Empowering Collectors to be Investors
The Challenge of Wine Name Matching
I stepped back from making blog posts for several years, but only because I was digging even deeper into wine analytics. Years of effort are paying off, so that AuctionForecast is about to relaunch our database. We now have about 4.4 million auctions covering mostly vintage wines, but also expanded to non-vintage champagne, liquors, and other. The hardest part of this expansion has been in aligning wine names. You might think that Large Language Models would make this problem go away...
Read more | 0 commentsThe Analytics Before the Forecasts
Recently we were invited to speak at an analytics conference. Not necessarily wine analytics. Rather, the audience were statisticians and data scientists from all fields, both academic and business. The conference was the SAS Global Forum, a huge event with thousands of attendees, so being invited to speak was quite an honor. Who knew they were going to record it. For a data scientist's view of wine forecast, here is our presentation: Above: Dr. Breeden presenting on wine analytics at SAS Gl...
Read more | 0 commentsIf you're wondering about bitcoin, read this insight from wine investing
By Joseph L. Breeden and Sisi Liang, Bitcoin is a fascinating concept, attempting to solve many vexing problems, but it is currently a poor currency. This was the conclusion of an expert panel at the World Economics Forum this year in Davos, Switzerland. The panelists are all luminaries in finance and economics. They were not, however, Bitcoin millionaires. That might cause some Bitcoin enthusiasts to dismiss their complaints, but they made some good points, and some of those points relate to o...
Read more | 0 commentsWhat Do Credit Cards And Wine Have In Common?
By Sisi Liang, I believe in connecting seemingly unrelated ideas. I believe that some of the most profound breakthroughs come from seeing commonality among completely unrelated things. I believe that synthesizing and making this kind of connection is fundamentally human. And it’s one of the things that give me the most joy. What do James Joyce’s Ulysses and Finnegans Wake have in common with real analysis and abstract algebra in mathematics? They both taught me how ...
Read more | 0 commentsAuctionForecast called the wine market bottom in 2015, and NBC News carried it
In 2015, analyzing market trends and fundamentals, we published our view that the wine market was due for a turn. NBC News picked up the story, putting a time stamp to our predictions, which proved to be quite prescient. https://www.nbcnews.com/business/markets/wine-investing-way-drown-market-sorrows-n424411
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