New WineBid quarterly drop

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New WineBid quarterly drop - 7/4/2008 3:41:24 PM

Eric

Posts: 5590
Joined: 10/10/2003
From: Seattle, WA
Status: offline

OK, I have added data for the quarter ending 6/30/2008. I am still in the middle of mapping new wines and as yet unseen vintages, so you will still see some changes over the next few hours.

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Cheers!
-Eric LeVine

Post #: 1

RE: New WineBid quarterly drop - 7/5/2008 1:09:08 AM

GintsO

Posts: 87
Joined: 5/14/2006
From: Latvia, Jūrmala
Status: offline

These Winebid prices are useless. When I am buying wines I use Wine-Searcher + I always do manual price analysis. For example, where can I buy Sociando-Mallet 1999 for $ 28.75? Auction prices do not show us the real picture. Several days ago Sillage de Malartic 2005 was sold for 1.50 € at eBay - is this the real value? Minimal Wine-Searcher price would show the value much better.

(in reply to Eric)

Post #: 2

RE: New WineBid quarterly drop - 7/5/2008 3:00:12 AM

nwinther

Posts: 347
Joined: 7/28/2006
From: Denmark
Status: offline

@ GintsO

I disagree. Winebid is a serious wine-auction site. I don't think I'd ever buy wine on eBay. And compared to Winesearcher, well that's the retailers price and doesn't really show the actual value of a wine.

It all comes down to what you want your cellar to reflect. What someone is asking for the wine, or what it was actually sold for? IMO WineBid shows the actual value of a cellar, if you were to liquidate it (no pun intended). Winesearcher shows what a wine should cost, if you were to buy it anew.

When an insurance-company compensates for, say, a car, they don't look in the paper to see, what someone would be asking for a similar car, they evaluate "what is the lost car worth". And the best way of establishing that, is to look at auctions. A retailer could dump the price (by accident?) on a wine he doesn't actually sell. Thus askewing the apparant market. That is also the way art and many other things have their prices astablished: price at auction.

I do agree with you in one aspect. Many wines aren't sold on WineBid. The only way of figuering out current value would be by checking WineSearcher.

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RE: New WineBid quarterly drop - 7/5/2008 4:43:26 AM

GintsO

Posts: 87
Joined: 5/14/2006
From: Latvia, Jūrmala
Status: offline

Then you agree that price paid for single (or several) bottles somewhere is more important than price at which you really can buy particular wine?
Retailer's price = actual value. At least for me who are not thinking all the time about cellar liquidation.
And about eBay: try to buy there and you will not be disappointed.
WineBid for us, Europeans, is nothing more than an ethereal sound - at the end of the world somebody is selling wines for little green, ever-decreasing in value papers.

< Message edited by GintsO -- 7/5/2008 6:42:04 AM >

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Post #: 4

RE: New WineBid quarterly drop - 7/5/2008 8:20:06 AM

Eric

Posts: 5590
Joined: 10/10/2003
From: Seattle, WA
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The WineBid database is not structured. It is garbage in fact. There is another site with retail prices, GlobalWineStocks.com, that is looking to license it. I might consider that in addition to WineBid. That said, the quality of the WineBid data is very solid, adn I have been very pleased with it (and my relationship with them) since I integrated this in 2005.

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Cheers!
-Eric LeVine

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Post #: 5

RE: New WineBid quarterly drop - 7/5/2008 11:55:22 PM

Colonel Lawrence

Posts: 1953
Joined: 4/24/2006
From: Arabia
Status: offline

I'm very much a Wine Searcher fan. My only complaint with them is that I have to look at individual bottle and case price to see what the lowest price actually is.
I also know that I could immediately liquidate my whole cellar at a price of Wine Searcher -15%, or in time Wine Searcher -10%.
I could probably beat those prices, but it gives me a worst possible case scenario.

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First they came for ....................

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Post #: 6

RE: New WineBid quarterly drop - 7/27/2008 1:05:31 PM

GintsO

Posts: 87
Joined: 5/14/2006
From: Latvia, Jūrmala
Status: offline

I even can't sign up to be able to read this auction information because my country is not listed among those 37 supported by WineBid.
Instead I must read CLICK TO SIGN UP and see ...Wine Bid (bold + underlined + red !!!) every time I open almost every wine's page here in CT!

Annoying? No, it is more like a sneering...

< Message edited by GintsO -- 7/27/2008 1:06:01 PM >

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Post #: 7

RE: New WineBid quarterly drop - 7/27/2008 1:36:44 PM

Eric

Posts: 5590
Joined: 10/10/2003
From: Seattle, WA
Status: offline

you could actually register using a friend's address.

I went ahead and turned it on for you.

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Cheers!
-Eric LeVine

(in reply to GintsO)

Post #: 8

RE: New WineBid quarterly drop - 7/27/2008 3:08:43 PM

GintsO

Posts: 87
Joined: 5/14/2006
From: Latvia, Jūrmala
Status: offline

quote:

ORIGINAL: Eric

you could actually register using a friend's address.

My friends, I need your help to register on WineBid.com.
Could you mail me your credit card numbers and full names, please?

Actually, this is not the 1st time I have met such situation - my iTunes account is registered somewhere in northern Alaska.

Thank you, Eric!

< Message edited by GintsO -- 7/27/2008 3:09:18 PM >

(in reply to Eric)

Post #: 9