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 emm Wine is not a good long term investment at the moment, and has not been for ...

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Old Mar 16, 2010, 11:16am   #11
 
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Re: APW Australia Portfolio Wines

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Originally Posted by emm View Post
Wine is not a good long term investment at the moment, and has not been for some time, not improving either.
really ?
I challenge both statements


herewith attached the Liv-Ex 100 chart which tracks the index of top Bordeaux sold at auction
http://www.liv-ex.com
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liv_ex100.png  
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Old Jan 22, 2011, 12:41pm   #12
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Re: APW Australia Portfolio Wines

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Originally Posted by emm View Post
Whatever you do do get involved with them, google them and you will find out more. I am trying to help some unhappy investors who got totally ripped off by them.

Wine is not a good long term investment at the moment, and has not been for some time, not improving either.

Emm
i have bought a lot of wine from apw nearly five years ago now i want to sell my contact has left the company and they have gone quiet when they were selling i had problems trying to get rid of them it looks like i have once again been robbed as i will have to pay storage fees once the five years have elapsed. any one else with same experience
nev nevillewest@hotmail.co.uk
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Old Jan 22, 2011, 2:01pm   #13
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Re: APW Australia Portfolio Wines

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Originally Posted by errorman View Post
i have bought a lot of wine from apw nearly five years ago now i want to sell my contact has left the company and they have gone quiet when they were selling i had problems trying to get rid of them it looks like i have once again been robbed as i will have to pay storage fees once the five years have elapsed. any one else with same experience
nev nevillewest@hotmail.co.uk
Nev,

To be honest this may well be a complete scam. I have found a number of links between people involved with APW and previous drinks related frauds. There's no way you should part with more money for storage or anything else. It seems this sort of scam has been going since the late 90s with some people involved doing a few years in prison from 2001. If you read these links you'll see the similarities between them all.

http://www.independent.co.uk/news/uk...am-688704.html

http://whiskyscam.co.uk/page20.html
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Old Feb 2, 2011, 3:53pm   #14
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Re: APW Australia Portfolio Wines

hallo stewart and judy i am dissappointed to hear you have been ripped off by apw you are not the only one because it is not until you want your wines sold you realise there is a serious problem with the honourability of this company it cannot be legal to charge you another 25%commission on the wines you own. this company needs investigating . yes i am mad because i am about to loose a lot of hard earned money by the way do you now deal with cellar link the person who sold me the wines is no longer available. i did not have your email so replied through trade to win. any more apw clients out there that have been ripped off reply for australian clients nev
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Old Feb 7, 2011, 8:34pm   #15
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Re: APW Australia Portfolio Wines

Program on BBC1 right now about wine fraud in the UK
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Old Feb 8, 2011, 5:59pm   #16
 
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Re: APW Australia Portfolio Wines

Same problem as errorman.Bought a lot of wine over several years from APW.No sign of it being sold.How many of us are there in this position?
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Old Feb 28, 2011, 2:59am   #17
 
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Re: APW Australia Portfolio Wines

What are the lastest APW outfit?
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Old Feb 28, 2011, 10:16am   #18
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Re: APW Australia Portfolio Wines

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Originally Posted by gok1 View Post
What are the current thoughts on the APW outfit?
not good as i am still waiting apw to sell some of my wines. i suspect if the pressure is on to sell by the clients they probably will dissappear from the face of the earth .a couple in australia have been robbed by this company. i suspect a lot more clients will suffer when they come to sell. has any clients had their wines sold i would be interested to know
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Old Apr 29, 2011, 10:47am   #19
 
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Re: APW Australia Portfolio Wines

Hello,

In response to the email sent to you by cellar link, it does seem they are trying to resolve issues? I agree that its all too slow, and as a result of being taken over from APW your almost stuck in a contract with them. At least now you have a get out clause.
I think the english government would charge to release wine, but only duty and vat, and possibly a handling fee from the warehouse.

From your first reply, if wine was sold in december, that is when I bought my wine. I also know another wine seller/retailer bought substantial amounts from them to resell in november and decemeber.

Depending on what you have stored with them, as I mentioned previously, I would try and sell asap or withdraw your holdings with them somehow. as much of the stock they hold is approaching the end of its life, especially for buyers who would want large quantities.

Good luck!
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Old Jul 1, 2011, 10:24am   #20
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Re: APW Australia Portfolio Wines

The only way to exit is to stop paying the fees and force them to execute clause 12.2 of their t&c:

http://www.cellarlink.com.au/comersu...Conditions.pdf

Anyone fight them will need a certified copy of the t&c, before they change it.

All the best..
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