VINDEX - formerly Wine Prices
Detailed App Info:
Application Description
VINDEX™ is the most accurate worldwide source for real-time collectable wine prices.
THE ALGORITHM
The algorithm behind the VINDEX™ uses actual transaction data, updated daily, from every major auction house (Christies, Sothebys, Zachy’s, Acker-Merrall, etc.) as well as real-time sales data from the Vinfolio Marketplace, where over 7,000 bottles are bought and sold by collectors every month. (Note: Auction hammer prices are marked up by 20% to reflect average buyer’s premium.)
WHY IS IT BETTER THAN JUST LOOKING AT RETAIL PRICES?
Importantly, the VINDEX™ algorithm does not place large importance on retail listings as they represent asking prices – not actual sales or hammer prices - and also because bottle condition and provenance can vary so greatly between retailers. (VINDEX™ prices assume bottles in excellent condition with impeccable provenance.)
DOES EVERY WINE HAVE A VINDEX™ VALUE?
No, for two primary reasons: (1) The VINDEX™ is focused exclusively on “collectable” or “investment-grade” wines. So while we draw from the largest database of verified collectable wines in the world, we don’t list every one produced. (2) We only show a VINDEX™ price when there is sufficient depth and breadth of recent transaction data to support it. Rare or unusual bottles that don’t have sufficient data will not show a VINDEX™ price.
WHO CREATED THE VINDEX™?
Trusted by industry leaders, the trade, and collectors alike, the VINDEX™ was created by a team of world class engineers at Vinfolio and is based on over 7 years of proprietary auction and sales data.
THE ALGORITHM
The algorithm behind the VINDEX™ uses actual transaction data, updated daily, from every major auction house (Christies, Sothebys, Zachy’s, Acker-Merrall, etc.) as well as real-time sales data from the Vinfolio Marketplace, where over 7,000 bottles are bought and sold by collectors every month. (Note: Auction hammer prices are marked up by 20% to reflect average buyer’s premium.)
WHY IS IT BETTER THAN JUST LOOKING AT RETAIL PRICES?
Importantly, the VINDEX™ algorithm does not place large importance on retail listings as they represent asking prices – not actual sales or hammer prices - and also because bottle condition and provenance can vary so greatly between retailers. (VINDEX™ prices assume bottles in excellent condition with impeccable provenance.)
DOES EVERY WINE HAVE A VINDEX™ VALUE?
No, for two primary reasons: (1) The VINDEX™ is focused exclusively on “collectable” or “investment-grade” wines. So while we draw from the largest database of verified collectable wines in the world, we don’t list every one produced. (2) We only show a VINDEX™ price when there is sufficient depth and breadth of recent transaction data to support it. Rare or unusual bottles that don’t have sufficient data will not show a VINDEX™ price.
WHO CREATED THE VINDEX™?
Trusted by industry leaders, the trade, and collectors alike, the VINDEX™ was created by a team of world class engineers at Vinfolio and is based on over 7 years of proprietary auction and sales data.
Requirements
Your mobile device must have at least 1.37 MB of space to download and install VINDEX - formerly Wine Prices app. VINDEX - formerly Wine Prices was updated to a new version. Purchase this version for $0.00
If you have any problems with installation or in-app purchase, found bugs, questions, comments about this application, you can visit the official website of Vinfolio at http://www.vinfolio.com.
Copyright © Vinfolio, Inc.
