VinovestReviews of vinovest.co

I joined Vinovest in August 2022. Nearly four years later, my portfolio is still down, with a cost basis around $1,320 and an estimated value around $1,246. The real problem is liquidity. The platform shows estimated market values, but those values do not feel like prices I can actually sell at. One of my wines is displayed at $561 current value, yet the marketplace page shows a last trade of $450, a highest bid of $260, and a lowest ask of $427. That is a huge disconnect between “estimated value” and actual market demand. Vinovest’s own help pages say selling depends on attracting a willing buyer and that they cannot guarantee a liquidation timeline. They also say fine wine and whiskey are long-term, illiquid assets. That is very different from the smooth, accessible investment experience I expected when I signed up. After years of holding, I am down overall, paying fees, and stuck with assets that are beyond difficult to sell. I would not recommend Vinovest to anyone looking for real liquidity, transparent executable pricing, or a simple alternative investment. An estimated portfolio value means very little if there is no realistic buyer near that price. They claimed to email me but I didn't recieve an email. What a joke

I cannot recommend Vinovest based on my experience. I invested expecting a long-term alternative investment, but when I decided to liquidate my account, I had to sell my holdings at a significant loss. While market performance is always a risk, what has been even more frustrating is trying to access my own money. I submitted my withdrawal request on May 23, 2026. Vinovest’s website stated withdrawals typically take 2–3 weeks, but that timeline came and went. I was later told withdrawals were delayed because the company was implementing a new payment processing system. I promptly provided all of the additional banking information they requested for a manual wire transfer. I was then told my wire would be processed, and my Vinovest account even showed the funds as withdrawn as of 6/29/2026. Despite that, the money never arrived in my bank account. Weeks after initiating the withdrawal, I still have not received my funds or a wire trace number confirming the transfer was actually sent. Customers should not be prevented from accessing their own money because of a company’s internal operational issues. Having to realize a substantial investment loss is difficult enough. Not being able to receive the remaining proceeds after waiting well beyond the company’s stated withdrawal timeframe is unacceptable. I have now filed a complaint with the California Department of Financial Protection and Innovation in hopes of getting this matter resolved. EDIT Re: business reply. This is the same response I’ve been hearing from their Customer Service for 2 weeks. I don’t expect to receive an update anytime soon.

Unfortunately, I am very concerned this is a scam since my money cannot be withdrawn despite me being a customer with them for 5 years. They charge absurd fees. They do not stand by their product. Do not invest with them. You will not see your money. It actually says over 5 years I have a loss. How is that possible? I sent multiple emails about withdrawing my money.

Just a scam. Don't invest. They won't sell and force you to put more cash in for management fees.

Easy to get in, impossible to get out. Your wines won’t sell. I requested a withdrawal 52 days ago and still haven’t received a cent—while they hide behind excuses about “withdrawal system glitches.” Unacceptable.

Assets losing value, now theyre charging a storage fee. My withdrawal never showed up on my bank statement. Do not recommend.

Avoid this company at all costs I’ve never seen a company employ more scummy and poor business practices than this company. They will hold your money for years and then when they finally becomes available, they will they will tell you fake transfers have been initiated and still not sending you your money until you follow up a week later when you do not receive your money and then instead of the transfer taking three days, it will take three weeks. It will take three weeks no bank transferring the world takes three weeks they just do not have your money available even after you’ve sold it this is some type of giant Ponzi scheme or something, but avoid this at all costs

Stay as far away from this company as possible. After being an investor on their platform for years and seeing negative returns, I decided to sell my entire portfolio. I initiated that process in June 2025. It's now April 2026 and they haven't been able to sell even half of the total portfolio and those that they have sold have been at a significant loss. During this whole time, I am still being charged for their monthly storage fee and additional fees for "early liquidation." The shady practices of this business make me believe that they never even purchased the wine they said in the first place so I requested to have one of the cases shipped to me. They advertise how easy it is to do so. I can tell you from first hand experience, it is anything but easy. I've been emailing back and forth just to get a shipping quote. Still nothing finalized. From their initial estimates, it looks like to ship a $225 case of wine that it will cost me $250 in shipping, 10% fuel fee (whatever that means), an "early liquidation fee," and taxes on top of that. And shipping will take an additional 3-4 months because they need to make sure the bottles are in "pristine condition." This whole company is a complete fraud. Stay away