Your collection value is the market value of your bottles, added together. This article explains exactly how we work out each market value, what it is good for, and what it is not.
🍷 Did your value change recently? We changed where our market prices come from. They now come from Wine Labs, which tracks what shops around the world are asking for each wine. For most collections the total went up a little. Some wines were priced too low before, and bottles that had no price of their own now have one. Your bottles did not change. The number is now a closer match to what the wine costs in shops.
How we work out a market value
Collect shop prices. Wine Labs gathers the prices shops around the world are asking for each wine and vintage.
Take the middle price. We use the median of those shop prices for one 750 ml bottle, before sales tax and VAT. Half the shops ask more and half ask less.
Match your bottle. The price is for your exact vintage and bottle size. If we only have a 750 ml price, we scale it to your size and add 10%, so a magnum is twice the 750 ml price plus 10%.
Fill gaps. If Wine Labs has no price for your vintage, we estimate one from other vintages of the same wine and from similar wines from the same region.
Your price wins. If someone on your collection set their own price, we use theirs instead.
Convert. We convert the price into your currency at the current exchange rate, updated daily.
Add it up. Your collection value is the sum of every priced bottle. A bottle with no price at all counts at your collection's average bottle price, never at what you paid.
Open any wine's market value to see a tag saying which kind of price it is:
Tag | Meaning |
Verified market value | Wine Labs has a price for this exact vintage (step 2). |
Estimated market value | We estimated it (step 4). |
Custom market value | Someone on your collection set it (step 5). |
What it is good for
Checking a deal. A bottle offered below our market value is cheaper than a typical shop.
Insurance and replacement. Your collection value is roughly what it would cost to buy your bottles again at typical shop prices today.
What it is not
Not a selling price. Selling usually brings in less. Auctions take fees from buyer and seller, and a merchant buying your bottle pays less than its own shelf price.
Not your local shelf price. It leaves out sales tax and VAT, so it usually sits a little below what you pay at the till. In many Canadian provinces shelf prices also include a government markup. A shop with a sale can be cheaper.
Not equally sure for every wine. A price from dozens of shops is solid. A price from only one to three shops, or estimated from other vintages, is less certain. Very old vintages, rare wines and spirits are the most likely to be thinly listed.
What makes your value move
New price data. When we load new data from Wine Labs, prices change, even if you changed nothing.
Exchange rates. Prices are converted at the current rate.
Bottles coming and going. Adding or removing a bottle changes the total, and also moves the average used for unpriced bottles.
If a price looks wrong
Set your own price. Open the wine, tap the Market Value card, tap the bottle size, enter your price and tap Save. Tap Reset to go back to ours at any time.
Tell us. Email support@invintory.com from the address you sign in with. Include the wine and vintage, and we will check the price at its source.
Collection → tap a wine → Market Value → tap a size → Save
Next steps
Understanding individual market prices — how one wine is priced, and what each source tag means.
Understanding your total collection value — how the total on your home screen is built.
How to edit market prices — set your own price for a wine, and reset it.