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[Poll]

Cellar value vs. cellar cost


Value less than cost
  10% (9)
Value more than cost
  70% (59)
Value equals cost
  0% (0)
Who cares - let's drink!!
  19% (16)


Total Votes : 84


(last vote on : 3/26/2013 2:03:42 PM)
(Poll will run till: -- )
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Cellar value vs. cellar cost - 2/20/2013 5:22:03 PM   
BornToRhone

 

Posts: 3131
Joined: 2/14/2012
From: The Big D, Texas
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My cellar value (as reported by CT) is less than my wine cost. (98% value to cost)
Am I a poor purchaser? How about you?

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Post #: 1
RE: Cellar value vs. cellar cost - 2/20/2013 5:52:42 PM   
mjobtx

 

Posts: 1250
Joined: 11/20/2004
From: Plano, TX
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Probably not BTR. More a function of how long you have been buying and how long good wines have been held. A small portion of my menial holdings make up the vast majority of my value over price and most of them are red Bordeaux or German Rieling Auslese or sweeter. It is interesting to look at the value/price spread by region. After Bordeaux and Rielsing, Champagne and Alsace have provided my best ratios. But in all cases it is because I have held them. If I had held some of my wines longer the numbers would look better but I wouldn't have enjoyed the wines. I buy to drink not as an investment so the numbers don't mean much to me. Enjoy your wine.

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PlanoWino

(in reply to BornToRhone)
Post #: 2
RE: Cellar value vs. cellar cost - 2/20/2013 6:12:24 PM   
S1

 

Posts: 14828
Joined: 11/12/2011
From: Wandering between Coastal SC and South FL
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my value is WAY higher but I needed to be able to vote for choice 4 as well

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(in reply to mjobtx)
Post #: 3
RE: Cellar value vs. cellar cost - 2/20/2013 6:14:17 PM   
BornToRhone

 

Posts: 3131
Joined: 2/14/2012
From: The Big D, Texas
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quote:

ORIGINAL: S1

my value is WAY higher but I needed to be able to vote for choice 4 as well


Vote twice!!

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(in reply to S1)
Post #: 4
RE: Cellar value vs. cellar cost - 2/20/2013 6:27:18 PM   
wadcorp

 

Posts: 9336
Joined: 10/29/2008
From: Kansas City, MO
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I have a few gift bottles – such as from CT Santa – as well as a few that I didn't have pricing on. Pre-CT wines.

That's likely making the value look higher.

Many of my wines prices are at or above the value listed. I'm sure case buyers get a better deal, driving down their per-bottle cost some. But by that same token, restaurant purchases would drive the pricing up quite a bit.

Do you throw out the high & low and go for the average?

.

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(in reply to BornToRhone)
Post #: 5
RE: Cellar value vs. cellar cost - 2/20/2013 7:34:08 PM   
ccotton8

 

Posts: 504
Joined: 3/23/2012
From: Dallas, TX
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The bulk of my value is auction prices and distributor iventory reduction sales. I am seeing my value decrease due to buying more from wineries. When I talk to the sales people at Specs, they always sound shocked that their prices are lower than the wineries.

(in reply to wadcorp)
Post #: 6
RE: Cellar value vs. cellar cost - 2/20/2013 7:57:32 PM   
champagneinhand

 

Posts: 10282
Joined: 5/30/2011
From: Upstate New York, California born.
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Higher, but that is a function of time. I also buy carefully so I can drink well later in life. I also wanted to make sure that if all Hell broke lose, as it just might have, I could liquify and get a good chunk of change back. I hope that never has to happen, but family is more important than the wine. Sorry for my melancholy statements right now. Just in a holding pattern.

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Post #: 7
RE: Cellar value vs. cellar cost - 2/20/2013 8:05:59 PM   
khmark7

 

Posts: 11427
Joined: 7/6/2008
From: Chicago suburbs
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Own lots of Bordeaux, and the stuff just appreciates as it gets older. 

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Post #: 8
RE: Cellar value vs. cellar cost - 2/20/2013 8:40:18 PM   
puppetclause

 

Posts: 717
Joined: 10/9/2010
From: Los Angeles, CA
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Value is barely above cost, and I usually don't account for shipping costs, so....

(in reply to khmark7)
Post #: 9
RE: Cellar value vs. cellar cost - 2/20/2013 8:47:59 PM   
mjobtx

 

Posts: 1250
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From: Plano, TX
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Looks like several of us that have Bordeaux and actually hold it benefit from appreciated values. I have Chateau Latour I paid <$100 en primeur and you can guess what that does to valuation on those that I have left. In the end, I drink it. Value means nothing. Enjoyment means everything.

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PlanoWino

(in reply to puppetclause)
Post #: 10
RE: Cellar value vs. cellar cost - 2/20/2013 9:04:04 PM   
RedLoverJim

 

Posts: 272
Joined: 9/25/2008
From: Hurstville, Texas
Status: offline

quote:

ORIGINAL: champagneinhand

Higher, but that is a function of time. I also buy carefully so I can drink well later in life. I also wanted to make sure that if all Hell broke lose, as it just might have, I could liquify and get a good chunk of change back. I hope that never has to happen, but family is more important than the wine. Sorry for my melancholy statements right now. Just in a holding pattern.


I hope all works out well, CIH.

I'm ahead, with a cost of aout 92% of value. Partially due to some nice gift wines I list at zero cost, partially due to being on or having access to some list only wines that auction for higher. There's only one bottle I have any intention of selling though, so it's rather moot barring need for an insurance claim.

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RLJ

(in reply to champagneinhand)
Post #: 11
RE: Cellar value vs. cellar cost - 2/20/2013 10:18:03 PM   
fingers

 

Posts: 8255
Joined: 8/26/2006
From: Santa Ana, CA
Status: offline

quote:

ORIGINAL: puppetclause

Value is barely above cost, and I usually don't account for shipping costs, so....


ditto

(in reply to puppetclause)
Post #: 12
RE: Cellar value vs. cellar cost - 2/20/2013 10:34:35 PM   
MindMuse

 

Posts: 4327
Joined: 5/20/2009
From: Talking Rock, Georgia
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So the current value is above cost, but that is not what I selected. I purchase for consumption at some time or another, not to resell. It would also be naive to assume that one could sell one's cellar for the full valuation in CT anyway. I do try to maximize my own value received from my purchases, but any profit I derive is not in my pocketbook, but in my experiences.

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- Alice's Adventures in Wonderland

(in reply to fingers)
Post #: 13
RE: Cellar value vs. cellar cost - 2/20/2013 11:11:57 PM   
geppetto

 

Posts: 796
Joined: 11/7/2008
From: Vancouver, Canada
Status: offline
Being from British Columbia (the land of the government monopoly on wine), I count myself really lucky any time I can buy a bottle that is even close to the cost of the community average. My cellar cost will always be higher than the CT values.



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(in reply to MindMuse)
Post #: 14
RE: Cellar value vs. cellar cost - 2/20/2013 11:13:41 PM   
geppetto

 

Posts: 796
Joined: 11/7/2008
From: Vancouver, Canada
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quote:

ORIGINAL: MindMuse

So the current value is above cost, but that is not what I selected. I purchase for consumption at some time or another, not to resell. It would also be naive to assume that one could sell one's cellar for the full valuation in CT anyway. I do try to maximize my own value received from my purchases, but any profit I derive is not in my pocketbook, but in my experiences.


I agree 100 percent. It is actually illegal for me to sell my wine, so it is all for ME!!!

_____________________________

All these dumb spelling mistakes are because I'm using my iPhone. Damn autocorrect! OKAY OKAY, maybe it has a little to do with the consumption of too much wine...

(in reply to MindMuse)
Post #: 15
RE: Cellar value vs. cellar cost - 2/21/2013 8:46:32 AM   
ob2s

 

Posts: 1689
Joined: 1/30/2007
From: SW Portland Ore
Status: offline
Truth is that the value is really ONLY replacement value, if you needed to sell your cellar and have a broad spectrum of wine, then I'd bet $1000 you won't get CT value, in fact, you'd get no more than 67% of CT value UNLESS you only dabble in livex listed wines. There will also be some wine that you'll never be able to sell.

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Post #: 16
RE: Cellar value vs. cellar cost - 2/21/2013 9:19:09 AM   
ccotton8

 

Posts: 504
Joined: 3/23/2012
From: Dallas, TX
Status: offline
I wonder if my insurance company will acknowledge the CT valuation for replacement cost in case of something happening to my home.

(in reply to ob2s)
Post #: 17
RE: Cellar value vs. cellar cost - 2/21/2013 10:18:31 AM   
ob2s

 

Posts: 1689
Joined: 1/30/2007
From: SW Portland Ore
Status: offline
state farm does

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Post #: 18
RE: Cellar value vs. cellar cost - 2/21/2013 10:30:12 AM   
skifree

 

Posts: 3416
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From: SE King County, Washington
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I stumbled on the Bdx economics after moving to CT - had purchased a few 2004 Lafite and Latour en primeur at what I thought was astounding prices at the time - now, of course, they are worth much more. Main benefit is to justify my expenditures to my wife!

Like everyone else here, I do not look at my cellar as an asset - part of the good life to share with friends and family.

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Post #: 19
RE: Cellar value vs. cellar cost - 2/21/2013 11:53:02 AM   
mjobtx

 

Posts: 1250
Joined: 11/20/2004
From: Plano, TX
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quote:

I agree 100 percent. It is actually illegal for me to sell my wine, so it is all for ME!!!


Well you could give it all to me. I have a nephew who lives in Vancouver. I will have him pick it up for me.

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PlanoWino

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Post #: 20
RE: Cellar value vs. cellar cost - 2/21/2013 12:22:32 PM   
ccotton8

 

Posts: 504
Joined: 3/23/2012
From: Dallas, TX
Status: offline

quote:

ORIGINAL: ob2s

state farm does



That's good to know, that's who I have my coverage through. Thanks.

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Post #: 21
RE: Cellar value vs. cellar cost - 2/21/2013 1:03:43 PM   
GalvezGuy

 

Posts: 5864
Joined: 5/10/2007
From: Galveston, TX
Status: offline
Much higher value than cost FWIW, mostly due to crazy auction prices on a small percentage of the bottles.

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Post #: 22
RE: Cellar value vs. cellar cost - 2/21/2013 1:46:05 PM   
BobMilton

 

Posts: 2877
Joined: 1/29/2010
From: Newbury Park, CA
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I give up. How do you find total cost without opening each and every wine individually (would take forever!)

(in reply to BornToRhone)
Post #: 23
RE: Cellar value vs. cellar cost - 2/21/2013 1:56:59 PM   
FRM

 

Posts: 180
Joined: 8/16/2012
From: NY
Status: offline
I hit the wrong dang button Oh well.

(in reply to BobMilton)
Post #: 24
RE: Cellar value vs. cellar cost - 2/21/2013 3:23:20 PM   
mclancy10006

 

Posts: 4510
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From: Cape Cod, MA & Bellevue, WA
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quote:

ORIGINAL: BobMilton

I give up. How do you find total cost without opening each and every wine individually (would take forever!)


Go to reports and "my cellar" and "all wine". Scroll waaaaaaaay down to the bottom and it is there.

-Mark

(in reply to BobMilton)
Post #: 25
RE: Cellar value vs. cellar cost - 2/21/2013 3:28:09 PM   
BobMilton

 

Posts: 2877
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From: Newbury Park, CA
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quote:

ORIGINAL: mclancy10006


quote:

ORIGINAL: BobMilton

I give up. How do you find total cost without opening each and every wine individually (would take forever!)


Go to reports and "my cellar" and "all wine". Scroll waaaaaaaay down to the bottom and it is there.

-Mark


When I do that, all I see is value. The same thing on the homepage. Nowhere do I see cost, so I still have no idea what the ratio is.

(in reply to mclancy10006)
Post #: 26
RE: Cellar value vs. cellar cost - 2/21/2013 4:02:06 PM   
VTCellarDweller

 

Posts: 318
Joined: 9/23/2009
From: Vermont
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I include tax and shipping in my cost number for each purchase. The total cost is 98% of the value.

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Post #: 27
RE: Cellar value vs. cellar cost - 2/21/2013 4:18:10 PM   
mtpisgah

 

Posts: 3570
Joined: 6/7/2012
From: South Carolina
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I have only been collecting for about two years and only in the last year have started to buy more valuable bottles. My valuable bottles though are not valuable compared to a lot of the cellars here. That being said, my cost is a lot more than the "value", to the point that I almost fell out of my chair. I need to stop buying wine and start investing, with someone else picking the stocks of course.

As Mindmuse said, it is the experience. TW and I were talking about that this weekend, rather than collecting stuff (which we have too much of in general) collecting experiences is so much more important and more fun.

Oh well, I bought it to drink, not as an investment. You only live once and you can't take it with you. We dont have kids so we dont need to leave it to anyone. Maybe I will order that Buccella after all.

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Paul

I read books to pass the time until the next bottle of wine.

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Post #: 28
RE: Cellar value vs. cellar cost - 2/21/2013 7:56:45 PM   
dsGris

 

Posts: 4712
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From: Portland, OR
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In the last several years I have included shipping. Cost is 93% of value. By and large only two bottles are substantially worth more than the cost. No reason to save it, just drink it all up.

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DennisG
Granpa Wino

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Post #: 29
RE: Cellar value vs. cellar cost - 2/21/2013 9:22:25 PM   
ytsai

 

Posts: 1365
Joined: 10/14/2008
From: Taiwan
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Value << Cost

Mainly because the government impose a 15% tax on wine

(in reply to dsGris)
Post #: 30
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