I invested £10,000 with Cult Wines expecting professional portfolio management and investment expertise. Instead, the service declined into aggressive sales pitches for en primeur and cases – behaving more like a wine merchant than an investment manager.
Cult Wines repeatedly changed its fee structures, always to the investor’s disadvantage. What began as a 15% one-time entry fee evolved into recurring annual management charges, unilaterally imposed despite the absence of any real portfolio management.
Communication was poor both before and after liquidation. Emails unanswered, calls inconclusive; after requesting liquidation, it deteriorated into made up excuses and lies just to keep you waiting.
The liquidation process
- Liquidation offers far below the portfolio’s declared market prices.
- The market price was unjustifiably inflated, while the highest bid – the real market reference – was often much lower and far apart, with no transparency on their valuation basis.
- Proceeds frozen on the platform, no clear payout policy.
- Even after the promised 90-day payout, my funds have still not been released.
This shows a pattern of lack of transparency, misleading valuations, delayed payments, and unprofessional practices.
Strongly advise avoiding Cult Wines.
Claim your business profile now and gain access to all features and respond to customer reviews.
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.
