APW Australia Portfolio Wines

This is a discussion on APW Australia Portfolio Wines within the Brokerages forums, part of the Commercial category; ouch.. so there seems to be really no way out from cellar link without any further losses, isn't there? so ...

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Old Nov 12, 2011, 1:42pm   #41
Joined Jul 2011
Re: APW Australia Portfolio Wines

ouch.. so there seems to be really no way out from cellar link without any further losses, isn't there? so we also have to pay VAT even just to dispose/destroy the wines then? how about gift? any suggestion? .. we just want to exit from cellar link.. but it's just sooo expensive to exit really stuck.. can't afford to continue, can't afford to exit either..
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Old Nov 12, 2011, 1:52pm   #42
Joined Oct 2006
Re: APW Australia Portfolio Wines

Quote:
Originally Posted by victorious View Post
ouch.. so there seems to be really no way out from cellar link without any further losses, isn't there? so we also have to pay VAT even just to dispose/destroy the wines then? how about gift? any suggestion? .. we just want to exit from cellar link.. but it's just sooo expensive to exit really stuck.. can't afford to continue, can't afford to exit either..
Victorious,

Are you sure that the wine even exists? Its supposed to be stored in the UK, right? What about getting someone to inspect the wine, to actually go to the location and look for it. I mean if it exists, and I'm not sure it does, then it has to be stored somewhere.
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Old Nov 12, 2011, 1:55pm   #43
Joined Oct 2006
Re: APW Australia Portfolio Wines

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Originally Posted by victorious View Post
ouch.. so there seems to be really no way out from cellar link without any further losses, isn't there? so we also have to pay VAT even just to dispose/destroy the wines then? how about gift? any suggestion? .. we just want to exit from cellar link.. but it's just sooo expensive to exit really stuck.. can't afford to continue, can't afford to exit either..
My point on the VAT was that if they charge you VAT and then do not pay the VAT (for whatever reason) then they are entering dangerous territory, essentially VAT fraud.
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Old Nov 12, 2011, 2:12pm   #44
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Re: APW Australia Portfolio Wines

aah.. i see what you mean thanks a lot for the info pboyles

actually the best way for us to exit from cellar link is to auction the wines with no reserve, but cellar link doesn't want to do this even if we instructed them to do so.. cellar link should have done the auction long time ago.. we have been keeping the wines for nearly 10 years now.. cellar link make it so damn hard for us just to exit
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Old Nov 12, 2011, 2:20pm   #45
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Re: APW Australia Portfolio Wines

i am not even sure they are even exists, but i don't live in UK and don't know anyone in UK to check the wines on cellar link storage

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Originally Posted by pboyles View Post
Victorious,

Are you sure that the wine even exists? Its supposed to be stored in the UK, right? What about getting someone to inspect the wine, to actually go to the location and look for it. I mean if it exists, and I'm not sure it does, then it has to be stored somewhere.
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Old Nov 12, 2011, 2:32pm   #46
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Re: APW Australia Portfolio Wines

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Originally Posted by victorious View Post
i am not even sure they are even exists, but i don't live in UK and don't know anyone in UK to check the wines on cellar link storage
It could be organised.

Why dont you ask them exactly where it is stored? Their answer will give you an excellent idea bout whether or not you bought fresh air.
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Old Nov 12, 2011, 3:02pm   #47
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Re: APW Australia Portfolio Wines

hmm.. right. i will ask them on Monday then.. thanks a lot pboyles

Last edited by victorious; Nov 13, 2011 at 5:47am.
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Old Nov 13, 2011, 6:14pm   #48
Joined Sep 2011
Re: APW Australia Portfolio Wines

Just to let people know. I got a "Statement of Claim" from Cellarlink and have responded with a defence.

My Ist reply in defence was

1 The defendant denies the allegations in paragraph 4. The total claimed by the plaintiff is not outstanding, as the plaintiff has not completed the work agreed to be performed.

Stating that they have consistently refused to sell my wine.

I have also mentioned that the value of my wine is greater than what is owed and they refuse to accept a forfeit in lieu thus begging the fact why not and does this wine even exist.

I have also send a large screed of to a couple of local TV stations to see if they will take this up.

I will update when I get some results.

Cheers

Wilf.
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Old Nov 13, 2011, 6:31pm   #49
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Re: APW Australia Portfolio Wines

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Originally Posted by wstaton View Post

I have also mentioned that the value of my wine is greater than what is owed and they refuse to accept a forfeit in lieu thus begging the fact why not and does this wine even exist.

Wilf.

Exactly, it has happened before, one of the stories I posted was about one of these companies had only ever purchased one case of wine.

As I mentioned earlier I think it would be wise to push them on inspecting the wine, wherever it is located, I mean if it exists it has to be located somewhere. If you get a load of excuses then you'll know what they are up to.
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Old Nov 14, 2011, 4:33am   #50
 
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Re: APW Australia Portfolio Wines

Hi, I am new here. I worked in the wine industry for almot 20 years including the time Heritage, APW, Uvine and Wine Orb started and ended. During this time I met all of the key people involved. I have seen and heard all of the stories before. I was also cold called by these companies and listened to their sales pitches. I have invested in wine (not through these companies) and have done this successfully.

Hopefully I can answer any questions and help people stop loosing money.

Some of these companies were a complete scam. They constantly sold wine that they did not have.

All of these companies operated legally (except when selling what they did not have) but also unethically.

The biggest problem is that they sold "investment packages" which contained, entirely or partially, wine which was never going to appreciate in value. Many reasons for this: unknown winery; unknown wine (ie made specifically for one of these companies); wrong variety (white wines in general do not appreciate in value); bad vintage, etc. The other fundamental reason is that investors paid too much for their "investments".

However, I dont think it is illegal for any investment company to sell something which never appreciates in value. Buyer beware?

All of that said these companies are only interested in getting you to buy something which you should not!

If you own wine from one of these companies, you should sell it at any cost and get out! It will never appreciate in value. You will never get your money back.

If you can physically get it, do so. If you can't (ie if wine is in the UK and you are not) get in touch with a local auction house and see if they can get it on your behalf if you agree to sell it through them. If you have to pay a transfer / handling fee to get it out, do it.

Do not believe any "marketing campaign about to start and we expect record prices" stories. Do not believe "our advice is better tahn anyone else's", or "we are starting to market wine to XXX country where we will get record prices".

I dont think any of these businesses ever had an exit strategy apart from contacting a wine auction house on your behalf (and taking a commission for doing so).

Last edited by wineghost; Nov 14, 2011 at 5:04am.
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