Last year, there was no George T. Stagg as part of Buffalo Trace Distillery’s Antique Collection. Michter’s Distillery announced today it will withhold an expected release of its Michter’s 10-year bourbon until 2023.

The Louisville-based distiller plans to keep the barrels originally slated to be bottled this year for one further year of aging.

“Over the more than two decades since we restarted Michter’s in Kentucky, we have had several years where we’ve chosen to hold back particular offerings,” Michter’s President Joseph J. Magliocco said in a news release. “Our goal is to put out the greatest American whiskey. When we think something is already wonderful, but will become spectacular with a bit more aging, we have not been shy about waiting to release it. When it comes to whiskey, there’s no substitute for patience and time.”

Michter’s Master Distiller Dan McKee said he is essentially following the lead of the late Master Distiller Willie ‘Dr. No’ Pratt. Many years ago, Pratt earned this nickname from Michter’s Executive Vice President Steve Ziegler for his refusal to release any whiskey until he felt it was just right.

Michter’s Master of Maturation Andrea Wilson added, “Bourbon enthusiasts often tell us how much they love our 10 Year Bourbon for its depth and complexity. While we know our Michter’s supporters will be disappointed, just know we are continuing to stay true to our philosophies of who we are as a company and as a brand by always delivering extraordinary whiskey to those who are willing to wait.”

Michter’s 10 Year Bourbon has a suggested retail price of $160 in the United States. Currently all types of Michter’s are being allocated because demand exceeds supply.