diff --git a/addons/product/pricelist.py b/addons/product/pricelist.py
index 705844abae2..2396c56df34 100644
--- a/addons/product/pricelist.py
+++ b/addons/product/pricelist.py
@@ -376,11 +376,20 @@ class product_pricelist_item(osv.osv):
         result.append((-2, _('Supplier Prices on the product form')))
         return result
 
+    def _default_get(self, cr, uid, fields, context=None):
+        result = self._price_field_get(cr,uid,context)
+        if fields.get('type') == 'purchase':
+            base_value = [item for item in result if 'Cost Price' in item]
+            return base_value[0]
+        else:
+            base_value = [item for item in result if 'Public Price' in item]
+            return base_value[0]
+
     _name = "product.pricelist.item"
     _description = "Pricelist item"
     _order = "sequence, min_quantity desc"
     _defaults = {
-        'base': lambda *a: 1,
+        'base': _default_get,
         'min_quantity': lambda *a: 0,
         'sequence': lambda *a: 5,
         'price_discount': lambda *a: 0,
diff --git a/addons/product/pricelist_view.xml b/addons/product/pricelist_view.xml
index a1b996b891b..784a14228d5 100644
--- a/addons/product/pricelist_view.xml
+++ b/addons/product/pricelist_view.xml
@@ -152,7 +152,7 @@
                         <field name="currency_id" groups="base.group_multi_currency"/>
                         <field name="company_id" groups="base.group_multi_company" widget="selection"/>
                     </group>
-                    <field name="version_id">
+                    <field name="version_id" context="{'type':type}">
                         <form string="Pricelist Version" version="7.0">
                             <group col="4">
                                 <field name="name"/>
@@ -160,7 +160,7 @@
                                 <field name="date_start"/>
                                 <field name="date_end"/>
                             </group>
-                            <field name="items_id"/>
+                            <field name="items_id" context="{'type':type}"/>
                         </form>
                         <tree string="Pricelist Version">
                             <field name="name"/>