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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I’m not sure I would invest again
I’m not sure I would invest again. You need to come up with capital each month for storage and unlike traditional equities there aren’t dividends. So whatever your investment stake is take the fee and multiply it by years you intend to hold. Not ideal. Not super straight forward.
Investment levels too broad and not enough perks.
Get a good dividend paying stock like SBUX and put things on auto pilot.

Antwoord van Vinovest
I appreciate the extensive information
I appreciate the extensive information, the newsletters, the detailed advice.
I'd like to see more investment opportunities for small monthly ammounts, 100-150 USD.
Also I would welcome more insights and in-depth views of different regions and producers, to better understand their evolution and the investment opportunities.

Antwoord van Vinovest
Investing with Vinovest has been easy and exciting
Investing with Vinovest has been a blast. The user experience is really easy and it has been exciting being able to invest in alternative assets. The team has also been extremely helpful in reaching out for new opportunities. I would highly recommend investing with Vinovest.

Antwoord van Vinovest
Invest only if you are ok with losing it
EDIT JUNE 2025
It's been now almost 5 years, and I can tell for sure that I lost at least 23% of the initial investment. 3 wines remain unsold.
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I've been an investor for almost 4 years now, so it's a good moment to make a review. I have always been a "managed" investor.
Vinovest concept is good. If you are willing to invest in wine, you must know it's an alternative asset, with it pros and cons. That's fine. You manage your wealth, but as a general rule, don't invest all your savings in one alternative asset. However, my issues are not related to investing in wine, which I think is cool. My concerns with this platform are about trust. Investing in the long term with a company that fails on building trust is a big bet, especially considering that you need to pay the maintainance bill (fees) for a long time before you see any profit. And fees are high for unlikely returns. For those wondering, my average wine has been for three years in my portfolio. 63% have a negative result. Overall, the portfolio market value is in slightly positive numbers, but I spent way more in comissions than won in market value.
Now, the story. At the beginning, I thought they were just starting, so I gave them some credit. Product was still basic, but I was hoping it would become stronger. However, I started loosing trust slowly. Lately, I ask myself if it's a scam or communications/management are really bad. Key information is kept in secret. Wines are stored in "world-class wine storage facilities" (no details on real facilities and, in case you are wondering "clients are not permitted to pick up their wine from our storage facilities."). Wines are sold to "a network of trusted partners and buyers". Key features are buggy (recent "price sync" for listings is a good idea with poor execution, as listing will show that such an important feature is enabled or disabled randomly), "pending sales" taking ages (while market price increases). Selling wines at market prices is impossible (so is it really a market?). Withdrawal is still an email process, but I get that, that's not the biggest issue here.
Eleven months ago I decided to give a try to selling wines, just to test the feature and have a taste of how I could exit this investment, eventually. I was hoping that the launch of the trading option will at some point converge or help in the liquidity of "managed portfolios". That is not the case. In eleven months I only sold three wines out of 14 in listing. Last sale was 6 months ago. I still don't understand how wines priced at the market level or below won't have any buyers. I get the liquidity thing, but you are supposed to be onboarding people wanting to buy, you have the trading platform, but wines won't sell. From time to time you receive extremely low offers. You could try to ship them all to your house, but this is expensive and "The process of preparing these wines for shipment is quite extensive" (more empty answers), "There is also a warehouse consolidation fee of $XXX. " (literal). At least this will open the possibility of drinking / selling on ebay. Usually, you'll receive very slow bids on your wines. I've only sell wines at net loss. Additionaly, everything pays a fee. When you sell in advance, you not only pay a fee, but are not allowed to withdraw all your funds. They discretionaly keep some for future fees.
Overall, I would say that I don't know if my wines exist for real, nothing proves that. In the meantime, you pay a monthly fee (2.85% standard, lower if you invest more). They tell the investment horizon is around 10 years. 10 years paying fees is leap of faith that will start costing 28.5% of your capital. In the meantime, I'll keep all my listings open, just in case a miracle happens. I will have a hard time recovering my investment, and at this point I know for sure the net result will be negative.

Antwoord van Vinovest
Has made collecting wine easier and the…
Has made collecting wine easier and the events offered have been great!

Antwoord van Vinovest
Vinovest makes investing in wine easy
Vinovest makes investing in wine easy (and fun) ... I have been a client since 2021 and Vinovest has been a trusted guide with a mix of people and technology. I had a call today with our portfolio advisor and he understands what is happening in the world of wine at a level that gave me comfort that we're in good hands.

Antwoord van Vinovest
My investment hasn't gone up much.
My investment hasn't gone up much.

Antwoord van Vinovest
I decided to give Vinovest a try…
I decided to give Vinovest a try because I was intrigued by the idea of diversification. I think the company presents itself well and communicates honestly and often, however, I have been disappointed in the results of my investment thus far, which is preventing me from staking any more funds into my account. I need to see better results before I am convinced this is a good long-term investment.

Antwoord van Vinovest
Vinovest is great!!!
Vinovest is great! The platform is easy to use and understand even if it is your first time trading wine. I joined with no experience in wine tasting or trading, but it didn't stop the Vinovest team from helping me get situated, and just like that I was on a roll.

Antwoord van Vinovest
Great program
If I could make a suggestion I would like options of American Whiskey. So for example, at one point you had an offering of Non-GMO, another time you offered specific type of bourbon, but regularly you sell American Whiskey barrels. As an investor and I know that Im small time compared to some of your investors but I would like an option of various types of whiskey. Other than that, I like everything that you offer and I would even be interested in investing into wine in the future. But first I want to build up my whiskey portfolio.

Antwoord van Vinovest
BEWARE Total SCAM !!
BEWARE Total SCAM !!! Everything about this company is a total lie !!!
They don’t really have any physical space or warehouse with “your” wine. They basically just virtually own wines and scam you into thinking it’s appreciating . It’s like a pyramid scheme with wine . DONT BE FOOLED - I was and that’s why I know !!! Fighting to get my wine delivered but since they don’t really have it anywhere they are claiming 9-12 weeks just to ship to me and the shipping cost quoted are more than the cost of the wine! Bottom line - they scam you into “investing” and just keep your money . No way out of it . If you ask to ship, price is resiculous and if you hold they just keep eroding the funds . TOTAL SCAM !!! Beware

Antwoord van Vinovest
I am in the research phase of investing…
I am in the research phase of investing in this company. I am reading the reviews and the responses. The responses are of concern, they seem to be cut and paste response from a generic response previously developed. They do not appear to be review specific nor do they seem to be personalized with substance and solutions that can be verified. I would like to invest in this platform but I am hesitant.

Antwoord van Vinovest
Discerning, educational, and fantastic
This company has been around for less than five years but wow! They are amazing. Great assistance for this first-timer. Beautiful and detailed descriptions for the wine(s) as well as suggested approx hold time clearly listed for each holding. Brilliant! I am so glad I found you. Many thanks for all the work done behind the scenes to make it possible for the everyday person to invest in wine, what typically is/has been reserved for few/the ultra-wealthy. Gratitude!

Antwoord van Vinovest
This is a scam. Fake values to make it look like your portfolio is appreciating
This company is complete BS. It’s essentially a Ponzi scheme. They make it look like your portfolio is appreciating but if you try to sell it you learn its BS. I’ve had mine listed for a year and haven’t gotten any offers greater than 70% of the listed value. They then charge you huge monthly fees on top of it. Stay away from this. They respond to reviews and make it sound like people are just complaining that it takes a couple of months to sell. This is also BS. Beware, they are sneaky!
I am now editing this on 1/21/2025 and still have never been able to sell wine.

Antwoord van Vinovest
Negative investment returns and dodgy business ethics
Not only is their investment strategy overly hyped and misvalued, their management fee is absurdly high. I have lost 10% of my portfolio value over the last 3 years due to the continuously falling wine value and expensive management fees eating into the non-existence product. In hindsight, I would've made 25%+ on S&P alone and Vanguard's management fee is 0.07%.
Decided to cut loss and liquidate my account 3 weeks ago and mentally prepared to take a bigger hit to sell my wines 20% below market (what they claimed to be at least) for a quick exit. It's been a month and one of the wine just wouldn't sell. Not sure if this is their tactic to not let customers cash out, because they have a term for full refund ONLY if ALL wines are sold.
I asked for a partial refund on 16 May, got their customer success team, Robyn, to help and connected my bank account to my Vinovest account and said the refund will take a week to execute and someone from accounting will make it happen. 2 weeks later, nothing, and Robyn stopped replying. This is not very confidence inspiring and absolutely not OK.
Dodgy business practice. Wondering if there are any class action lawsuits happening. If so, I will join the bandwagon if I don't get my money back by mid-June.
Invest with them if you don't like your hard-earned money.

Antwoord van Vinovest
Poor management of funds coupled with…
Poor management of funds coupled with dishonest asset valuations make for a deeply disappointing experience. What was put out as a managed account ends up being more work than it's worth when Vinovest screws up and leaves you to clean up the wreckage. Stay far away.

Antwoord van Vinovest
Lots of Hidden Fees - Avoid
I invested in Vinovest's whiskey casks and it has been a bad experience. Twice they have charged hidden fees that were not shown upfront and customer service is terrible. The purchase total on one cask showed $1,650 and the rep emailed and said that was the actually total including all fees, but then my credit card showed I was actually charged $1,699. The purchase price shown before you hit submit on your payment is not what you are ultimately charged and they don't show your true total BEFORE they charge you. Use a credit card that makes it easy to dispute charges in case it ends up costing more than you are OK with being charged. They advertised a whiskey cask that I wanted and told me it was available and to deposit the funds in my account to purchase it, then they used my money to purchase a completely different lower quality whiskey that won't earn as much, without even asking me! Your account portfolio will show purchase prices but not all the hidden fees that they are charging you. I gave them a second chance and the company proved its just a bad company.

Antwoord van Vinovest
Be care
Hey, everybody. I feel bad to say this, but it seems to me that this site has stopped cooperating with me and does not want to withdraw money.
Earlier, in January, I made a deposit and traded. In March I wanted to withdraw my funds, but problems started. Support has been silent for several weeks. At the moment I do NOT recommend this site.

Antwoord van Vinovest
Do not even touch it with a 10-foot pole
I signed up to Vinovest in Dec 2021 and this is my ongoing feedback over the past 2.5 years.
1) They will utilize all your monies to purchase the maximum amount of wine. This will leave you with very little liquid fund.
2) Thereafter, they will bill you a high % as monthly fees, thereby forcing you to top up more into your account to avoid incurring additional % as late fees.
3) The value of the wine indicated on paper is never truly the amount you will sell it at. The "last sold prices" is often much lower than even your purchase price.
4) The statement that they "typically take 6-8 weeks to find a buyer" is probably false. My wines have been listed for months and nothing is moving.
5) If you any express interest in WhiskeyVest, they will immediately take your funds to "purchase barrels", thereby locking you into a 3-5 year period where you are unable to liquidate any funds. This is done without any of your consent.
6) The website makes it easy to put your money in, but extremely hard to take it out. It is designed to frustrate you so that you give up.
7) Support is extremely minimal and hard to reach out to. In the event that they do respond, the messages are generic. Should you reply them within minutes of receipt, you will not get any further replies.
In short, this is probably a scam, and if it were a "legitimate" business, it is an unethical one designed to extract as much funds from you without returning you anything. You will definitely be poorer "investing" with them. This is a costly lesson that I rather not learn.

Antwoord van Vinovest
Vinovest is scam
Vinovest is scam. When you ask to close your account, you have to liquidate your assets but after 2 months of my wine not selling, will I ever see my money? I put in enough to buy a case with some leftover and without consultation or auto invest set up they bought another case of wine with my money. Also, I haven’t made any money but lost money so I would like to get out before I lose more money but you can’t get your money back.

Antwoord van Vinovest
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