APW Australia Portfolio Wines

This is a discussion on APW Australia Portfolio Wines within the Brokerages forums, part of the Commercial category; Same problem as errorman.Bought a lot of wine over several years from APW.No sign of it being sold.How many of ...

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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, 9:47am   #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, 9:24am   #20
Joined Jul 2011
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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Old Sep 9, 2011, 10:15am   #21
Joined Oct 2006
Re: APW Australia Portfolio Wines

One thing we see in scams involving shares, of which there are many, is that people often buy 'thin air'. In other words they have been told they own shares but in fact they don't. Anley will probably agree but in almost every case they will approach the victim two, three or maybe four further times for more money. The excuse will often be that a tax or fee needs to be paid before the investment can be cashed in. It is always a lie, just another way to bleed more money from you. Quite often people are told that paying extra is the only way to avoid losing all your money. Unfortunately tge day you handed over your money was the day you lost it, everything that follows is just an elaborate excuse to get more out of you. These people will bleed you dry, whatever you do don't keep giving them money.

If it were me I'd find out who all the directors and staff are and expose them. Use this forum but also sites like ripoffreport, scam.com, the motley fool etc. That's free and doesn't even take much time. For instance when you search for this company this thread is number four in google. That is a very powerful tool in publicising what has happened.
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Old Sep 9, 2011, 10:17am   #22
Joined Oct 2006
Re: APW Australia Portfolio Wines

I should add do it in accordance with the law. No need to go crazy.
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Old Sep 9, 2011, 10:28am   #23
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Re: APW Australia Portfolio Wines

Are you dealing with Cellar Link in the UK or Australia? In any case it's tge same outfit.

Cellar Link - Contact Us - Super Premium wine, Fine & Rare Provenance Wines, Wine on Sale
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Old Sep 10, 2011, 8:14am   #24
Joined Sep 2011
Re: APW Australia Portfolio Wines

Come on Winehound10. Cellarlink took over APW almost 3 years ago this goes deeper than just transition problems.

There are far to many people here reporting similar problems about their wines not being sold and being charged rapacious fees.

How is it that people who own wine they have paid for stored by Cellar Link then being told they will be charged 25% of the value if they want to retrieve them.

This is like storing your car, paying a monthly fee then being told it will cost you 25% of the value of the car to get it out of storage.
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Old Sep 10, 2011, 10:01am   #25
Joined Oct 2006
Re: APW Australia Portfolio Wines

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Originally Posted by wstaton View Post
Come on Winehound10. Cellarlink took over APW almost 3 years ago this goes deeper than just transition problems.

There are far to many people here reporting similar problems about their wines not being sold and being charged rapacious fees.

How is it that people who own wine they have paid for stored by Cellar Link then being told they will be charged 25% of the value if they want to retrieve them.

This is like storing your car, paying a monthly fee then being told it will cost you 25% of the value of the car to get it out of storage.
Cellar Link use a virtual office as their official address but if you dig a bit deeper you'll see their previous address was 177 Ferndale Road, London (pictured below). Hardly the type of office you'd expect from a wine investment and storage business. If you go to the Companies House website you can access and download all the documents they have filed. You'll also see that the Director is Eamon Egan and that they were previously called HEXAGON 360 LIMITED.
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Old Sep 11, 2011, 4:45am   #26
Joined Sep 2011
Re: APW Australia Portfolio Wines

Quote:
Originally Posted by pboyles View Post
Cellar Link use a virtual office as their official address but if you dig a bit deeper you'll see their previous address was 177 Ferndale Road, London (pictured below). Hardly the type of office you'd expect from a wine investment and storage business. If you go to the Companies House website you can access and download all the documents they have filed. You'll also see that the Director is Eamon Egan and that they were previously called HEXAGON 360 LIMITED.

thanks pboyles.

I also looked up APW, Wow did they go through a lot of Secretaries and directors Plus a lot of changes of their registered office.

I am starting to get a lot of info for my website. The reason I want my own website is that there are probable a lot of cellar customers out there that may be blissfully unaware that they may be facing problems. I hope to atract them with the name cellarlinks if they are looking for links to wineries and other winery cellars.

I will also be including a segment on liens and the danger of these not being a get out as some people have probably already found out.

I got an email from Cellarlink last year stating that they had $100,000 in liens saying they could not support these any longer. Well sell the wine you *******s. What excuses did it always get. Aussie wine is not selling same excuse as I kept getting from APW. Wonder why the aussie wine business has not gone belly up then.

Heres an interesting story. A Heritage Wine Investor Tells His Story
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Old Sep 16, 2011, 6:46am   #27
Joined Jul 2011
Re: APW Australia Portfolio Wines

Are there anyone can successfully exit from cellar link? is the letter of demand just a bluff?

In my point of view they already got the asset (wines) that they can liquidate as in their own t&c, and they also already gain a lot of money from it. While the client don't get anything at all, other than loosing a lot of money. why don't they just take the wines and close it? hmm...

Last edited by victorious; Sep 16, 2011 at 8:39am.
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Old Oct 11, 2011, 10:26am   #28
Joined Oct 2010
Re: APW Australia Portfolio Wines

are australian wines still popular are many investers in the uk trying to sell theirs.are you waiting to see if sales will improve nearer the olympics event as suggested by broker.ha ha
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Old Oct 28, 2011, 3:05am   #29
Joined Jul 2011
Re: APW Australia Portfolio Wines

Quote:
Originally Posted by wstaton View Post
I got an email from Cellarlink last year stating that they had $100,000 in liens saying they could not support these any longer. Well sell the wine you *******s. What excuses did it always get. Aussie wine is not selling same excuse as I kept getting from APW. Wonder why the aussie wine business has not gone belly up then.
What an excuse.. cellarlink can just dispose the wines in liens and it would be no loss for them as their customer paid the hefty fee in advance. Or better yet cellarlink can just auction the wines with no reserve price and they can still make some money. They should do that rather than keep forcing their customer to pay the hefty storage and insurance fee indefinitely.

Last edited by victorious; Oct 28, 2011 at 3:36am.
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Old Oct 28, 2011, 5:14pm   #30
 
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Re: APW Australia Portfolio Wines

I first bought my wine portfolios from APW in 2005. The salesperson was and still is a good friend. He unfortunately has left Cellar Link. Anyway, I have been trying for years to sell these wines. The second portfolio I finally just shipped to myself in London. Cost a bit extra but the wine is fantastic.

Having said that, the company's business model is either to make money on storage fees, or they're just so incompetent that they didn't realise they don't have a proper distribution model. My second portfolio has been on the market since April 2009. Not a single bottle sold. But I've paid storage fees in excess of AUD2,500 so far. On a portfoio that cost only AUD4,500. I'm done with them and have just emailed them telling them I've canceled the card that they had been charging and I'm no longer paying fees. They can either sell the wine or deliver to a friend in Melbourne. They'll never see a cent from me again.
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