One of the advantages of the Red Bigot Data Base is the amount of information available about ones one collection just by looking at the well presented info (thanks Brian).
The one box that is becoming increasingly frightening is the current average value per bottle in my cellar. Only a few years ago it was about $30, now its climbed to over $40.
Time to come clean and vote for the average per bottle value of wine in your cellar. If you don't know, have a guesstimate. If you want a free copy of the Red Bigot Data Base (and have Microsoft Access) email Brian at redbigot@yahoo.com.au
Thanks for the plug I don't think Winebase or Uncorked are worried about the competition yet, but it's getting close to 200 users now.
I must have a lot of cheap reds in my cellar compared to yours, but I'm working on that and I have nearly twice as many bottles as you (Andrea likes her fair share). From the last time I looked at a copy of your cellar, I think I set the current value a bit more conservatively than you do too.
Cheers Brian Life's too short to drink white wine and red wine is better for you too! :-)
I guess I have more money than sense. How would you define value when you have the money to 'burn'?
Do you consider Cognacs in your calculation? Because I have 2 Richard Hennessey, 2 Remy Martin XIII, 2 Hennessey Paradis, and a collection of XO and VSOP. (All unopened). I'll open them for anyone who is cooking up a 'decent' meal or BYO.
Open invitation for anyone in Sydney. Don't get me wrong on Cognacs alone. I also have 83, 86, 90, 91, 94, 96 & 98 Grange; 90 & 96 HOG; 86, 93 & 97 Cyril; 96 & 98 Bin 707; 90 & 98 Bin 389; 95 Jack Mann; and lots more.
Ah, now this is an interesting poll. How do you measure "value" in the first place to come up with an average? I have most of my stuff at purchase price, except stuff which has clearly moved from that, via auction, where I use the hammer price/auctioneers estimate as a guide.
Interestingly when I look at average value by wine type, the variety I spend the most money on per bottle is Chardonnay, as I'm getting very fussy with it. The lowest avg value per bottle is riesling. I have 4 times as much riesling as chardonnay though. Kind of tells a story really.
I didn't think it was that much. I've taken value to mean replacement value rather than initial cost, but it would still be middle of the range using cost rather than value.
"Hello my name is Jamie and I have a wine buying problem."
The figure displayed on the main wine page in the RB Cellar Master is the average of the 'Current value', I usually set it at either cost of the current vintage (except for the very occasional one that has gone down) or the lower end of auction prices.
FWIW here are my average purchase prices by year of purchase:
<i>"More [url]liquid[/url] than sense"</i> is more appropriate Cheaper wines are a waste of cellar space
MC
<i>"If our life on earth is so short, why not live every day as if it were our last. This is the path to happiness and spiritual enlightenment"
Omar Khayyam 1048 -1122</b>
How would you define value when you have the money to 'burn'?
Do you consider Cognacs in your calculation? Because I have 2 Richard Hennessey, 2 Remy Martin XIII, 2 Hennessey Paradis, and a collection of XO and VSOP. (All unopened). I'll open them for anyone who is cooking up a 'decent' meal or BYO.
Open invitation for anyone in Sydney. Steve
Steve,
Its up to you as to how you define the value, the poll was just a bit of Sunday fun that may provoke a bit of thought and interaction.
The range of Cognacs sound great, would go well after a quiet little mid week BBQ.
You did not offend me at all. Many bottles of $60 wine may be considered value by those that purchase them because there is a lot of wine that costs $90 that is not as good.
Value, like beauty is in the eye of the beholder and very much an individual thing.
The 99 Armagh seemed like reasonable value at $120 in comparison to the 97 Grange which was around at the same time.
It's pretty scary trying to keep track of the Cellar's value. I first insured it last year when moved it all one location. Still updating to do but glad Langtons now have online valuations
http://www2.langtons.com.au/tools/tool_price.asp Am working on the theory that if not listed at langtons worth purchase price (eg Canobolas Smith Alchemy).
Average purchase price still under $20 - praise the value of Clare Rieslings - but average value now over $35
My little spreadsheet tells me the average COST is $33.32 at the moment. Of course, that includes some free (ie gift) bottles. Taking them out, the cost rises to $44 for wines I have purchased.
Valuing the whole lot at Langtons high estimate (but ignoring buyers premium etc.) I get a replacement cost of around $44 per bottle. Admittedly, there are a couple of magnums included, but those are more than offset by the 375s I have as well!
I think I have a very serious problem after doing your test......Thanks
Besides the price, may I ask how many bottles of wine you guys have.
I have around 2000 bottles at the moment..and I keep telling myself to stop buying.....
I don't think Winebase or Uncorked are worried about the competition yet, but it's getting close to 200 users now.
Thanks for reminding me 
