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
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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
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!
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
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
9900 Culver Blvd, 90232, Culver City, Verenigde Staten
- 9494158730
- anthony@vinovest.co
- vinovest.co
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Heeft 86% van zijn negatieve reviews beantwoord
Reageert doorgaans pas na meer dan 1 maand
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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.

Antwoord van Vinovest
Very pleased with the transparency and…
Very pleased with the transparency and no pressure approach of their advisors. Readily answered all my questions in detail. I’m delighted to share this opportunity to invest with Vinovest!!!
Vinovest has been incredible to work…
Vinovest has been incredible to work with! I wanted to learn more about investing in this unique space and the onboarding was clear and simple.
Great tasting
Great tasting, great selections, would love to do a tasting+dinner next time around.
Should be illegal
Absolute scam. Watch out for storage costs too.
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!!!!

Antwoord van Vinovest
I was misled by false reviews and…
I was misled by false reviews and nearly lost everything. I owe everything to those in the bio who stepped in when I needed it most.
Stay Away, It's a Grift
They engage in false advertising on their yields, & the fees are BS. This operation hasn't scaled for a reason.
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.
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!

Antwoord van Vinovest
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
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.

Antwoord van Vinovest
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.

Antwoord van Vinovest
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.

Antwoord van Vinovest

Antwoord van Vinovest
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.

Antwoord van Vinovest
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!!!

Antwoord van Vinovest
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.

Antwoord van Vinovest
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