Wednesday 12 September 2007

One bottle for £2.99 or three for a fiver?

On the way home, half an hour ago, I took two bottles of Italian white wine @ £2.99 each to the checkout in the Turkish Food Centre.

The lass at the checkout rang up £5.98 and then told me that they were three for a fiver. So I took another one and saved 98p!

Go figure.

9 comments:

Scott Freeman said...

Presumably the cost of disposing of that bottle according to EU regulations is 98p or more.

Penny Pincher said...

You certainly need to carry a pocket calculator with you round the stores, x

Mark Wadsworth said...

LT, they had a big metal basket marked "three for a fiver" which I shunned (I am not that tight fisted) and thought I'd go up-market and splash out £2.99 each for two bottles.

But it was the same stuff.

Anonymous said...

I think that that degree of price elasticity might just be there to give the punter some other kind of pricing signal...

And no, I don't think that this wine is likely to qualify as a Giffen Good...

BTW: Mark - can you drop me a mail, there's a good chap:

thepedantgeneral ATsign gmail _DOT_ com

CatWoman said...

I hope they're good. I usually can't be happy with anything less than 12 bucks (US $) a bottle.
But you're closer to Italy than I am, so I think maybe you'd get more bang for your buck or £ in your case.

Unknown said...

I am in Spain and buy reasonably good wine for a little less than an Euro per liter.

Henry North London 2.0 said...

You have a TFC too?

Arent they fab

Mark Wadsworth said...

I like Turkish shops round my way on the whole. They are clean, not too expensive and relatively friendly. TFC especially. This may not apply to other parts of London!

The Remittance Man said...

Obviously shelf space has more utility* than bottles of wine for your freindly Turk.

Now if you can work out the marginal value between empty shelf space and plonk you might make a killing. On the other hand you may just end up with half the ingredients for a massive cheese and wine party.

*Damn! I'm starting to sound like that Worstall chap :-)