CellarTracker is a fantastic tool for wine enthusiasts who want to keep track of their wine collection and stay up-to-date with the current market value of their cellar. As an avid wine lover and sommelier, I have personally used CellarTracker and found it to be a valuable resource.
One of the key features of CellarTracker is the ability to track the market value of your cellar. This is different from simply keeping track of the purchase price or acquisition cost of your wines. CellarTracker allows you to input the current market value of each wine in your collection, which can be useful for insurance purposes or if you simply want to keep tabs on how your wines are appreciating over time.
To get started with CellarTracker, you first need to create an account on their website. Once you have logged in, you can start adding wines to your virtual cellar. You have the option to manually input the details of each wine, including the producer, vintage, region, and any other relevant information. Alternatively, you can use CellarTracker's extensive database to search for the wine and select it from there, which saves you time and ensures accuracy.
Once you have added your wines to your cellar, you can then input the purchase price for each bottle. This is an important step as it allows CellarTracker to calculate the appreciation in value over time. However, it's worth noting that the purchase price is not publicly visible to other users, so your privacy is maintained.
Now comes the interesting part – tracking the market value of your cellar. CellarTracker has a feature called “Market Information” that provides up-to-date pricing data for a wide range of wines. This data is sourced from various wine merchants and retailers, ensuring its accuracy and reliability. By regularly updating the market value of your wines, you can keep track of how your collection is performing in terms of value.
It's important to keep in mind that the market value of wines can fluctuate based on various factors such as supply and demand, vintage quality, and critical acclaim. Therefore, the market value provided by CellarTracker should be seen as an estimate rather than an absolute value. However, it still gives you a good idea of the potential worth of your collection.
In addition to tracking market value, CellarTracker also offers a wealth of other features. You can rate and review wines, keep tasting notes, and even interact with other users in the CellarTracker community. This creates a sense of camaraderie among wine lovers and allows you to learn from and share experiences with fellow enthusiasts.
CellarTracker is a powerful tool for wine collectors who want to keep tabs on the market value of their cellar. It provides an easy and intuitive way to track and manage your collection, while also offering a wealth of additional features to enhance your wine journey. Whether you're a casual wine drinker or a serious collector, CellarTracker is definitely worth exploring.