APW Australia Portfolio Wines

This is a discussion on APW Australia Portfolio Wines within the Brokerages forums, part of the Commercial category; Originally Posted by Kangaroostu 5 years ago I bought a small portfolio from APW. I fell for the sales pitch ...

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Old Nov 25, 2011, 1:08am   #64
 
5 Posts
Joined Nov 2011
Re: APW Australia Portfolio Wines

Quote:
Originally Posted by Kangaroostu View Post
5 years ago I bought a small portfolio from APW. I fell for the sales pitch sadly. Earlier this year I wanted to sell my collection as I needed the money and that my 5 years storage would be up in December 2011. In March I sold the better part of my collection. It represented about 30% of my totally outlay. I was not entirley happy with the price but I agreed. It took four months and countless phone calls and emails before the cheque arrived.

Now I need to sell the remainder of the collection but so far I have been unable to speak or get anyone to return my calls. My 'free' storage expires next month and I will not be paying a penny more to keep my wine.

What are my options here? I feel as though I may as well just write it off and tick another box on my idiot list. I would value your opinions though.

Cheers.
KS
If your wine is in Australia, go and pick it up from the storage place (in Sydney probably either WineArk or Wine vault). Take it to langton's auctioneers (sydney or Melb) and sell it. That is most likely what APW did with the 1st batch. These companies do not have any magic solution for your wine. All they are doing is sending it to auction and taking a fee for it! If you want to see what your wine is worth, Langtons have a section called "wine tools" and under this heading is "price guide". Values will be close to what you will get. Langtons are owned by Woolworths so 100% reputable.
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Old Nov 25, 2011, 1:16am   #65
Joined Sep 2011
Re: APW Australia Portfolio Wines and Cellarlink

Hi Guys,

Some forums have a download feature for threads but Trade2win doesn't appear to have that facility. (at least I can't find it). But I have saved the entire thread.

The quickest way to save the thread without a lot of work is as follows:

After you have logged in do the following
  1. Click on "Settings"
  2. Find "Settings and Options" (On the left of page)
  3. Click on "Edit Options"
  4. Go Down the page until you find "Thread Display Options"
  5. Under "Number of Posts to Show Per Page" set to "40" This will reduce the number of pages you have to save to 3.
  6. Save the options.

Next:
  1. Go to the APW thread
  2. Make sure you are on the first page
  3. In your browser window click on "File" (I use Firefox but it should be the same for Internet explorer
  4. In the drop down window left click on "save page as"
  5. Save the page as for example "APW-thread1"
  6. Select the next page, repeat above and name "APW-thread2"
  7. Continue for the last page.

Each page will be saved as a webpage but on your PC which you can still access though your browser even if the thread disappears.

If it does I will create a forum on my website where you can continue if you wish. What I will also do is put a copy of this thread on my website now.

Isn't the internet great a venue for all levels of people not just the big monied bullies. (Not all people who have money are bullies just the one who have who think because of this they can use it to throw their weight around) that no-one can stop.

Cheers

Wilf.

Last edited by wstaton; Nov 25, 2011 at 1:23am.
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Old Nov 25, 2011, 1:17am   #66
 
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Joined Nov 2011
Re: APW Australia Portfolio Wines

There seems to be a bit of confusion about selling your wine investment wine.

As far as I know, none of the wine investment companies have ever tried to "market" your wine.

What they do is send your wine to an auction house and take a commisison for doing this.

There is nothing stopping you from using the same auction house. This way you will get accurate estimates of what your wine is worth and you will get paid!

Langton's - Australia is owed by Woolworths and have a Sydney and Melbourne office

Langton's - Price Guide will show you what your wine is worth.

If your wine is "apparently" overseas, I would walk away from it.
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Old Nov 25, 2011, 2:16am   #67
Joined Jul 2011
cellar link

Hi wineghost,

Thanks a lot for the advise.

btw, cellar link sue some of us because we walked away from it as the wine is "apparently" overseas.

While in regard to the forwarded cellar link's email below,

1. I notified cellar link prior 24th December 2010 (and i have fully paid until end of 2010), that i want to walk away from it and told them not to charge my credit card. they still try to charge my credit card, and charge me dishonor fee (because i obviously cancelled the credit card).

2. As you can see at their email below:
- my account has been suspended (indeed i can't access my wines anymore)
- my wines no longer insured
- all wines shall be cleared at no reserve

i have no problem with number 2, as that's what i want (walk away from it). but now nearly 1 year latter, cellar link sue me and demand payment for:
- full fees including the insurance fee and portal subscription fees (i was already suspended from the portal, and they said the wine is no longer insured)
- dishonor fees (not only one, as they tried multiple times)
- interest
- filling fee
- service fee
- anything else i may missed out.

where is the justice here? Anyone has any inputs on this?

also, according to the cellar link's email, they're actually trying to sell the wines, but i've never ever received any money from cellar link.

Thank you very much.



---------------------------------------------------------------------------------------------
xxth January 2011

Dear xxx,

Cellar Link Account Name: xxx
Cellar Link Account ID: xxx
Amount Due: $xxx


We refer to our previous communication of 24th December 2010, where we informed you that we had issued the invoices below and the amount payable was due. We would like to inform you that we were unable to withdraw the amount due from your nominated credit card or bank account on the 4th January 2011 as the payment was dishonoured. Please note a $40 dishonour fee has also been applied to your account.

Invoices due:

Storage 2011, by Location (quarterly or annually as applicable to your module)
Brokerage listing fee (as applicable to your module)
Global Wine Management Portal (GWMP) subscription fee (as applicable to your module)

All of the above are available now on the Global Wine Management Portal. Once logged in, you can view the PDF invoice(s) by selecting 'my finances' and then 'statement of account'.

Please note if your account is overdue, your account is immediately suspended and therefore your wines will not be insured (Refer to clause 14.5 in Cellar Link’s Terms & Conditions) and we will not be able to process sales in your account.

Any account remaining unpaid, shall without further notice be subject to a lien on all its stock, whereby stock shall be cleared at no reserve. (Clause 12 in Cellar Link’s Terms & Conditions).

If you have paid your outstanding account before this email reaches you, please disregard this notice.

We would also like to remind you that:

Trade Sales Payments

Proceeds for sales that have occurred up until the 3lst December 2010 will be remitted commencing the 28th of January, 2011. As we remit quarterly, for sales that have occurred after the 3lst December 2010, the remittance will be received by clients in the next trade sale payout period on the 28th April 2011. At the same time that we remit the funds to our clients, an invoice will be uploaded on to your account which will detail the specifics of the sales that have been transacted on your behalf, such as the price the wine was sold for, any taxes etc.

In order that payments and debits are always made to you on time, please ensure we have up-to-date credit card and bank details on file for you.

If you have any further questions, please do not hesitate to contact our Customer Service Team on 1300 270 110 or +61 2 8622 5000 (if overseas) during office hours 9am-5pm AEST.


Yours sincerely,


Eamonn P. Egan Sig

Cellar Link Pty Ltd

Eamonn Egan
Managing Director
ABN: 45 132 635 842

Last edited by victorious; Nov 25, 2011 at 3:39am.
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Old Nov 25, 2011, 7:56am   #68
 
2 Posts
Joined Nov 2011
Re: APW Australia Portfolio Wines

Quote:
Originally Posted by wineghost View Post
If your wine is in Australia, go and pick it up from the storage place (in Sydney probably either WineArk or Wine vault). Take it to langton's auctioneers (sydney or Melb) and sell it. That is most likely what APW did with the 1st batch. These companies do not have any magic solution for your wine. All they are doing is sending it to auction and taking a fee for it! If you want to see what your wine is worth, Langtons have a section called "wine tools" and under this heading is "price guide". Values will be close to what you will get. Langtons are owned by Woolworths so 100% reputable.
No, it's in the UK. That doesn't prevent me from picking it up if only I could speak with someone to find out where/how. They don't call back or answer emails. Very frustrating.

Thanks for the response.

KS
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Old Nov 25, 2011, 9:43am   #69
 
8 Posts
Joined Nov 2011
Re: APW Australia Portfolio Wines

Quote:
Originally Posted by Kangaroostu View Post
No, it's in the UK. That doesn't prevent me from picking it up if only I could speak with someone to find out where/how. They don't call back or answer emails. Very frustrating.

Thanks for the response.

KS
Has anyone managed to retrieve some/all of their wine from the UK facility? I hadn't even considered the possibility that the wine does not exist.

Stormfront
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Old Nov 29, 2011, 7:51pm   #70
 
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Joined Nov 2011
Re: APW Australia Portfolio Wines

Welcome Vicboner.

It's coming up to the end of year when Cellar Link will hit their clients with the annual storage/module fees again. Is everyone who are going to continue paying still in Module E?

Stormfront
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