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InVintory Help

The difference between market price and purchase price

Market price is the typical shop price for a bottle today, before sales tax. Purchase price is what you actually paid for it. We never fill in a purchase price from market data, and the two never stand in for each other.

Side by side

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Market price Purchase price
What it is The middle of what shops around the world ask for a bottle of this wine, in this format, right now, before sales tax. Not what you would get if you sold it. What this particular bottle cost you.
Who supplies it Our pricing partners, with our own estimate where they have none. Every price carries a source tag — tap it to see where that one came from. You can override it with your own. You — typed in, or read from a receipt or import you add. It stays blank until then.
Currency Shown in your base currency, converted at today’s rate. Kept in the currency you paid in, alongside the purchase date.
Where you set it On the wine’s page, under the market value. On the bottle, beside the purchase date and source.
What it totals into Market value for the collection and for each storage. Total Purchase Value for the collection, and a purchase price for each storage.

Using them together

Section titled “Using them together”

Comparing the two tells you how a purchase went. A purchase price below the market value means you paid less than a typical shop charges today. Keep in mind that the market price leaves out sales tax, while what you paid usually included it.

The market value of your collection also gives a rough idea of what it might cost to replace your bottles at typical shop prices today. It is a guide only, not a professional valuation — for insurance, get a professional valuation.

Neither one fills in for the other

Section titled “Neither one fills in for the other”

Worth being clear about, because it is easy to assume otherwise. A wine we have no market price for is not valued at what you paid for it — it is valued at the average market price across your collection, or left out of the total if you switch off Estimate unpriced bottles. And entering a purchase price never changes a wine’s market price, or the other way round. They are two independent numbers on the same bottle, and they add up to two independent totals.

Why currency is handled differently

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A purchase price is a historical fact, so we convert each bottle at the exchange rate on its own purchase date. Your total purchase value therefore stays put as rates move. A market price is a price today, so it is converted at today’s rate — which is one reason your collection value shifts on its own.

To set your own market price

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  1. Open the wine from your Collection.
  2. Tap the market value at the top of the page.
  3. Tap Set custom market value and enter your figure.

Your price then replaces ours everywhere, including in your collection total.

Collection → a wine → market value → Set custom market value

Next steps

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