Port Value Assessment Accuracy...

[rich_n]

I'm aware that a fair few of the regular posters on here either have a Seckfords account or have purchased wine from them. I recently noticed that they added a market valuation function to their site for reserves held in account. Has anyone else seen this and if so, how accurate do you think it seems? Most of mine seems relatively sensible, except for a valuation on a late 00s Taylor VV, which it values at £300+ for 6 bottles!

Any guesses on how they're finding market valuations? I assume for wines where they have sold cases recently through their site it should be reasonable, but there seem to be some oddities.

[flash_uk]

Any guesses on how they're finding market valuations?

Could be using a data service from someone like wine-searcher: https://www.wine-searcher.com/trade

[rich_n]

Any guesses on how they're finding market valuations?

Could be using a data service from someone like wine-searcher: https://www.wine-searcher.com/trade

Possibly, but then that would surely need to be adjusted since Seckford is not just a straight retailer and my assumption is that Wine Searcher are getting their values (mostly) that way?

[hadge]

Any guesses on how they're finding market valuations?

From Seckford's site,

Market Price Guide

If available, this guide valuation shows the best listed price for a wine in the secondary market.

To calculate it, Liv-ex, a global trade fine wine exchange, look at list prices from a large group of trusted international merchants.

Depending on the available market data, some valuations are more accurate than others. Seckford take no responsibility for the accuracy of externally sourced valuations, so please get in touch if you are unsure on pricing and we'd be delighted to advise.

Market Price Confidence Indicator

Green – High Confidence
Yellow – Medium Confidence
Red – Low Confidence

Market prices with a dash, will show no indicator, because there is no data.

the market price confidence is all about how offen that wine has been traded, i believe.

[Glenn E.]

...except for a valuation on a late 00s Taylor VV, which it values at £300+ for 6 bottles!

I'd buy that! '00s VVV is typically $200 per bottle here in the US.

Not sure it's worth that (for me) in London, though, because I then have to get it to WA which adds significantly.

[rich_n]

Any guesses on how they're finding market valuations?

From Seckford's site,

Market Price Guide

If available, this guide valuation shows the best listed price for a wine in the secondary market.

To calculate it, Liv-ex, a global trade fine wine exchange, look at list prices from a large group of trusted international merchants.

Depending on the available market data, some valuations are more accurate than others. Seckford take no responsibility for the accuracy of externally sourced valuations, so please get in touch if you are unsure on pricing and we'd be delighted to advise.

Market Price Confidence Indicator

Green – High Confidence
Yellow – Medium Confidence
Red – Low Confidence

Market prices with a dash, will show no indicator, because there is no data.

the market price confidence is all about how offen that wine has been traded, i believe.

Ah, this is helpful!

[rich_n]

...except for a valuation on a late 00s Taylor VV, which it values at £300+ for 6 bottles!

I'd buy that! '00s VVV is typically $200 per bottle here in the US.

Not sure it's worth that (for me) in London, though, because I then have to get it to WA which adds significantly.

Is that at retail? Or what you'd expect to pay in a private sale/at auction?

[Glenn E.]

...except for a valuation on a late 00s Taylor VV, which it values at £300+ for 6 bottles!

I'd buy that! '00s VVV is typically $200 per bottle here in the US.

Not sure it's worth that (for me) in London, though, because I then have to get it to WA which adds significantly.

Is that at retail? Or what you'd expect to pay in a private sale/at auction?

That's Winesearcher restricted to US listings, which I guess means retail? I generally find Winesearcher to be less than retail in actual, physical stores, and then auction is typically even less than that.

There's a Zachy's auction right now that has 3 bottles for $220 (-ish) last I checked and I think 3 days left. Expected range of $240-$360. I'm tempted, but Zachy's has a 25% buyer's premium plus they're not very good with shipping and handling.