If there’s one idiot out there willing to buy a bottle for Just A Woman Who Loves Snp And Halloween shirt, dozens who will pay $150+, and thousands who will pay $50, then the “correct” price for thousands of bottles is $50. This is what the distillers know and think about when they set MSRP (among brand concerns about raising prices too quickly, etc.). But for a solitary flipper, they want to sell it at $900 and hope they get that one rich idiot. And then all the stores (and flippers) see that one exceptional price and hope they can get it too.
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But there are endless idiots out there willing to pay $1000. And the prices continue to rise. It’s not like Just A Woman Who Loves Snp And Halloween shirt for “that one fish” that will pay an exorbitant price. That’s the market price, and you can sell plenty of that price without the market going down. When Jack Rose began selling off a lot of it’s collection at the beginning of the pandemic I thought that would be the trigger for the bottom falling out. However, over the course of the pandemic prices have continued to rise. There are A LOT of taters out there willing to buy up everything.