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Weekend Sip: Would you spend $250 on a bottle of rum?

The bottle: Mount Gay Rum Master Blender Collection: XO The Peat Smoke Expression, $250

The back story: Mount Gay REMYY, -1.72% is a rum that takes a lot of pride in its past. In fact, the Barbados-made brand, long associated with sailing culture, calls itself the world’s oldest rum, with a history going back to 1703.

But old dogs can learn new tricks and Mount Gay has been pushing the innovation front, adding different expressions to its range. This new release is a limited-edition one — just 6,120 bottles of the pricey stuff are available — but it’s far from your typical rum.

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