Kentucky holds first online auction for confiscated bourbons
- Kentucky holds its first online auction of confiscated alcohol, featuring a range of rare bourbons.
- Bottles included in the auction consist of highly sought-after brands, attracting bids from collectors.
- The initiative aims to promote responsible drinking by funding awareness programs with the auction proceeds.
In a significant move for the state's bourbon industry, Kentucky has initiated its inaugural online auction of confiscated alcohol, a development made possible by a new law. This auction, which began online on November 26, 2024, showcases hard-to-find bourbon bottles, appealing to both casual drinkers and serious collectors. The event features notable whiskeys including two bottles of Old Rip Van Winkle and a bottle of Blanton's Single Barrel Gold, among others. The auction will conclude at midnight on December 11, 2024, encouraging enthusiasts to place their bids in the specified timeframe. The new Kentucky law permits the auction of alcohol confiscated from closed criminal investigations, a change aimed at both recovering value from these bottles and preventing the destruction of good bourbon. Traditionally, confiscated alcohol faced destruction, but now it can be channeled into a positive initiative. Proceeds from the auction will be used to fund programs promoting responsible alcohol use for adults and awareness initiatives targeting youths, thereby reinforcing the state's commitment to responsible drinking. Industry representatives, such as Eric Gregory, president of the Kentucky Distillers’ Association, have praised the auction, emphasizing the selection of rare and hard-to-find bourbons available for bidders. Gregory expressed optimism that the auction could become a sought-after event for bourbon aficionados in the state. With 32 bottles listed, the auction not only includes bourbon but also a “stock the bar” bundle featuring wine, vodka, rum, and whiskey, appealing to broader tastes. This initiative reflects Kentucky's status as a key player in the global bourbon market, producing 95% of the world's supply. By enabling the auctioning of seized spirits, the state hopes to enhance tourism and local economic growth while also contributing positively to community programs. Looking ahead, the Department of Alcoholic Beverage Control has indicated plans for future auctions, signifying an ongoing strategy to maximize the value of confiscated alcohol while ensuring it serves a beneficial purpose.