APW Australia Portfolio Wines

This is a discussion on APW Australia Portfolio Wines within the Brokerages forums, part of the Commercial category; A year has passed since my last "primer" for CellarLink customers, and Private Messages have been disabled since then, so ...

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Old Dec 11, 2012, 10:38am   #151
 
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Joined Dec 2011
Re: APW Australia Portfolio Wines

A year has passed since my last "primer" for CellarLink customers, and Private Messages have been disabled since then, so here's a redacted re-post:
============================================

CellarLink do have real stocks of wine. Tons of them. They are indeed in LCB Glasgow. If you have wine stored on your behalf there, you want to move them to a different UK storage facility, but don't know where to go, I'd recommend LCB's own service at Vinotheque (Welcome To Vinotheque) or the Locke-King Vaults at EHD (EHD London No.1 Bond - bonded wine warehouse and distribution company).

The Australian wine market in Europe is indeed really, really bad. If I were personally were try to sell the same bottles and maximise value (which I am not), I would probably use a UK online wine auction like Bid for Wine (Bid for Wine :: Online Wine Auctions :: Fine Wine, Rare Wine, Bin Ends and Vintage Wine. Buy wine from and sell wine directly to other users.) *for disclosure, this is run by an old University friend of mine.

Alternatively, some people posting on this thread have in the past used private message (no longer available) to ask me to help by just "buying them out" of their wine 'portfolio'. It can be done and I have done it, drop me an email at ozwine@alex.me.uk if you'd like help.

CellarLink are indeed difficult to deal with. I think I am their largest UK customer, or certainly amongst them. From personal experience I have emailed them regarding orders, delivery logistics, etc and received no reply and my requests were not actioned; but of course as a "member" I've been given the chance to buy some fabulous wine: as the saying goes: "one man's misfortune,..." My interactions with them have ranged from very friendly to not so friendly at all. The business model has some inherent tensions and as part of that I think customer service has ended up a lower priority than many other businesses; they have a Gordian-Knot problem which is that the wine their clients have most of, is also the stuff hardest to sell.

Best,
Alex W.
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Old Dec 12, 2012, 5:27am   #152
 
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Joined Dec 2012
Re: APW Australia Portfolio Wines

Quote:
Originally Posted by simco View Post
Would agree stay well away from APW which is now Cellarlink!! Run by the same person who we will call EE.

I refused to pay storage fees as they were jacking up annual fees and storage fees to a point that was greater than wine value. They sold enough of my wine to cover my outstanding fees including $40 per month direct debit refusal, then sold the remaining wines to themselves at $1 per bottle.

It was amazing how quickly they were able to sell the wine when they were owed money as they went close to 3 years without selling a bottle.

Stay well away from APW & Cellarlink. Better places on the internet to purchase wines!
Consider yourself very lucky to have such an easy exit. If you read more on the thread until last year cellar link is failing to sell the wines, not even with unpaid storage fees. There is even someone who hasn't paid for over 3 years and cellar link still didn't sell the wines and sue him forcing him to pay for the debt. Cellar link only options was releasing the wines or destroying the wines. Both are very costly options for anyone not living in UK and having the wines stored in UK. Check the approximate cost here:
http://www.trade2win.com/boards/dire...ml#post1749898

Thanks a lot to this forum and everyone who has the courage going to court against cellar link, so we all can have an easier exit now

Also thanks a lot to alexwuk for providing more exit options.

Last edited by winecellar; Dec 12, 2012 at 4:29pm.
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Old Jan 16, 2013, 8:30pm   #153
 
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Re: APW Australia Portfolio Wines

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Originally Posted by Windystu View Post
I invested nearly £5000 with two purchases. I had to keep ringing them and even went to ther office in London. They make big promises and can't deliver. I eventually refused to pay any more cellar charges and transferred all my collections to "Bid or wine" they have managed to sell 75% of my collection and recovered about 70% of my investment so far in less than a year. I can highly recommend them. Money gets transferred to your account quickly and they only charge listing fees which are pretty small. The other company I'm looking at is Farr Vintners who "may" buy your wine off you at current prices -20%. So some return if not all. At least it's something.

Good luck
Hi - Late comer to this unfortunate party, but at least feel there is at least some light at the end of the tunnel gven your posting. Could you provide a little more insight into what process you followed to get the assetts clear of APW and then how you worked with Bid for Wine?

here's hoping.

Br.
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Old May 16, 2013, 9:54am   #154
 
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Re: cellar link

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Originally Posted by pboyles View Post
You do realise that these attempts at online reputation management rarely work.
Eamonn Egan is a complete ******! I My daughter goes to the gymnastics club in the same complex in Lane Cove West and heard him swearing and carrying on at a young girl trying to direct children, traffic and parking - she was so busy but he was busy telling her what she was doing wrong and didn't help at all!!! He was yelling at people in cars all over the place !!! - for what?! I felt very sorry for all that was involved. Grow up - you never know who's around.

Last edited by Tia Maria; May 16, 2013 at 10:10am.
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Old Sep 24, 2013, 1:56pm   #155
Joined Oct 2010
a p w misselling

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Originally Posted by warregui View Post
This company cold call potential clients with promises of annual gains on a portfolio of wine of up to 20%.

They base their pitch on the premise that it is only possible to produce a finite amount of fine wine i.e. 15,000 cases may be typical.

The fact that some of this fine wine is consumed ensures that the diminshing balance will increase in value ( true for some world renowned vintages - Grand Crus etc).

Does any one have experience of dealing with this company and if so what is your opinion?
terrible company they sell you wines and leave them in storage indefinitely and send you a bill for storage.why should this company get away with false promises and cold calling and no update on your wines
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Old Oct 5, 2013, 7:28am   #156
 
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Joined Oct 2013
Hi
I recently brought my wine out of LCB away from Cellarlink and transported it back to Oz to stop the money drain. You need to know the tax rules at both ends but if it leaves Uk it does not get taxed by them! Customs on this end tax you on the current value NOT the price you paid for it. Its not that hard nor expensive. The secret is you are 'returning Ozie goods to OZ'..not importing them. You must sell your wine to a retailer..not you! Wholesale prices are still better than trying to sell in UK.
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Old Feb 12, 2014, 11:17am   #157
 
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Quote:
Originally Posted by chestnuthill View Post
Hi
I recently brought my wine out of LCB away from Cellarlink and transported it back to Oz to stop the money drain. You need to know the tax rules at both ends but if it leaves Uk it does not get taxed by them! Customs on this end tax you on the current value NOT the price you paid for it. Its not that hard nor expensive. The secret is you are 'returning Ozie goods to OZ'..not importing them. You must sell your wine to a retailer..not you! Wholesale prices are still better than trying to sell in UK.
Thanks for reporting that success, Cellarlink are rapacious in their demands, and I am glad it is possible to outflank them. Can you share how you did it ?
Thanks
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Old Mar 6, 2014, 6:04am   #158
 
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Joined Feb 2008
Hey everyone - I have seen cellarlink's .co.uk website. It seems you can buy wine from them at some good prices and they simply deliver it to your door. So, Im not sure why so many of you have a problem with your wines being stuck in expensive storage? What am I missing here?
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Old Feb 3, 2016, 8:02pm   #159
 
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Joined Feb 2016
Cellarlink demanding payment of annual marketing fees/Global Wine Portfolio access

HI there,

I'm wondering if you can help me. I have had wine stored with APW which then became Cellarlink. I bought the wines when I lived in Australia, but I moved to the UK in 2007. I was advised on the imminent invoice on 7/1/2016, to which I replied on 10/1/2016 to say that I wish to remove my wine from Cellarlink.
However they insist that I pay them for the annual marketing Fee and access to the Global Wine Portfolio, because I did not inform them 5 business days before 31/12/2015. These are services they can turn off at the click of a button, so I am refusing to pay the annual fee and will only pay for storage fees until I can arrange to have my wines shipped to me in London. So they will not release my wines until I pay these (unfair) fees. Are you able to advise the best course of action so that I and my wine can be re-united in the UK?
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Old May 4, 2016, 2:11pm   #160
 
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Wine disposal?

Quote:
Originally Posted by alexwuk View Post
Having read a little more, I can add the following:

Tax. Britain has two taxes on wine. One is a fixed price per bottle (duty) and is around £1.80 per bottle. The other is VAT and is a percentage of the sale price (20pct) if the sale price is low, therefore the tax is low...

Wine can be sold In Bond and therefore free of tax, provided the buyer has a professional storage facility (most serious ones do).

Thinking about this a little more, if anyone is being charged storage and just wants a disposal, feel free to contact me and I can see if I can bid for the wine on a tax free basis. Again, remember I'm by definition conflicted in that case as my interests would be for a low sale price. Caveat vendor, but maybe I can help some people out. I'm probably one the five biggest cellar link buyers in the UK. Having read this thread, im not feeling so great about that right now.

Best,
Alex
Hello Alex,

Just saw this thread, I realise we are a few years down the track, but perhaps you could help, if still in the business.

We are having misgivings about our Cellar Link holdings, and would like to get out. Having read these threads we are feeling somewhat foolish about our so called "investment".

Here is our list of wine - perhaps you would be interested in buying them?

Thanks in advance,

Jo & Bob.
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Old Aug 31, 2016, 8:41am   #161
 
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Joined Aug 2016
APW Director, Frederick Uche Achom Convicted at Southwark Crown Court.

Source: Financial Times (August 4 2016)

An entrepreneur once described as “one of the 1,000 most influential Londoners” was spared jail last week for running a fine wine investment company while banned. Frederick Uche Achom, 42 acted as manager of APW Asset Management after he was disqualified from holding UK directorship back in July 2002. He appeared at Southward Crown Court to admit being in breach of his disqualification order and was handed a six-month suspended sentence. Mr Achom must now pay almost £1m of his profits to the court within three months, or face up to five years in prison.
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Old Aug 31, 2016, 11:30am   #162
 
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Aussie wine tastes like rat's pee anyway !

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Old Feb 23, 2017, 4:12pm   #163
Joined Oct 2010
the rogue tradesman

Quote:
Originally Posted by Eva Braun View Post
APW Director, Frederick Uche Achom Convicted at Southwark Crown Court.

Source: Financial Times (August 4 2016)

An entrepreneur once described as “one of the 1,000 most influential Londoners” was spared jail last week for running a fine wine investment company while banned. Frederick Uche Achom, 42 acted as manager of APW Asset Management after he was disqualified from holding UK directorship back in July 2002. He appeared at Southward Crown Court to admit being in breach of his disqualification order and was handed a six-month suspended sentence. Mr Achom must now pay almost £1m of his profits to the court within three months, or face up to five years in prison.
no wonder apw are in liquidation I hope he has not the money to pay
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