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

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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

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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

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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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Old Oct 31, 2011, 3:01am   #31
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Re: APW Australia Portfolio Wines

@katmanlondon, you're fortunate to have a London's address. For Australian with no London's address, Cellar Link make it impossible to exit from this loosing investment. Cellar Link charge a ridiculous fee to have the wines sent back to Australia, and they refuse the order to just dispose the wines.

Well, this investment is already at a great loss, so it doesn't make sense to pay a high fee again just to let it go.
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Old Oct 31, 2011, 1:49pm   #32
Joined Sep 2011
Re: Cellarlink problem report.

Well Guys and gals here is my new website with exposure to problems I am having with Cellarlink (& APW).

I am implementing this website using search engine optimization techniques so that it get wide exposure. I want other wine people other than those looking for cellarlink to find it.

You can visit it at "cellarlinks"

Get back with more news soon.

Wilf.
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