Cult Wines Avis 

Our experiences with Cult Wines has been great since we started dealing with them around 6 years ago. We’ve bought a number of great wines and attended their events, which have been very engaging and informative. Thank you!

Aug 27th: I am actively enquiring to authorities in Japan as to Cult Wines' legal status to operate in Japan.
In addition, I have proceeded with a lawsuit in order to get my investment back

Aug 22nd: Received an email from their CRO threatening to cancel the contract and dump my wine stock on me without selling it.
All this because they can't sell a few cases of wine in 10 months.

July 26th: I put in a sell request in November 2023 explaining due to personal circumstances, I needed to liquidate assets ASAP.
In that time, just 1/5 of the portfolio has been sold, at an average 9% loss. That's before even factoring in the monthly fees.

Not once has the point of contact proactively reached out - I have had to demand an update every time, and every time I get fobbed off.

Most recently they gave several poor options, including a cash offer for 25% less than the current portfolio value. 25% off a portfolio already in the red, and excluding fees!

Do not invest with Cult - you will be sending money into a blackhole.

UPDATE - I had a quick reply after this post and spoke at length with A G at Cult Wines who explained the difficulties that they (along with similar businesses) had been having and the lessons that had been learnt re customer communication and response times. I pointed out that investors are aware of market changes and being upfront re liquidity and sale times would have been more useful rather than ignoring emails. Hopefully things will improve. Payment went into our account today (30th July). Overall, in the 8 years we have invested with them we have been happy with the results, and it was disappointing to have had this poor service. We are still invested with them and are looking forward to an improved level of customer interaction.

Very poor - ie none - follow up on emails and phone calls. £8500 worth of wine sold on 6th March '24. Numerous emails and calls with vague promises for payment "next Friday" "accounts will revert" "we are dealing with many customers" blah blah. Now into August and still nothing. I have issued a 'Letter of Claim' notice and will be issuing proceedings against them in the County Court. I can only surmise that they are struggling and would advise any potential investors to do serious due diligence on them.

We love cult wines, their access to wine , portal information and portfolio management has been excellent

Wine investment has been through a tough time over the past couple of years but things seem to be improving now finally. Whilst there have been some problems with releasing funds on sale of product, our Relationship Manager, Paul, has been very helpful and remedied the issue to our full satisfaction. He is good to work with, always available and keeps us up to date with advice on our investment.

I have been investing and buying with Cult for the past 10 years. The experience is and has always been flawless.
Amazing guidance and support throughout the whole process.
Jonathan has always steered me in the right direction and my portfolio continues to grow and outperform my expectations.

My wife and I have been investing with Cult Wines for several years and always found their expertise and professionalism to be consistently impressive. We find the platform very user-friendly and well-suited to our needs as engaged, enthusiastic novices. The team at Cult clearly have a deep understanding of the fine wine market.

The advisory element has been particularly helpful. Even during the recent downturn in performance, our portfolio manager kept us well-informed on developments (both positive and negative), which we truly appreciated. For example, following their advice to extract funds from the market in 2022 was a smart move that helped reduce potential losses.

Of course, there are some areas for improvement. Enhancements to the platform and app would make the trading process smoother and more efficient.

However, overall the Cult team have offered valuable insights and expert advice that we feel makes them a reliable investment partner. Our portfolio has performed well and so we would definitely recommend them to anyone interested in the fine wine market.

I've had an account with Cult wines for about 3 years. During this time, the company has made significant changes to their payments and account management structure that have facilitated the buying and selling process.

There have been a couple of speed bumps along the way, but I now consider them well placed to manage my fine wine portfolio. Particular mention to Aarash who has been in touch regularly to update me on market trends and new opportunities.

Great company, always bringing me cases that are undervalued
Highly recommend Jay in NYC

Very professional experience until I decided to withdraw my investment. 7 months waiting for so called buyers to buy my wines ( that’s what this company tells but we cannot verify anything) . No return of investment. After 5 years my return is 0 or negative ( was super positive until I decided to withdraw then suddenly it became negative). Don’t know how long I will still have to wait to get my money back. If I get it back one day…
Legal actions will be the next step.
10 months still no news….

Been investing with Cult for a few years now. Great advice and have seen good returns. Took some money off the table recently to see the process and was returned funds in a timely manner. Would recommend

Some of the most knowledgeable people in the world on wine. Secured me a great ROI and understood my approach to risk adjusted returns. Love the events they hold as well. Would recommend to anyone.

Over the years we’ve got to know Cult Wines well, their depth of knowledge has always been impressive and we’ve appreciated the balance of information without over-marketing the product. Delighted so far with the trajectory of the portfolio, we would and indeed have recommended their services

After selling my holding, took months to receive any money owed.
Got more sense from chat line, than dealing with non replied emails.
Finally gave them a deadline to pay up or was going to take further action, eg small claims court.
Avoid dealing with .

We have also had identical problems to the review below. Myself and my business partner have an account at Cult Wines. We have requested the return of the funds from our account numerous times and they have not complied with the remittance request. We will update you if they comply with the latest withdrawal request initiated on 5/6/24.

On writing this review, we were contacted by Aarash at Cult Wines, who conveyed his sincere apologies for the delay in processing our withdrawal. He then ensured that the payment would be made efficiently. True to his word, we received the withdrawal today 7/6/2024. Thankyou Aarash.

Since 2019, I've been investing with Cult Wines. However, after they acquired all the wines with my funds, there was no management of my portfolio. Despite my request to liquidate my portfolio in March last year, most of my wines were sold in August 2023, and I haven't received any payment from them yet. Despite repeated calls and emails, they keep citing the excuse that they haven't received payment from the buyer. It's been a year since I requested liquidation, and I'm still waiting to get my investment money back.

Cult Wine is an innovative company that takes a proactive approach. They offer a high level of customer service, always striving to understand their client’s financial goals and risk tolerance. This personalised approach ensures that the investment options provided are perfectly suited to individual needs. The team’s impressive level of knowledge and expertise further enhances the feeling of being valued as a client.

I wholeheartedly endorse Cult Wine to anyone who is serious about investing in fine wine. Their data-driven approach, personalised service, and impressive returns make them a reliable and quality investment option.

I have been an investor with Cult Wines for several years now. As an alternative investment I find it both interactive and fun. The advice and wine selection is very professional. I am definitely happy with the ease of access that I have to some of the best fine wines in the world and the potential opportunities that might bring. Best seen as a medium to long term investment and it’s rewarding like watching your children grow up and flourish.

We’ve been delighted with Tom and the team during the many years we’ve used them, we would absolutely recommend

I just viewed the developing analytic tools for evaluating the pricing, rating, and liquidity of the large database of wines. I believe that these tools will allow for the optimization of investment decisions and their timing.
Kudos to the Cult Wine team.