Vinovest: Bottle your wealth

Update: July 2025. My resolve that is company is a scam has only grown. They keep charging monthly fees, and the value of my “investment” has only decreased. While inflation and the markets are at record highs. Stay away from this terrible product and platform. You will never come across a worse investment platform.

I really liked the idea of this. But now when trying to sell. It’s been almost a year and no sell and during this time they keep charging me fees. Terrible business imo

Do not invest with Vinovest. You will never see your money again. I have been trying to withdraw my funds for over a month with no luck. DO NOT DO IT. It’s not worth it.

The the value of my portfolio would decline dramatically at random times, and when I checked the individual wines within my portfolio, they were all relatively stable and I tried to reach out to Support and they were of no help and would just provide generic responses that wine prices may fluctuate and when I told them that I would escalate things if they did not respond, they just stopped responding Aalto together. Getting my money out is also been a huge hassle and I still haven’t been able to get it out and it’s going to take weeks more according to their website.

Worst decision of my life to invest with this company. I have asked multiple times for them to sell my wine and return my money. They refuse to do what I ask. If you’re thinking about doing this, please reconsider.

I was really excited about the prospect of being able to invest in wine with vinovest, but my experience has been a total nightmare. They make it extremely easy for you to deposit money and buy wine. They wines they picked for me have not only been losing money, but I also am having trouble selling them. I started the selling process 3 months ago, and 1 case has sold. Customer service has been terrible. They charge exorbitant fees, and when you try to sell your wine the bid ask spread is enormous. Wouldn’t tell my worst enemy to invest with vinovest. Seems like a Ponzi scheme to be honest.

Do not invest in wine with Vinovest unless you want to lose your money. I have had my wine for over 3 years and my dashboard shows a 20% return so far. As soon as I listed my wine for sale the return dropped to -30%…. Do not invest with this company/app unless you are looking to donate a monthly storage fee to them. They charge you a storage fee based on the “value” of your wine and then tank the value as soon as you go to sell. This means you are paying inflated fees for your wine while it is realistically worth way less!!! Such a scummy company… I can’t wait to sell my wine and take the loss and be done with them!!!! Do not make the same mistake I made!!!

Stay away from this terrible product and platform. You will never come across a worse investment platform.

As mentioned by other users, it’s difficult to get your investment back. The bid ask spreads are huge so no one is paying their theoretical market prices. Their buying power isn’t that strong resulting in mediocre purchasing price per bottle. If you want your wine they charge insane shipping fees since the storage is in the UK, for me the US it was $400+ to ship 6 bottles. No point in buying my own inventory at that point. The customer service is terrible, good luck trying to speak with a representative.

Awful experience. From the get go, app does not work well, logs you out every time. Fees are so high that any gains you see are used to cover them. I finally listed my wine for sale. Wine was put in pending sale status in February. Two and a half months later no update, no money. Customer service can’t give any timeline, just a copy and paste response. Customer service has no telephone number. TAKE YOUR INVESTMENTS ELSEWHERE.