Vinovest Reviews

Vinovest

3.84
106 reviews
Great Rating
Based on 106 user experiences
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E

This site is literally

This site is literally useless and the staff is not so good They not even energetic while helping and they make you feel like they just want ur money Literally after placing an order you will be loaded with extra fees like service fees and bank fees
M

Terrible

Do not deposit your money into this company I deposited money and liquidated my account and they still have not returned the money to my account but it says on my company profile that the money was deposited I have sent numerous emails and have tried calling a lot and no one has responded I think I may have been robbed
A

I liquidated 2 months ago - still no payout

I liquidated 2 months ago - still haven t received my money back After sending 4 emails to support after maybe a week I finally heard back saying they need my bank info I fill it out the same day Get told they do payouts once a week Week goes by surprise Still don t have the money in my account Don t invest with them I work in payments and have experience in wealth management and I m just floored at how bad my experience has been with Vinovest There s no excuse for how long it takes to get in touch with someone - especially someone handling your money
S

Poor customer service

Poor customer service I deposited money and no wine was purchased however they charged me a monthly fee The annual returns are below average for an investment I requested to liquidate my portfolio and 6 weeks has passed and NO ONE has assisted No one answers the phone or returns emails
J

DO NOT RECOMMEND

If you are looking for a company that will not take your problems seriously than vinovest is the place for you I am a college student that took a break from school to work and get my feet wet with a variety of investments Safe to say vinovest has been the worst when it comes to customer service but the best at taking and losing your money I am in need of my money from vinovest and have been waiting too long to just be receiving pointless emails one after another as well as no one to pick up a simple phone call I invested 1 000 which instantly started depreciating with them but can t even receive details about my situation the best they can do is a pre-sent email At this point I am unsure when I will be getting my money back but I am for sure never going to be doing business with them EVER AGAIN
R

This company is indeed a scam

This company is indeed a scam They say they buy fine wine for you and 1 you can sell the wine at any point and 2 you can take physical possession of the wine at any time Both claims are absolutely material And both claims are false 1 In fact you cannot sell the wine at any time They will only sell the wine for you in a supposed selling window that they themselves unilaterally determine And if you want to sell outside of the selling window that they have decreed they only let you list the wine for sale on their completely illiquid platform 2 In fact you cannot get physical possession of the wine at any time I have been repeatedly contacting them to get a quote for physical delivery of the wine They simply ignore me entirely In other words this company is attempting to defraud me of thousands and thousands of dollars of fine wine This is obviously illegal and criminal and they will hear from me PS the scammers have now responded Note that they do not deny because they cannot any of the points I make They cannot deny that contrary to their lie one cannot sell the wine on the open market at any time They cannot deny that they continue obviously illegally to prevent me from taking physical possession of my wines This company is a criminal scam
J

Shady business

Truly disappointed I have been using their services since 2020 and have never had an issue because I never had a need to liquidate my investments with them They are really good and responsive when it comes to taking your money but I am encountered with nothing but silence and half answers when it comes to get my money back The valuations placed in my listings for bidding are way lower than the market ones for the bottles listed Customer service informed me that they only check their emails once a week and there is no way to get anyone on the phone Truly horrific and shady business practice I wouldn t recommend anyone to put a cent in this company you will have to go to hoops for months to even get your bottles listed
G

This company is a scam

This company is a scam I tried to liquidate my account some time ago at least a year and someone sold my wines for me which was great Then when i go to withdraw i notice there isn t a listed method to withdraw whatsoever I sent emails and complained and did not get far Finally they sent me something to fill out that once i filled out they were supposed to allow me to withdraw I filled it out and waited then they decided to just repurchase all my sold wines charge me a fee for the early liquidation and now i am stuck on this new listing method of wine listing of bids sells So far my wines are worth nearly 35 or less than what I invested This company is an absolute scam by all means NEVER USE THEM DONT GIVE THEM YOUR MONEY OR YOU WONT EVER SEE IT AGAIN I am still trying to any amount back but its nearly impossible I have been trying for months now probably over a year and all i get is a run around TERRIBLE COMPANY criminal at worst and incredibly dishonest at best
P

Impossible to withdraw my money out of the site

It was very easy to add funds and get my portfolio going but it s being impossible for me to take the money out I dont want to use the word SCAM but it seems to be the case Its been one month now that I decided to sell my portfolio and listed my wine for sell Since then I had almost no offers and the few ones I got were unbelievably LOW dont even cover the initial investment value of 2 years ago Its doesn t seem that I will be able to get my money back if it keeps like this When I got my money in they assured that it was a 3 weeks process and I could withdraw the money out It s been 1 month already no offers no money no answer Triple think before investing in this site
B

I do not recommend sending your money

I do not recommend sending your money to Vinovest I liquidated an investment months ago and have not received my cash They have stopped answering emails and I am concerned they are not going to send my investment money back

About Vinovest

It's time to invest in fine wine.

United States

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Frequently Asked Questions

Vinovest is a digital investment platform that specializes in making fine wine investing accessible. It treats high-quality wine as a tangible, alternative asset class, using technology and expert curation to allow individuals to build and manage a diversified portfolio of physical wine without needing deep prior knowledge or handling logistics like storage and authentication.

New investors start by answering questions to assess their risk tolerance and goals. Vinovest's algorithm, informed by market data and expert sommeliers, then creates a personalized portfolio of investment-grade wines. The platform handles sourcing, secure storage in insured, climate-controlled facilities, active portfolio management, and facilitates liquidity when you decide to sell, all managed through an online dashboard or mobile app.

Fine wine is considered an alternative asset class due to its historical low correlation with traditional stock markets, potentially offering a hedge during volatility. Its value can appreciate over time due to the finite supply of premium vintages, which become rarer as they mature and are consumed, driven by factors like critic scores, producer reputation, and market demand.

Wines are selected by a team of wine experts and master sommeliers employed by Vinovest. They curate investment-grade bottles based on rigorous criteria including critical scores, producer reputation, vintage quality, and prevailing market demand to construct diversified portfolios aligned with your investment profile.

All wine purchased through Vinovest is stored in insured, professionally managed, climate-controlled facilities located globally. This ensures optimal aging conditions, maintains provenance (crucial for value), and eliminates the need for personal storage, providing security and peace of mind for the investor.
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About Vinovest

Vinovest: An Introduction to Fine Wine Investing

Vinovest is a digital investment platform that specializes in making the historically exclusive world of fine wine investing accessible to a broader audience. The company operates on the principle that high-quality wine is not only a consumable luxury but also a tangible, alternative asset class with the potential for appreciation. By leveraging technology, expert curation, and professional storage, Vinovest aims to demystify the process, allowing both novice and experienced investors to build a diversified portfolio of physical wine.

How Vinovest Works

The platform simplifies a traditionally complex process into a streamlined, user-friendly experience. Investors begin by answering a series of questions to determine their risk tolerance and investment goals. Based on this profile, Vinovest's proprietary algorithm, informed by market data and expert sommeliers, constructs a personalized portfolio. This portfolio consists of bottles and cases of carefully selected wines from renowned regions like Bordeaux, Burgundy, Napa Valley, and Italy.

Key operational pillars of the service include:

  • Sourcing & Curation:A team of wine experts and master sommeliers selects investment-grade wines based on critical scores, producer reputation, vintage quality, and market demand.
  • Secure Storage:All purchased wine is immediately transferred to insured, climate-controlled facilities across the globe. This ensures provenance, optimal aging conditions, and eliminates the burden of personal storage.
  • Portfolio Management:Vinovest actively monitors the market and provides periodic rebalancing recommendations to help optimize portfolio performance.
  • Liquidity Facilitation:When an investor decides to sell, Vinovest assists by leveraging its network to find buyers, handling logistics, and ensuring a secure transaction.

The Investment Thesis for Fine Wine

Vinovest educates potential investors on the characteristics that make fine wine a unique asset. The platform highlights its historically low correlation to traditional stock markets, which can provide a hedge during economic volatility. Furthermore, the finite nature of premium wine—especially from exceptional vintages—creates a supply-and-demand dynamic that can drive value appreciation over time as the wine matures and becomes rarer. The platform provides transparency through portfolio tracking, performance analytics, and detailed insights into each holding.

Platform Accessibility and Offerings

Vinovest is designed to lower the traditional barriers to entry, such as high capital requirements and specialized knowledge. Investors can start with relatively modest minimums. The platform offers different account tiers, from managed portfolios for hands-off investors to more customized options for those wishing to be more involved in selection. All activities, from browsing the portfolio to tracking estimated value, are managed through a clean, intuitive online dashboard or mobile app.

Key Considerations for Investors

While presenting the opportunities, Vinovest also acknowledges important considerations. Fine wine investing is typically a long-term strategy, with horizons often spanning five to ten years or more. As with any alternative asset, performance is not guaranteed, and values can fluctuate based on global economic conditions, critic reviews, and collector trends. All investments are held as physical assets, and liquidity, while facilitated, may not be as immediate as selling publicly traded securities.

In summary, Vinovest positions itself as a modern gateway to the asset class of fine wine. It combines oenological expertise with financial technology to offer a structured, secure, and simplified approach to building and managing a portfolio of investment-grade wines. By handling the complexities of sourcing, authentication, storage, and sales, it allows individuals to potentially diversify their investments with an asset that has a centuries-old history of value and cultural significance.