We’re still on Island expressions, and the first No Age Statement release I’ve reviewed is coming Real Soon Now (Laphroaig’s Quarter Cask). But let’s talk NAS first. The lads at Whisky Waffle did an entire week on NAS; they tightened their belts and screwed down their green eyeshades and really went at it with as much seriousness as they can muster (they were pretty tough, actually). Their series is worth a read for getting some background on NAS, so I’m not going to re-fight that campaign. However, before I get to Quarter Cask, I’d like to get a couple facts about the NAS expressions we are seeing out in front.
The odd Supply and Demand Curve for Whisky
My feeling is that, while these days of rising sales and a limited supply of aged whisky have led to high prices for aged single malt, NAS should be a way for distilleries to produce more volume of good whisky. They can be a bit creative and mix in some newer whisky with the old and bottle more product. NAS should be a way of increasing supply, thus reducing price. I know this, I took a major in Economics, ceteris paribus and all that.
However, the opposite has happened. We’ve got more expressions than ever, and I have to surmise more whisky being shipped, but at higher prices. That’s counter-intuitive, and that got me curious. Here is a short survey of current aged and NAS offerings in my home state, Oregon. (Prices are set by the state, so are not affected by locality or time of year.) I have rounded to the nearest buck.