Chairman’s Reserve 1931 6-12 Years

I was waiting with excitement to finally taste this highly regarded drop. First impression was shock and bewilderment! - It cant be.. this must be a dud bottle, stored incorrectly or something horrific has changed its DNA. Purchased from a most reputable store with which whom I have a long and successful relationship with. Wood and cheap liquorice with an unpleasant chemical smell, taste does not improve after the nosing and stays the same. Give it the benefit of the doubt and try again in a few weeks. It has mellowed but with the same cheap liquorice taste, most unimpressed. I cant find any flavour profile similar to other chairman's drop???
Alright, an opened bottle with a few glasses worth missing and a month later usually improves most bottles - Nope! The nose has improved and the taste only mildly more pleasant than what I recall but still that damn cheap liquorice dominates. I do notice a pleasant oak taste and a mild caramel appearing later but too little to late to impress. I have a third of the bottle left and will give it a couple of more months to Hopefully allow some oxygen to improve this bad boy. Very disappointed by this experience and will rate it accordingly but I do hold hope my experience is a one off and not the true drop.