Vinovest Reviews 

290
•
TrustScore 1.5 uit 5

1,6

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Beoordeeld met 1 van de 5 sterren

Feels like a scam. Impossible to sell your wines or liquidate your portfolio when you need to, value of wines are misrepresented, absurd fees are being charged when you want to ship your wines. Withdr... Toon meer

Beoordeeld met 1 van de 5 sterren

I wish I could give negative stars. I've had my entire portfolio listed for sale for over a year - no activity and no assistance from Support to even attempt to help me liquidate. My last resort was t... Toon meer

Beoordeeld met 1 van de 5 sterren

Scam at best. I haven’t been able to recoup any of the investment for years. I don’t know how they are allowed to operate. Just thankful I didn’t invest more!

Beoordeeld met 5 van de 5 sterren

I received an email with an offer to get started on investing in whiskey barrels. I made some deposits to start and wasn't sure what happens after that. Hunter responded to an email I sent and helped... Toon meer

Bedrijf heeft geantwoord

Bedrijfsgegevens

  1. Wijnkelder
  2. ook in
  3. Wijngroothandel en -importeur
  4. Wijnhandel

Geschreven door het bedrijf

Vinovest is a modern wine and whiskey investing platform that helps customers source investment grade wines, provide professional storage and custody solutions, and manage ongoing buying/selling recommendations. We have cultivated direct relationships with the most sought-after wineries and distilleries in the world. We pride ourselves on being able to source the most collectible wines in the world at the best prices.


Contactgegevens

1,6

Zeer slecht

TrustScore 1.5 uit 5

290 reviews

5 sterren
4 sterren
3 sterren
2 sterren
1 ster

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Heeft 86% van zijn negatieve reviews beantwoord

Reageert doorgaans pas na meer dan 1 maand

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1,6

Alle reviews

(290)

38 reviews in de afgelopen 12 maanden

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Beoordeeld met 5 van de 5 sterren

Great Onboarding!

Had an easy and smooth transition. The portfolio advisor made it simple and easy for me to get started. She answered all my questions timely and helped me through all the processes.

21 augustus 2025
Logo Vinovest

Antwoord van Vinovest

Hi Robert,

Thank you so much for the kind words! We're thrilled that your onboarding experience was smooth and that our portfolio advisor was able to answer all your questions.

Getting started with wine investing can feel daunting, so we work hard to make the process as clear and supportive as possible. If you ever need anything as you continue your wine investing journey, don't hesitate to reach out.

Welcome to Vinovest!

— Brent Akamine, CEO

Beoordeeld met 1 van de 5 sterren

Scam! 3 years trying, and can’t get out!

It seemed a way to diversify some spare cash - but this has turned into a nightmare that I cannot get out of. They will give you all the support in the world to put money in, and assure ‘active management’ however extracting out has been (and continues to be) impossible.

I accepted that there may be delays to sell wine, and that it is possible that values could go down (they have) this I was aware of going in.

But 3 years ago, I asked them to liquidate my portfolio at any price and to get out and they they are have been unable to sell the wine they purchased for me - yet still continue to charge ongoing management fees.

For 3 years I have been begging them to let me leave their ponzi scheme and yet it appears they won’t sell the wine and let me go…. I’m still technically a customer because I cannot get out!!!!

26 augustus 2025
Review zonder uitnodiging
Logo Vinovest

Antwoord van Vinovest

Hi Mike,

Three years trying to exit is unacceptable. I want to personally intervene here.

You asked to liquidate at any price three years ago, and you're still a customer against your will while paying fees. That's not how this should work.

Please email me directly at brent@vinovest.co with your account email. I'll review your portfolio and liquidation history myself. If we've been unable to sell your holdings for three years, we need to discuss alternative options - even if that means accepting significantly reduced prices to get you out.

I can't fix three years of frustration, but I can give you a concrete path forward.

— Brent Akamine, CEO

Beoordeeld met 1 van de 5 sterren

VINOVEST IS A SCAM!

SCAM!

I diversified a lot of my investments. Someone told me about Wine portfolios, hence why I too have a bunch of money tied up in wines. Anyway, I have the same issues. I'd say my entire portfolio is down about 39%.

Trying to sell wines results in them never being sold, or you "supposedly" get bids for them that would result in you taking a significant loss. I tried cashing in my wines....aka, absorb the loss, have them ship the wines to me so I can drink them. All of a sudden, their "System is down" to process such requests.
Then they hit you up for these management fees which suck out ANY potential gains you might have ever made.

Their customer support is terrible... to the point you feel like you want to put a fist through your monitor at how angry they make you. I just want out... I want out of their shitty scammy framework. However, I want to hold them accountable for the wines they supposedly put in my portfolio. I want to see those wines.... I want to drink them.

Anyway... for anyone considering using them. Stay clear. Its a TERRIBLE investment unless you are looking for one to dump money into and take sustained losses year over year.

13 augustus 2025
Review zonder uitnodiging
Beoordeeld met 1 van de 5 sterren

Bye Bye Investment

I have basically written off my initial investment as they won't ship me my wines (without it costing as much as my initial investment just for shipping, ironically) and their is 0 demand in their marketplace to actually sell them. Its all just a big scam folks. They lock up funds to secure high monthly fees and do everything in their power to push you off (in fact they don't even respond to me anymore- full ghost). And I am 99% sure they do not have the wine they say they do, nor actually store it. I could go on for a few hours here on all the problems I have encountered with the team over the past few years, but its not worth it...its a shame- could have been a strong company with a lock on the market in the US. But that is what greed does to certain young founders. What a shame!

2 juli 2025
Review zonder uitnodiging
Logo Vinovest

Antwoord van Vinovest

Hello John,
Thank you for taking the time to share your experience. We’re genuinely sorry to hear that your expectations haven’t been met, and we’d like to address the points in your review to provide a clearer picture for you and others reading.

First and most importantly: your wines absolutely do exist and are securely stored in globally recognized, professional wine storage facilities such as Octavian Vaults and LCB. These third-party warehouses are industry-standard and used by top wine merchants and collectors worldwide.

Regarding your statement about shipping, international wine logistics are complex and can be costly, especially when dealing with duties, tariffs, temperature-controlled handling, and consolidation across multiple warehouses. We never charge arbitrary fees—any shipping quote you receive reflects real third-party costs, and we’re always happy to explore ways to minimize those expenses.

As for wine sales: all wines listed through Vinovest are marketed to the outside fine wine trade, not just within our platform. Demand depends heavily on market conditions, maturity, and pricing. While liquidity can vary, our team continues working on your behalf to identify buyers through a broad network of global merchants and collectors.

Finally, we’re disappointed to hear you felt ignored. We make every effort to respond to support inquiries, and if you’ve been waiting on a reply, we’d like to investigate and follow up immediately. Please reach out to us directly at hello@vinovest.co with your registered account information so we can address your concerns without delay.

We understand your frustration and are here to help. While the journey in alternative investments like fine wine isn’t always smooth, we’re committed to transparency and improving our platform and services every step of the way.
Thank you again for your feedback.

Beoordeeld met 1 van de 5 sterren

Logged in to invest more money and my…

Logged in to invest more money and my wine and my money had been zero out. Would like to know who stole it as I received no wine and no money somebody has both. Would not recommend to anyone until they find my wine or my money. Never happened to in 50 years

18 juli 2025
Review zonder uitnodiging
Beoordeeld met 3 van de 5 sterren

Your investment is hard to get out of.

This is not an investment, it's a trap for your money wrapped in a good looking interface. I just happen to need to liquidate what I have in vinovest and can't wait until maturity for another 5-10 years.

I've listed the wines in my portfolio well below their estimated value and added flexible pricing. But more than 1 month later, nothing. I doubt they have a marketplace. But of course they keep charging me holding fees and asking me to add funds to my account.

Ridiculous. And to think I almost referred some friends. I'm very happy my friends were not interested when I told them I had found vinovest.

EDIT: As they mentioned in their reply, indeed my wines have been finally sold, albeit maybe because I significantly reduced their price to make sure they are sold.

1 juli 2025
Review zonder uitnodiging
Logo Vinovest

Antwoord van Vinovest

Hello Cristian,
Thank you for sharing your feedback — we understand how frustrating it can be when expectations aren’t met during the liquidation process.

To clarify, your wines were officially listed for sale in April and were made available to a broad network of external buyers. While we do everything we can to help facilitate timely sales, there is no guaranteed timeframe for when wines will sell, especially given current market conditions where buyer demand can be slower.
After further review of your account we have confirmed that all of your wines have now been sold and all proceeds are available for withdrawal.
Vinovest does not limit sales to an internal marketplace — your wines were listed across external channels and promoted to a global network of collectors, merchants, and brokers to help maximize your opportunities.
Thank you again for your time and sharing your feedback,

Beoordeeld met 1 van de 5 sterren

Vinovest is absolutely terrible

Vinovest is terrible. They made it sound like an investment platform, and that I could buy and sell wine freely. Lies. When I wanted to liquidate my wines they told me to fill out more paperwork, and held my money for over a year and I still do not the proceeds from having my wine sold.

The best part is, because they are ridiculous and terrible at their jobs, they took fees from my sale price to cover their “storage fee’s” and took hundreds of dollars off the price of my wine over the last 12+ months.

I emailed their customer service the other day and they said oh yeah it “sold yesterday”. I had not emailed them in 7 months, but coincidentally it sold the day before I emailed them. Give me a break!

I literally LOST 25% of the value of my portfolio investing with Vinovest - do NOT invest with them, they will keep your money and make interest, and return to you whenever they feel like it. Total scam.

13 juni 2025
Review zonder uitnodiging
Logo Vinovest

Antwoord van Vinovest

Hello,
Thank you for your feedback. We're sorry to hear about your frustration and want to take this opportunity to clarify a few important details regarding your account.

All of your wines have now been successfully sold, and 100% of the proceeds were returned to you as of the end of June. While we understand the experience may not have met your expectations, we want to confirm that no funds have been withheld and your account has been fully settled.

We also want to clarify that Vinovest does not charge advisory or performance fees. The fees deducted from your sale proceeds were related to storage and insurance, which are clearly disclosed and continue to apply while your wines are stored—whether they are held, listed, or awaiting sale. These fees ensure that your wines are professionally preserved until the moment of transfer or delivery.

We understand that the fine wine market operates differently from more liquid asset classes. Sales can take time, and values can fluctuate depending on market demand and maturity. That said, we’re always available to provide guidance and transparency throughout the liquidation process.
Thank you again for your feedback.

Beoordeeld met 1 van de 5 sterren

I invested 10000 euro

I invested 10000 euro. Left it for one year and most for two years. I started selling some, which took forever, lowering the price month after month, I succeeded in selling some after 6 months. It took my 1,5 years to sell my complete portfolio, ending in selling cases for half of the market value. This market at Vinovest is simply not liquid!! There is no demand.

30 mei 2025
Review zonder uitnodiging
Logo Vinovest

Antwoord van Vinovest

Hello Rene,
Thank you for sharing your experience. We understand your frustration and sincerely appreciate your patience throughout the selling process. It’s important to clarify that wines on Vinovest are sold on the external market, and as such, sales can be influenced by external demand and market conditions. This means there is no guaranteed timeframe for selling, and pricing may fluctuate based on market interest at any given point.
We've confirmed that your portfolio has been fully sold and that your funds have been returned to you.
Thank you for allowing us to manage your investment, and we wish you all the best in your future ventures.

Beoordeeld met 1 van de 5 sterren

Impossible to get money out

Impossible to get money out. Scam

20 mei 2025
Review zonder uitnodiging
Logo Vinovest

Antwoord van Vinovest

Hi Brian,
We're sorry to hear about your experience and take concerns like this very seriously. Our team is more than happy to assist, but we will need some additional details about your account to investigate and help resolve the issue.

Please reach out to us directly with your account information so we can look into this and help you as quickly as possible.
Thank you

Beoordeeld met 1 van de 5 sterren

Poor customer service

Terrible customer service and response time. It's been 6 weeks since I submitted a withdrawal request and still have not received funds.

15 mei 2025
Review zonder uitnodiging
Logo Vinovest

Antwoord van Vinovest

Hello Gyula,
Thank you for your feedback, and we’re sorry to hear about your frustration.

We can confirm that your withdrawal request was received two weeks ago . All withdrawal requests are processed within the standard timeline outlined in our FAQ, which typically occurs within a few weeks, depending on the settlement process involved.

We understand how important timely communication is, and we apologize if our updates haven’t met your expectations. If your request falls outside the expected processing window, we will absolutely investigate and prioritize resolution.

Please feel free to reach out to us directly at so we can provide a specific update on your request.

Beoordeeld met 1 van de 5 sterren

After almost a year I lost 25%…

After almost a year my investment of the, from the company choosen wine, lost 25%. After a few months U finally could sell a few bottles but only for much lower than market price. Since a few month I still waiting for the withdraw… and I almost bought a whisky cask! Keep your hands off!!!

12 mei 2025
Review zonder uitnodiging
Logo Vinovest

Antwoord van Vinovest

Hello Rick,
Thank you for your feedback—we’re truly sorry to hear about your experience and understand your frustration.

Wine is a long-term asset, and unfortunately, the broader market has seen a downturn over the past few years. While our team selects wines based on historical performance and market data, no investment is without risk—especially in periods of lower global demand and shifting buyer behavior. Choosing to sell your wines after only 1 year of investment adds to the potential risk.

Regarding your note on selling below market price: our pricing data comes from third-party sources and wines are listed on external marketplaces where actual sale prices are determined by what buyers are actively willing to pay. We never force sales below market value, but in some cases, clients choose to reduce prices in order to improve liquidity.

As for your withdrawal, we sincerely apologize if there was any delay. While most withdrawals are processed in a timely manner, occasional delays can happen due to third-party settlement times. If your withdrawal is still pending, please reach out to our support team so we can investigate and ensure this is resolved immediately.

We also appreciate your mention of the whisky cask offering—this is a separate asset class with its own unique risks and timelines, and we aim to provide full transparency before clients commit.

We’d welcome the opportunity to make this right. Please don’t hesitate to contact us directly so we can assist you further.

Beoordeeld met 1 van de 5 sterren

Wine lost value over 4 years

Wine lost value over 4 years. Management fees are awful. They charge interest if you don’t pay them on time. More importantly you can even get the wine you own.

This is the biggest waste of money I have ever seen in my life. I would report them to the SEC if you can.

4 mei 2025
Review zonder uitnodiging
Logo Vinovest

Antwoord van Vinovest

Hello Matt,
Thank you for sharing your experience—your concerns are absolutely valid, and we're sorry to hear that your investment has not met your expectations.

Wine is a long-term asset class, and its performance can vary significantly depending on broader market cycles. Over the past few years, the fine wine market—like many alternative investments—has faced headwinds due to global economic conditions, which may have impacted the performance of your portfolio. That said, we understand how frustrating it is to see your wines decline in value, and we're here to support you in navigating your options.

Regarding fees: our monthly fees cover storage, insurance, provenance verification, and account management. Interest is only charged on overdue balances, and we strive to give ample notice before doing so. That said, if there’s been any confusion or error, we’d be happy to review and discuss it directly.

We take regulatory compliance seriously and operate under all applicable laws and standards. If you feel something hasn’t been handled properly, we genuinely want to hear from you and make it right.

Please reach out to our team at any time, they are always happy to help.

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