Oh dear, reading the reviews, it is clear I am not the only one who has been totally hoodwinked by this business. It's amazing how quickly this business has gone downhill. First, I've been invested since August 2018 with Sam Mudie, who was extremely professional in all our dealings. It's now 5+ years, and the total portfolio has barely kept up with inflation. With the performance of the wine market in the last 5 years, these guys could have thrown a dart at the wine market and made money, but I must be unlucky - the portfolio is up a total of 12%?! Lol, parking it in cash almost would have returned better. Second, now, to make up for that awful performance, they've done their 2nd changing of the goalpost in as many years and raised the fees again. Great way to reward your loyal customers! Third, their service used to be professional. Now, it's non-existent. Multiple account managers have come and gone and from 2023 they don't even provide an account manager. For 2% management fees p.a. you would expect a certain level of extra service to justify those hedge fund like fees, right? Nope. Fourth, I am worried about the liquidation of the portfolio. I sold a few parcels of wine, and it took nearly 6 months to get my money back - that's just a few thousand - imagine the whole portfolio. When you do get to sell, welcome to the pain - there is no update on when the wines will sell, when you will receive the funds etc. What a great way to run a good business into the ground. Well done guys.
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Since 2007, Cult Wines has provided market-leading fine wine investment and collection management services to a global audience. Our unique analytical-based approach combined with great client service has been central to our success, which has seen us win a number of prestigious awards including the Queen's Award for Enterprise: International Trade.
