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!!!
Reply from 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.