I really admire thewhiskyexchange owner as a businessman i must admit. He was amongst the first who forsaw the whisky demand raise and acted accordingly for his own best interest of course. This is not for our best interest and don't shoot me for writing this words but in general i admire people who risk because the see something the rest of us don't and gain from their risk.
I suppose his risk was not little at first since he was buying a lot of bottles without the security that indeed will be sold at the prices wanted. And of course by taking that kind of risks don't forget that you could easily lose , and lose heavily.
On the other hand i don't like at all people or bussiness who value money more than people relationships or ethics and explain. There are lot of merchants , private or stores that they just want to sell and they even hide flaws or anything else that the merchandice has andafter the sale they don't even wan't to hear about it.
For me the most important thing is that at the end of a deal both parties should be pleased since after all we are all adults here and in any way the transaction is made uppon the free will of both parties. No one is obligated to buy or exchange anything i suppose.
I am glad with those that try to make up if a deal goes wrong in any way
The issue is with the TWE is that in a way they are a victim of their own success. They have brought whisky to the masses but like any juggernaut you can lose control of it. I lost faith with them when I saw them buying whisky at auction and then tripling the price in a matter of weeks,
If hey had doubled the price immediately or 125% ish, it would no be such an issue but it is greedy.
But they are business and as some people do not trust auctions so they pay their silly prices.
I understand they charge what they feel the market will stand.