The Wine Collector

Practical wine collecting advice from Steve Bachmann, Vinfolio's CEO

 
21
Sep
2008

WinePrices.com: New free site for comprehensive wine price information

Categories: Valuing wine

Vinfolio has quietly launched (in beta) a new web site, WinePrices.com, to provide comprehensive auction and retail wine price data for free.  Currently, over 10,000 wines are covered with over 400,000 auction prices from the last eight years.  Wine retail price data will be added within the next couple of weeks (via a licensing arrangement with Global Wine Stocks). Once added, WinePrices.com will become the most comprehensive resource for wine price information on the Internet. Best of all, it's completely free!  To learn more, click here.

Features you'll like

  • Free - The first 10 searches are free (without signing in).  To continue free unlimited use, simply sign in on WinePrices.com with your Vinfolio account (if you already have one) or create a free Vinfolio account on WinePrices.com (which will then also work on Vinfolio.com and for accessing VinCellar).
  • Summary results screen: Shows wines matching your search string with average U.S. retail price, average auction price (inclusive of buyer's premium), and the average community score from VinCellar.  The relative strength of the underlying data is also indicated. Coming soon: for those with paid subscriptions to our content partners (i.e., Allen Meadows' Burghound, Stephen Tanzer's International Wine Cellar, Roy Hersh's For the Love of Port, and The Richard Juhlin Champagne Club), we'll also display their professional ratings when you're signed in and have linked your content subscriptions to your account.
  • Wine detail page:
    • Overview of auction averages for 20 vintages around the one selected with a one-click (or slider) ability to switch to another vintage of the same wine
    • Summary auction results data with low, high, and average by bottle size going back up to 8 years
    • Price graphs for 1, 3, and 5 years
    • Individual auction lot detail supporting all summary data
    • Coming soon: A new section of the page focused on U.S. retail price data (with individual store listings provided)

Strategic positioning

WinePrices.com is not intended to be a site to compete with the likes of Winesearcher.com or other wine search engines aimed at helping you locate where to buy a wine.  While WinePrices.com will provide retail listings (mainly to provide transparency and credibility for the retail wine values displayed), the data is not likely to be as "real-time" as those search engines.  Instead, the emphasis of WinePrices.com will be on the current and historical value of different wines, or groups of wines (via composite indices).  In short, the goal is to empower those wine collectors potentially interested in selling wine or investing in wine with a robust tool to support their decisionmaking.

Additional Background

Many wine collectors are familiar with the Wine Price File, which served as a definitive source of wine auction price data for over 15 years.  Vinfolio acquired this business (and the www.wineprices.com URL) in late 2003 and converted this print publication into an online database.  The data was used in conjunction with Vinfolio's ecommerce site and provided part of the valuation mechanism within our free online cellar management application, VinCellar. For retail prices, we licensed Winesearcher.com data a few years ago to provide a retail valuation component. While Vinfolio already makes market price data available (both auction and U.S. retail average price) within the wine detail pages of its ecommerce site, WinePrices.com enables this information to be accessed directly (through a "Google-like" interface) that is more efficient for researching wine price information

We want your feedback and suggestions

We're still working on fixing bugs and rolling our features.  Please take a moment to report problems or to suggest features you would like to see added.  Just go to the WinePrices.com forum on the Vinfolio site or there's also a convenient link at the bottom of the WinePrices.com wine detail page.






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