-year bourbons from bigger names routinely run $90 to $150. Old Elk is asking $20 to $80 less for the same age statement, across three different recipes at once. That's not a discount on one bottle — it's a pricing strategy for an entire relaunch. Middle West Spirits is betting that transparency about age and grain, at an aggressive price, builds a customer base faster than scarcity marketing would.

What It Means For Your Shelf — Nothing about your current bottles changes — but a genuine 10-year bourbon at $69.99 is a new baseline worth knowing about before your next purchase.
From today's AWIB Opening Pour. This is one of four lead stories in today's AWIB Opening Pour. The other three: RNDC's Collapse Forces 26-State Distribution Shuffle; Bardstown's 27-Month Pineapple Rum Finish; Garrison Brothers' First-Ever Hye Rye Pre-Sale. Read all four lead stories in The Brief →
Back to top story
FIRST SIP
Wheated vs. High-Rye vs. Traditional Mash Bills — How to Taste the Difference
Paired with today's: Old Elk's simultaneous release of a straight bourbon, straight wheat whiskey, and wheated bourbon at identical age and price

The mash bill — the grain recipe behind a bourbon — matters more to flavor than age or proof. Old Elk's new trio is a rare same-price, same-age lesson in exactly that. The straight bourbon carries 15% rye alongside corn and malted barley, which usually means black pepper, cinnamon, and a spicier finish. The wheated bourbon swaps rye for wheat, which tends to soften everything — rounder, gentler, easier to sip without water. And the straight wheat whiskey, built almost entirely from wheat with barely any corn, is a genuinely rare label on any shelf. If you love Maker's Mark, you're probably a wheated drinker. If you gravitate toward Bulleit or Four Roses' spicier recipes, you're probably a high-rye drinker. Old Elk just made it unusually easy to test which camp you're in — all three bottles, same age, same $69.99, sitting on the same shelf.

The Perfect Pour app — available now. Log a pour from each of Old Elk's three releases in your Logbook and watch your Pour Print show exactly where your palate lands on the wheated-to-rye spectrum. Build your Rickhouse →
Back to top story
TODAY'S ENTRY BOTTLE
Larceny Kentucky Straight Bourbon Whiskey (Small Batch)
$27.99 Widely stocked at nearly every liquor store and grocery chain that carries spirits, no allocation or limit.
Flavor Profile — Soft caramel and vanilla up front with a light, wheat-driven sweetness and a gentle, easy finish — built for sipping without needing water.
Production Context — A wheated bourbon from Heaven Hill's Bernheim Distillery, using wheat in place of rye as the secondary grain, aged to a mellow, approachable profile at standard proof.
Why This Matters — If today's Old Elk story has you curious what "wheated" actually tastes like before spending $70, this is the cheapest, most available way to find out.
Back to top story
THE CHASE
How to read the chase ratings
YESworth chasing
WATCHhold for now
PASSskip this one
Bottle 1 — Under $80
Old Elk 10-Year-Old Wheated Bourbon
Window: Available now, ongoing while supplies last
Where: Middle West Spirits distillery bottle store and Old Elk's online bottle shop, plus nationwide retail
MSRP: $69.99
Flavor Profile — Profile unconfirmed — watch for early reviews
YES
Rationale — A confirmed 10-year age statement at $69.99 with national availability is one of the strongest value plays in the category right now.
Bottle 2 — $80 to $200
Garrison Brothers Hye Rye Bourbon Whiskey Pre-Sale
Window: July 27, 2026 through August 10, 2026
Where: Garrison Brothers Distillery online pre-sale portal, Hye, Texas
MSRP: $99.99
Flavor Profile — Bold caramel and baking spice, with a spicier, drier edge from the 37% organic rye
YES
Rationale — This is the distillery's first-ever pre-sale for a cult release with a built-in Texas following — locking in MSRP now protects against whatever secondary premium develops before the October 2028 pickup.
Bottle 3 — $200 and up
No new $200-plus release this window. Wild Turkey Master's Keep Triumph would normally fill this tier, but it's already run in the Chase on two of the last five days — we'd rather rotate the spotlight than repeat it a third time.
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 Distributor's Bankruptcy Actually Change What's on Your Store's Shelf?

A distributor most drinkers have never heard of just filed for bankruptcy, and within 48 hours another company had already signed deals to take over its territory in 26 states. The bourbon community is split on whether that's a big deal. Some readers say it's mostly paperwork — this distributor had been selling off pieces of its business for over a year, so nobody was caught off guard. Others point out that a four-day handoff between announcement and completion is fast enough that some stores could see real gaps before the new distributor fully restocks.

First Sip Moment —

Distribution in the U.S. runs on a required three-tier system — producer, distributor, retailer — set up after Prohibition to prevent exactly the kind of abuses that came before it. A distillery can't sell directly to your local store or to you; a distributor has to carry the bottle in between. That's why one distributor's exit can shuffle which stores get which bottles almost overnight — the retailer often has no say in the matter at all.

The Math —

RNDC filed Chapter 11 on July 26 with liabilities between $1 billion and $10 billion against more than 100,000 creditors. Two days later, Palm Bay International confirmed replacement deals across 26 markets — Southern Glazer's picking up 15 states, Reyes Beverage Group taking 11 — with the full transition completing by August 1.

What It Means For The Rest Of Us —

If a familiar bottle vanishes from your usual shelf this month, it's probably a distributor handoff, not a discontinued release.

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
E.H. Taylor Jr. Single Barrel Bottled-in-Bond
Realized Price
$180
Peak Price
$260
Floor Erosion
↓ 30.8%
($260 − $180) ÷ $260 × 100 = 30.8% erosion
What Floor Erosion Means —

Floor erosion measures how far a bottle's resale value has fallen from its all-time high. E.H. Taylor Single Barrel BiB peaked at $260 on the secondary market in late 2025; it's now realizing $180, a drop of nearly 31 percent. That's the sharpest correction currently tracked in the Buffalo Trace lineup, and it's happening as broader distribution and steadier retail sightings chip away at the scarcity premium the bottle carried during the tighter allocation years.

The lesson: When a distillery's supply catches up to demand, even a legally distinguished bottle like a Bottled-in-Bond single barrel can see its secondary premium shrink fast.
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: Old Elk 10-Year Straight Bourbon vs. Old Elk 10-Year Wheated Bourbon — full comparison and verdict in the AWIB.
Today's AWIB Opening Pour also covers Bardstown Bourbon Co.'s new pineapple rum barrel finish — a 10- and 11-year bourbon and rye blend that spent 27 months in pineapple rum casks, limited to fewer than 350 cases.
Today's AWIB Rickhouse Report breaks down MGP Ingredients' Q2 earnings — a 43% EPS beat sitting on top of a 14.5% revenue decline and a swing of more than $51 million in free cash flow, the clearest sign yet that the bulk-distillate side of the industry is absorbing real pressure.
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: E.H. Taylor, Buffalo Trace, Weller, Wild Turkey, Master's Keep, Heaven Hill, Larceny, Four Roses, Bardstown, Maker's Mark, Garrison Brothers, 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.