I'm in the biz and "Yes", this truly is the "Golden Age" for American bourbons. By and large, forget about Pappy, Orphan Barrel, and Buffalo Trace Antique Collection stuff these days. Can't find it and, if you do, you'll pay through the nose. Incredibly over-priced, at least for the time being. This phenomenon is even spilling over into "every day" bourbons - Weller Antique 107, Weller 12 Year, Basil Hayden's, etc. Hell, this past Fall, I grabbed a bottle of Old Forester Birthday Bourbon for about $44 and could have easily flipped it for $250 - $300 on the gray market. Chose to hold on to it and am enjoying it slowly, as I think I'm appreciating it for the right reasons.
Bottom line - it is pure insanity right now when it comes to "collectible" bourbons. This will pass but it may take a while. As noted earlier, the Asian market isn't helping things. They caused a stir about 8 - 10 years ago with Bordeaux/Burgundy but that bubble eventually burst, so things should return to normal. Here's hoping, at least.
