If You Thought Regular Pappy Was Expensive, the Price of This Bottle Will Shock You

A rare artifact from Pappy’s pre-hype days just sold at auction for a figure that will make your eyes water.

collage of angled bottles of lottas home rye whiskey on a red backgroundSotheby’s

There is no such thing as a bottle of Pappy Van Winkle that isn’t rare and expensive. In fact, outside of maybe “delicious,” those are probably the two best words to describe the whiskey. But even within the wild world of Pappy, there are levels of price and rarity. And one of the rarest bottles in all of Pappydom just sold for a price that will make your eyes water.

That would be an ultra-rare bottle of Lottas Home Papa’s Private Family Reserve, which just sold for $35,000 at Sotheby’s New York in the Whisky & Whiskey Featuring The Richard Gooding Collection auction taht also included a number of highly prized whiskeys (and whiskies), including some 50-year-old Macallans, a 64-year-old Glenfiddich and a 23-year-old Pappy decanter.

So what exactly makes a single bottle of booze worth $35,000? Let’s get into it.

What is Lottas Home Papa’s Private Family Reserve?

In the late 1990s, the Pappy Van Winkle hype train was in its infancy. The move to Buffalo Trace Distillery and the corresponding bourbon craze that turned every bottle of the stuff into a unicorn was still a few years away, and bottles — or even barrels — could be purchased for prices one could actually describe as fair.

In 1998, Old Rip Van Winkle released the first bottles of its now-iconic Family Reserve Rye 13 Year Old. At the time, it was exclusive to the Japanese market, with the first American release not coming until the following year. But there was another version of the liquid that made its way to some shelves in Germany under a different name.

Stephan Macha, the owner of Weine & Feines in Heidelberg, Germany, purchased 60 bottles of 13-year-old rye from Julian Van Winkle III in 1998 to sell at his store. Since Pappy wasn’t a big draw yet, Macha created his own custom label for the whiskey, christening it “Lottas Home Papa’s Private Family Reserve 13 Year Old” after his daughter.

several bottles of antique pappy van winkle whiskeys against a black background
Lottas Home, left, was one of several rare bottles of Pappy that recently hit the auction block.
Sotheby’s

Given the bottles’ extreme rarity, provenance and unique place in Pappy Van Winkle history, they’re considered one of the ultimate grails for Pappy collectors.

The rare rye whiskey, bottled with an ABV of 47.8% at the now-closed Old Rip Van Winkle Distillery in Lawrenceburg, KY, was listed in the lot at Sotheby’s Whisky & Whiskey Featuring The Richard Gooding Collection auction in New York, with an estimate of $26,000. Clearly, the market felt it was worth more.

Amazingly, even with the $35,000 price tag, this bottle of Lottas Home Papa’s Private Family Reserve doesn’t even come close to matching the most expensive bottle of Pappy. In 2022, a bottle of 23-Year-Old Family Reserve sold for $52,500 (about 17 times the estimate at the time).

Nonetheless, this bottle of rye almost makes the more common Pappy expressions, which fetch between $1,000 to $2,500 on the secondhand market, seem like a steal.