Let’s free the antique alcohol market

R Street's Kevin Kosar on freeing the antique alcohol market:

It seems like every month, I get an email or two from strangers asking me the same question. They read something like this: “Hi. My elderly father died, and when I was cleaning out his house to get it ready for sale, I found some very old looking bottles. Some of them are not open. Are they worth anything?”

Unfortunately, my response never is especially encouraging. There is, I inform them, no licit secondhand market for alcoholic beverages, for the most part. So, I cannot tell you what a bottle of Old Fitzgerald Bourbon from 1970 or a six-pack of Thomas Hardy Ale from 1995 would sell for. Sure, if you had a large and opulent collection of antique beverages, you might be able to get it assessed and sold by an auction house. But even for those lucky souls, it is a painstaking and time-consuming process.

It is a confounding situation, which means, of course, it was created by government....

Read more at http://www.rstreet.org/2016/04/20/lets-free-the-antique-alcohol-market/