What's your average spend per Champagne bottle in your collection?

WINE TALK
41

Yeah, I wouldn’t divulge specifics either.

Because it’s personally embarrassing how much of my income I spend on Champagne. Basically, I wouldn’t be out of place from Hogarth’s A Rake’s Progress.

42

I’m over $100/bottle and I’ve got close to 50 bottles. I will also share that well over a case is closer to the $50-$65 price range.

43

Exactly. If for no other reason than the assumptions and judgment. It’s telling that no one with truly a lot of expensive champagne would be that specific in their answers.

44

I’m really new to Champagne, and hitting it hard, so I’m in a learning process. I’m drinking a ton in the $30-$50 range and then I’m just barely touching the $125-$175 mark with the teeniest part of my pinky.

45

champagne.gif champagne.gif All I will say is that I happened to be in CT and the number surprised me. flirtysmile

46

#ballinblind? [berserker.gif]

47

Or people just don’t care what others think, even if it’s negative.

+$100 is a very huge range to be in. It could be $101. Could be $500. Knowing a bottle count means nothing.

48

Median is going to be a “truer” descriptive statistic if your distribution is skewed by a few bottles of Krug or Salon. Given the response her suggesting somewhat bimodal or skewed distributions, median isn’t a bad descriptive statistic.

49

Mean is the right statistic if you are asking about your average dollar spend on champagne. If two thirds of my collection is $20 bottles of Heidsick and the other third is $500 bottles of aged Krug, it would be wildly misleading to say that my average spend is $20, just because that happens to be the median bottle.

50

I would prefer a trimmed mean. Just messing with you guys! [cheers.gif]

51

$66 and most of my collection is grower champagne which I really enjoy and where I find the best value.

52

If folks are interested in distributions of spend, all of you using CT (not me) who don’t mind laying out your spend could dump your data to Excel and create a histogram image to post with all basic stats to post — mean, median, standard deviation, skewness — in about 5 minutes.

I don’t record my spend or use CT so no idea of an average personally. I top out about $200 now ($220 is most I’ve ever spent) but happier between $35-70. Also any numbers I came up with for my collection would be significantly affected by inflation and price trends - hard to unpack.

53

True, but it also wouldn’t tell us much to know that your average spend was $180. Neither mean nor median shows much when distributions are non-normal, as your hypothetical is. I suspect however that a decent number of people have a skewed distribution with a long tail on the high end, which is why I suggested a median figure might give a better impression.

54

Mediators, please move this thread to the Statistics Forum… [wink.gif]

55

Now, let’s not be mean.

56

$92/bottle across 60 bottles. That goes to $79/bottle across 80 bottles if you look at all sparklers.

57

It was kindly by WB standards!

Cheers

Warren

58

I answered based upon what I feel like I spend, not any actual analysis :slight_smile:

I do have a bimodal distribution on Champagne spend, so probably have an average that is in between the two poles and an actual price point I never buy at.

fred

59

I agree. A standard deviation. Kinder than 68% of WB criticisms.

60

I’m $28 across 110 bottles, with the majority of buying being at cellar door which changes the context significantly. I am quite surprised how many are in the $50-100 range - this has always been a bit of a dead spot for me where the value start to run out but you rarely get the quality of $100+ bottles. As such my ownership pegs both ends of that spectrum but almost nothing in the middle.