North316 wrote:Speaking of generalizations...wow.
Looking at 1 year changes in commodities and a 5 year change in unemployment lends absolutely no credence to what was being discussed (changes in wine prices due to the recession). Aside from everything else, oil prices do not directly correlate with the price of gas. Oil costs are down from last year, yet gas prices are up.
Exactly. There are multiple factors, it's not just down to the price of oil or corporate greed. Supply, demand, cost of refining/production rates of refining (remember the price raises that happened after Katrina?), etc. Not to mention that prices vary by brand, as each of the major companies tends to buy oil in bulk at the times they need it (though they try to shoot for the lowest price in that time range, of course), so what you're buying right now is likely gas made from oil that was much more expensive than the current price of oil.
Not that corporate greed or the current price of oil are irrelevant, just that they are two of many factors...
Getting back to wine and wine prices on Woot, yeah, it would be ignorant to claim that Amazon buying Woot didn't have an effect. Then again, that sale happened before I even started buying wine on here, which was, for the record, four years ago. So if you're comparing prices on wines you're still buying, chances are you're comparing two post-Amazon sale prices.
Likewise, the economy DOES have a very real effect. The height of the recession saw a huge decline in mid range wine sales, so wineries dropped their prices. They have been slowly creeping back up over time, as was stated this is just a reality of supply and demand economics--prices will always be aimed at the maximum the customer is willing to pay. Right now the mid-range wine market is stronger than it was 2010. This is just a reality--people with small disposable incomes are willing to spend right now, combined with the growth of urban wineries and smaller wineries/vineyards popping up all over the place right now.
And a third brief point--comparing prices of similar or identical wine woot sales reveals pretty fair pricing across the board, either comparable but mostly a bit more expensive (or sometimes even a bit cheaper). Which, when you factor in all the above, library aging, and the fact that businesses tend to grow (which is part of the point of selling on wine.woot in the first place, discount pricing to get your brand out there), is wayyy more than fair. Yes, it was awesome to get a Scott Harvey wine insanely cheap a couple years back, but getting one now for still pretty cheap but more than it was is in NO way a bad deal.
But ultimately, just buy what you want at the price you're willing to spend. Free all day shipping, shopping cart, or standard $5 shipping, the overall deal is pretty darned impressive, especially when you consider the price difference in buying direct (and, ungh, shipping direct)...