The first talk at the Smart Expo that I attended was delivered by Saeed Shah, the sales director of Australian Wine Index (AWI).
Australian Wine Index is a fine wine broker which sources and purchases fine Australian wine for investors. They will also help to find suitable storage space for your wine, and advise you on different exit strategies when the time is ripe.
The reasons given by Saeed why we should invest in wine include:
- Wine has outperformed other investments.
- Recent UK report by Wine Asset Managers (WAM)
- Return of 16% over last 7 years
- Wine is a relatively low risk investment.
- Finite commodity
- Limited supply & growing demand
- There is huge growth potential.
- US no.1 wine consumption market in the world
- China 45% growth over the next 10 years
- Global demand
- Auction houses: Christie’s & Sotheby
- “Nuevo Riche” in emerging marketings like China, Russia, Eastern Europe
Wine is an area that I haven’t invested in before as it is something not close to my heart. Even though I was told that I don’t have to be a wine drinker to be an investor, somehow I feel that I would be at a disadvantage when it comes to the product knowledge.
So how exactly do you invest in wine? These are the steps shared with us:
- Selection
- Storage
- Trading
1) Wine selection
- Ratings (Critics) – RPJ’s Wine Advocate
- Regions – South Australia & Margaret River
- Vintage, Vintage and Vintage
- Research
- Strong ties with vineyards
- Build collections with intrinsic value
2) Wine storage
- Home storage – bad idea
- Perishable product
- AWI has a tie-up with Cougar Express Logistics whereby investors can store their wines and have their own individual account
3) Trading
- Exit strategies – Friends, collectors, merchants
- Auctions offer best option
I can’t really elaborate on the points given in the presentation by Australian Wine Index as I’m pretty much a novice when it comes to wine investment.
433 comments
antipasti says:
March 31, 2011 at 8:44 pm (UTC 8)
Can someone who can read mandarin check this website and see if there is any mention of the wine auction on 25th March 2011?
http://www.alltobid.com/guopai/
This looks like it is the Shanghai International Commodities Auction. If this assumption is wrong, appreciate if you could let me know too. Thank you.
Ann says:
April 3, 2011 at 3:57 pm (UTC 8)
Hi antipasti,
I check the website you provided, but no any news about wine acution…
EW says:
April 4, 2011 at 10:23 am (UTC 8)
Ok…..if anyone suspicion of AWI auction, u check to see if they did any lab reports for the wines they wanna auction in Shanghai. Because according to several merchants who export to China, they told me all the wines needed lab reports and mind u it’s 1 report per label. I bet there’s more than 100 labels AWI wanna auction off. Who’s going to pay for the reports? That’s the reason why many merchants only wanna sell wines to HK and let the HK merchants dealed with transhipment issue.
Jay says:
May 23, 2011 at 2:40 pm (UTC 8)
Actually there’s a news on the following link:
http://www.alltobid.com/guopai/contents/156/1465.html?__r=2046
However, I am still skeptical. AWI keep mentioning liquidation of the Portfolio will be easier if I owns a vertical, horizontal or whatever collection. Keep asking me to buy in more.
Honesty speaking, I rather trade. Full control on my side. Haha
Would like to check if there is anyone who managed to liquidate or sold off their wine collection in the Shanghai Auction?
Grape Hope says:
May 28, 2011 at 12:56 pm (UTC 8)
Nothing mention about wine auction.
Grape Hope says:
May 28, 2011 at 1:00 pm (UTC 8)
http://www.alltobid.com/guopai/contents/67/1404.html
The only mentioned about wine Auction is Chinese Aged Rice Wine Auction on 9 June 2011.
Robert says:
April 1, 2011 at 5:31 pm (UTC 8)
We have closed applicantions for wines to sell for the moment. We will advise you once more when we are ready to take on more stock for sale.
Regards
robert@wineexchangeasia.com
kk says:
April 1, 2011 at 7:52 pm (UTC 8)
Yes you better start looking for lawyers urgently because you are going to need a lot of legal help once you receive the writs from us. This is going to be a criminal case and we have a big enough group now to warrant an investigation. Please don’t go into hiding when the time comes.
Grape Hope says:
May 28, 2011 at 12:54 pm (UTC 8)
i had checked earlier with Shanghai Auction, they seem like don’t hv much biz. bond w AWI.
But AWI ever advertised and showed that they already had the understanding for the cooperation.
Let act together.
kk says:
April 1, 2011 at 8:12 pm (UTC 8)
AWI marketed its Shanghai auction on internet’s free press websites. If it is that authentic, why put it on dubious and unknown news sources?
http://www.free-press-release.com/news-shanghai-international-commodity-auction-guopai-signs-joint-agreement-with-australian-wine-index-1292588224.html
Unfortunately, some victims actually believed its authenticity because it looks like a real piece of news and ended up buying more wine from AWI. Got to take my hats off.
To show you how easy it is to put up a news, look at this http://www.free-press-release.com/news-shanghai-international-commodity-auction-guopai-signs-joint-agreement-with-australian-wine-index-1292588224.html
kk says:
April 1, 2011 at 8:13 pm (UTC 8)
Sorry I meant this.
http://www.free-press-release.com/news-australian-wine-index-shanghai-auction-1301659513.html
kk says:
April 1, 2011 at 8:16 pm (UTC 8)
I am forming a group of investors who believe they are scammed by AWI. The number of responses I have received is growing but the rate is not fast enough, I need more of you to join us. Regardless of whether the intention is to take action against AWI or to make plans for alternative exit strategies, none of these can work without strength in numbers. Join us to form a critical mass by going to this website http://australia-wine-index-fraud.blogspot.com/
Ann says:
April 3, 2011 at 4:11 pm (UTC 8)
Hi Kk,
i support what you have done against AWI. but can we take a legail method to sue AWI? Otherwise our portfolio can not be recovered…
Australian Wine Index Scam says:
April 4, 2011 at 1:59 am (UTC 8)
Australian Wine Index is a complete joke.
Grant Burge says:
April 4, 2011 at 7:38 am (UTC 8)
Agreed… and with alot of people’s money sucked and stucked in those wine. They sent those valuations reports with 10-20% percent increase a year, but yet cannot sell anything even at cost. It is that fishy.
If you want to talk to them, tell them you want to buy a few 100k of wine. I am sure you will be hearing from them real soon…not just one, but many of them will be calling you…
kk says:
April 6, 2011 at 8:37 am (UTC 8)
I have received news from a member of my group that AWI emailed him that the March auction has been postponed.
http://australia-wine-index.proboards.com/index.cgi?board=news&action=display&thread=20
Did anyone else received this email?
Ke says:
April 6, 2011 at 10:19 am (UTC 8)
Yes. I recieved the same mail.
Doulos says:
April 6, 2011 at 10:32 am (UTC 8)
Yes, I rec that email saying they can’t preceed at the moment due to regulatory in China and they are working at it and will inform us of a new date later.
They also invited me for a open communication session with AWI Managing Director, Andrew Bassett.
EW says:
April 6, 2011 at 2:43 pm (UTC 8)
Pls everyone, I cannot believe you all out there still believe in more of AWI stories. Just sell whatever you can asap if you want to get back your money. Full amount I doubt so, but certain amount for sure , maybe 50% . As I said earlier, auction wines in China need not only import papers, lab reports as well who’s going to pay for such lab reports.
WAKE FROM YOUR DREAM
JW says:
April 7, 2011 at 11:11 am (UTC 8)
Edward Davidson promised to schedule my wines for auction in June. He signed an agreement stating that in the event the auction falls through, AWI will purchase my portfolio and at certain agreed pricing and make payment by end of July. The agreement was printed on AWI’s letter head, with Edward’s signature and AWI’s company stamp. Now he’s denying he ever signed such an agreement and has fled to Shanghai. He’s handphone is no longer contactable.
lioninvestor says:
April 7, 2011 at 12:03 pm (UTC 8)
That sucks. Can that be taken as a case of cheating and reported to the police?
JW says:
April 7, 2011 at 2:00 pm (UTC 8)
Apparently the case has been taken up to Andrew and there’s going to be a discussion with them on Tues. We’ll see how things go. Hopefully I don’t have to turn things ugly with them.
Desmond, Bid for Wine says:
April 12, 2011 at 2:48 pm (UTC 8)
We have helped many ex-clients of AWI and UAG liquidate their wine holdings and continue to do so.
Desmond
Desmond@bidforwine.sg
http://www.bidforwine.sg
http://www.bidforwine.co.uk
Lawrence TH says:
April 14, 2011 at 10:15 am (UTC 8)
hi need some tips from wine expert here. Recently someone call me offering a fixed return of 12% in a year to buy french wines , they seems to be a reputable company as I have visited them in their office. Has anyone here came across this investment? please enlighten me on this issue. thanks alot
EW says:
April 14, 2011 at 11:01 am (UTC 8)
What’s the company? Anyway french wine eventhough the chances of profit is higher than all aussie wines. But still it totally dependent on wine critics and vintages. Mainly bordeaux I presummed. Eg. vintages like 07, most of the people who bought en premier did not made any money and some even lost money on it. Mainly because 07 is a water shed vintage. Burgundy and Rhone are a totally different story. The most highly profit vintage is the 08 which see some Chateaux went up more the 300% upon ep price. The next highly speculative vinatge will be the 10, but I doubt the price will open cheap.
So Lawrence, if you think of investing in wine, are you prepared to drink everything if they don’t sell or made any profit?
JW says:
April 14, 2011 at 11:16 am (UTC 8)
Till now I’ve not heard anything good about wine investments. If the french wine broker that you mention is in Tanjong Pagar, forget it. Their customers are in worse state than AWI. At worst case, at AWI anything happens we still can withdraw it and get ourselves drunk.
Not sure for other companies……mostly would be like the other wine brokerage that folded. All wines are considered the company’s asset and are auctioned off to repay creditors. End of the day you’ll be left with nothing.
By the way, heard of someone who invested in French wines and could not get his 5 digit investment back.
Lawrence TH says:
April 14, 2011 at 1:35 pm (UTC 8)
Dear JW and EW
Thanks for the info.
EW: the co is located in a high end shopping mall in orchard, they have nice office and i was impressed, but other then impressed, I still made up my mind to do my own research first before i invest in the fixed return of 12% a year. Do you think i can go ahead, am i safe?
Of course i cannot afford to drink them if the wines are not making money, but looking at the fixed return of 12% a year , i guess I do not have to drink them .
JW: thanks. Any advise on this co , will the investment be safe?
JW says:
April 14, 2011 at 2:36 pm (UTC 8)
Basically if the wine’s not under your name forget it. No one here has any idea about the company that you mention…..no track record not safe…..if they can’t give you an concrete exit strategy…not safe……really……I’m prepare to lose all my 5 digit with AWI. If you are not willing to lose. Don’t go ahead…..rule of thumb. Invest what you are willing to lose.
Lawrence TH says:
April 14, 2011 at 4:05 pm (UTC 8)
JW, thanks.The co seems to have 5 years in business. They used to be in tanjong pagar area , recently moved to orchard. As for exit strategy, they told me to sell back to them after 12 months and give me fixed returns , is this consider safe? I really dont know about what is safe or not , but the 12 percent fixed returns is rather tempting, it is even better then all the banks in singapore for fixed deposit.
The reason why I am asking is because I need some money ready for my wedding, so i need to ask around in this forum. Hope someone can give me more info on investing in wines.
Doulos says:
April 14, 2011 at 4:21 pm (UTC 8)
Don’t be tempted by the high return, is a jackup figures. I got stuck until now without been able to liquidate money for my wedding. Keep it in bank is safer since you need it for wedding. Wine investment is not as liquid as it sound and is not regulated so is a high risk investment.
Mummy says:
November 12, 2011 at 5:53 pm (UTC 8)
Don’t just trust in nice office. Profitable Group has a nice office in Tanjong Pagar and they were in business for a few years too.
I’ve been scammed out of a five-figure sum and recently I was trying to sell my AWI portfolio but the sales rep Charles refused to reply my email.
Now that I’m checking up on AWI then I realised I’m going to be scammed a 2nd time. This is really painful!!!!!
I suggest we should stay off all this unofficial investment business and just buy into stocks and shares directly or just stuff our pillow with our money.
Twice scammed by all these alternative investment and I’m not going to trust any of them.
In fact, I’m surprised that MAS is not actively regulating these investment vehicles. Our government regulate maid agencies. private education agencies and housing agents but these investment firms where people can lose up to $200k is left unregulated. Something is really not right.
And these scammers know that reporting to police also no use. After they shifted our money out, what can police help in? We still can’t get our money back.
Can someone please give me a glimmer of hope that I can get my 5-figure sum back from those wines????
Robert Rees says:
November 13, 2011 at 3:34 pm (UTC 8)
We have been helping a number of people sell their portfolios. If you would like to send me a schedule of what you own I would be happy to evaluate it for you.
Regards
Robert
Ex Employee says:
November 21, 2011 at 10:51 am (UTC 8)
You will never see a penny from AWI, it is all a rather large ponzi scheme covered legally by the local laws. The old MD has fled to Shang hi and the staff are slowly leaving. A closure is in sight. The best option is collectively head to the office and seek revenge behind closed doors.
If you are really interested in seeking revenge and or any money back let me know?
Ex Employee says:
November 21, 2011 at 10:55 am (UTC 8)
Unfortunately you will never see any money returned unless you collectively join forces and head down to the office before their planned closure. In their carefully planned ‘ponzi’ scheme they have drawn in a buy back option where they buy back the stock to stop the client screaming to the press or other potential clients.
There is one other option to consider, let me know if you are interested?
steve says:
January 9, 2012 at 5:16 pm (UTC 8)
Hi,
I have read your forum through AWI and I would like to talk to you on how can I help you.
Reach me in my mobile : + 65 96386916
Look forward to hear from you. I will be away from jan 16 to 28 2012. call me once you recieved.
grant burge says:
April 14, 2011 at 4:30 pm (UTC 8)
Hi Lawrence,
my opinion is do NOT take the risk…it is not worth it.
- you may not be able to afford to lose this money…it is for your wedding?
- ok… 12%, what if the company close shop on the 11th mth?? even the wine in your name, you may have to come up with more money to withdraw them (gst + alcohol tax)…
- yes, you may use the wine for your wedding dinner…but this is provided the wine is under your name in the warehouse, what if they are not?
- AWI in the past told me they can achieve 20% per annum, but in the end, at best, the 20% is on paper…. i offered them to sell at 20% loss, they also cannot do it… so, you still believe in 12% buy back? If yes, refer to #1…
- high returns comes with high risks… r u game to lose all?
- i am not saying this is likely to be ponzi or boiler room scam, but if it is too good to be true, it is very likely you will not see your money eventually…. why eventually? usually, to make it convincing, they may pay you 1st few times to get to ‘hooked’ big time….
I think it is better for your to FixD your money with bank and have a great wedding when the time comes…
rgds,
JW says:
April 14, 2011 at 5:31 pm (UTC 8)
I agree with Doulos and grant burge. Now that you mention that it used to be in Tanjong Pagar area, especially Tras Street, 100% hoax. You’ll NEVER get your money back. Not even a single cent. My friend was overcharged by them. They admitted it. Say will refund the excess….it never happened. DON’T take that risk though it’s very attractive. DON’T risk your money and marriage. Not point over ‘promised’ 12% returns. I totally agree with the illiquidity of wines. I’ve been in it for 8 years……one of the first few clients of AWI…..my client number is definitely somewhere near the top….look at my plight…..basically there’s no free lunch. Aren’t examples around and here enough to deter you? Make your choice, lose out on the possibility of making 12% returns (we too can’t be 100% sure that this isn’t a hoax) or lose all your investment/money, ruin your wedding and ruin your life. If you are prepared for the latter situation and want to take that risk by all means go ahead. There’s no one stopping you. After all it’s your money. The rest of us can’t make the decision for you.
Ex Employee says:
November 21, 2011 at 10:58 am (UTC 8)
DO NOT INVEST IN WINE IN SINGAPORE. IT IS ALL A SCAM !! I WORKED @ AWI FOR A PERIOD.
Lawrence TH says:
April 15, 2011 at 10:14 am (UTC 8)
Dear jw ,grant burge and Doulos
Duulos thanks and will talk to my girl friend about it.
Jw :You are right , the co used to be in tanjong pagar, can you tell me more about what happened to your friend and why didnt he go and report if they promised to refund and never happened?
although i have not yet invest in the 12% fixed return, but can i ask a few questions so that i will have a clearer picture,
1.what if i invest and by 12 months they did not pay me back the initial invetsment plus 12 percent fixed return which they promised?
2.Grant burge mentioned that what if the co close in 11th month, what can i do ?
3.does black and white means anything in wine investment
4.has anyone else been to the co other then me , it is rather nice and do you think anything will happen since they spend so much money in the office
5.I have read up so many commments about wine invetsment here, but why there isnt any government body who can do something about them
6.is guarantee returns safe
hope i can get more info from all investors
thanks and appreciate
EW says:
April 15, 2011 at 11:50 am (UTC 8)
Hi Lawrence,
No wines so far, guaranteed 12% fixed return. Yes, some do returned more than that, but only a handful of the top premium labels, mostly french, which most of these goes direct to the regular buyers year in and year out. It’s seldom flowed out of the market. Those you see in the markets are most likely 2nd or 3rd hand transaction done already. So if you think Australia wines can goes up so much, think again. In fact with the wines market so open up, you can look up the price online, there’s several online wine shops in Australia which are very reliable. In fact if you buy direct from them, you can get discount about 15% off from the retail value online for the tax etc. Also some provide free freight to Singapore when you buy beyond certain amount.
grant burge says:
April 15, 2011 at 10:40 am (UTC 8)
Hi Lawrence,
it is good that you are finding out more before ‘investing’.
2. When a company closes shop i am very sure you will not able anyway high up on the list of creditors… so what is your chances of recovering money?? close to zero.
3) black and white… u want to bring them to court if they dun pay? All the trouble, cost, mental of going thru?? When you can avoid it in the first place?
5) wine investment is not regulated…. government dun control….
6) who gurarantee? The company that does not honour the white and white or closes shop??
i was a victim of these wine investments…. still have a few boxes of the wine at home…. drinking them every now and then…
i think it is not worth the risks and your marriage for the 12% (that is if they materialised and realised… we are not talking about paper gain… )
grant burge says:
April 15, 2011 at 10:43 am (UTC 8)
corrections:
2. When a company closes shop, i am very sure you will not be anywhere high up on the list of creditors… so what is your chances of recovering money?? close to zero.
JW says:
April 15, 2011 at 10:48 am (UTC 8)
The fact that you are still asking means you have not really understood what all of us are saying. If you are impressed by their company go ahead…..Has it ever occurred to you where did they get their money from to do up such a posh office? Note: This is a rhetorical question. Look at the spa saga. Aren’t they done up well, didn’t they go on TV? Didn’t they have multiple posh chains in prime area? Finally what happened? You can still choose to believe what you see though, I can’t stop you from thinking so.
FYI, this form of investment is not regulated by MAS. If you ask why is the government not regulating, ask the gov. Don’t ask us. In fact even if the gov is involved, they can’t do much. It’s your investment decision. Why does the government have to be held for your wrong investment decision?
We were previously guaranteed but look where we are at now. We can go to court……then you got to chalk up extra for legal fees. Are you prepared to chalk up legal fees? Is the legal fees going to be worth it? Such cases can go for years. Basically if I’m going to court it’s no longer to get back what I invested. It’s to bring them down. Since I’m going down, might as well pull them together to keep me company. But even with all that said you still feel that it’s too good a chance to miss, no one can stop you. Make your choice, invest with the potential of 12% ‘guaranteed’ returns or lose it all. If it’s a risk worth to take for you, go ahead. We’ve already said our piece.
Lawrence TH says:
April 15, 2011 at 12:09 pm (UTC 8)
Dear All
Thanks , I guess I will not go ahead to invest with the fixed return, spoken to my girl friend, she told me there is no such thing as “guarantee return” no free lunch. She also told me that why dont the company keep the wines themselves and made extra 12% rather then giving the 12% to me.
I understood now, thanks all.
Eddie says:
April 15, 2011 at 12:51 pm (UTC 8)
Lawrence TH,
Why don’t u consider investing in Hyflux Pref Shares ?
These are “guaranteed” 6% returns. (They can’t pay ord shareholders till they pay the pref shareholders)
The subscription is on till next Wed 12pm. U can apply thru DBS or UOB internet banking.
Also, if you have at least 150k to invest, you might as well consider a commercial property. These are not subject to the existing housing rules and the yield for most commercials are close to 10%.
grant burge says:
April 17, 2011 at 12:06 pm (UTC 8)
Hi Eddie,
I am new to this, and thot this is what they say about pref shares.
the ”guaranteed” returns for the pref shares are not guaranteed if the company is not doing well, unfortunately.
http://www.martinlee.sg/preference-shares/
in order of ‘safety’, bonds->pref shares-> ordinary shares.
and there is implication on the pref share price when the interest goes up ( which is likely direction for the future)…
btw, for the 150k in commercial prop, most likely, there will be a loan to take, so the return may be lesser than 10% after deducting the cost of loan…. but surely a better investment than wine. But as they always said, location is key when it comes to property… residential or commercial.
have a great weekend.
rgds,
Pete says:
April 18, 2011 at 11:32 am (UTC 8)
Hi Lawrence
You are not the only one here received the call , i too, but told them off.
Julian says:
April 19, 2011 at 5:49 pm (UTC 8)
To many Ex AWI an existing wine brokers on here! Many of them chatting and cheating behind assumed names.
Watch out anyone who believes what they are reading.
Carry on and listen to your girlfriends advice there is no such thing a free lunch.
If you spent time on worth while due diligence no of you would have got burnt.
Tham says:
April 26, 2011 at 9:13 am (UTC 8)
Dear All
Look below , hope this will happen to wine investment too. companies in sg is doing fixed returns, guarantee returns..all need to be check.
SIAS aware of plight of Profitable Plot investors
Apr 25
SINGAPORE: Securities Investors Association Singapore (SIAS) said it is aware of the plight of people who have invested in various Profitable Plot schemes.
In a media statement, SIAS said it will conduct a dialogue session with concerned Profitable Plot investors at 7pm on May 28 to discuss possible action for investment recovery.
SIAS will also assist with legal counsel.
Land banking firm Profitable Plots Private Limited is currently under probe by the Commercial Affairs Department.
Previous reports said that investors have put in some S$23.5 million in the company’s products.
About 4000 such investors who bought the products expecting high returns are now at risk of losing their money.
Some investors have alleged that the risks of the investments were never fully explained to them
Choi says:
May 3, 2011 at 4:34 pm (UTC 8)
At this present time , I cant believed people still goes into “guarantee return” ” fixed return”,investment, grow up guys.
Jay says:
May 23, 2011 at 2:45 pm (UTC 8)
Guarantee return have! Why dun have. Only thing is lesser then inflation lor. Like 0.125% pa that kind of stuff. Its guaranteed! LOL
alex says:
May 25, 2011 at 2:38 pm (UTC 8)
Any AWI investors have already signed the Auction Authorize Letter for the Shanghai Auction held in August?
Invest says:
May 30, 2011 at 1:43 pm (UTC 8)
I am having problem with getting money from Premium Liquid Assets , anyone else?
so1trg says:
May 31, 2011 at 4:18 pm (UTC 8)
Hi Invest,
I did managed to get back my investment monies with profit from PLA. However I was very careful with them wanting to exit at the first possible instance.
I bought the 08 En-Primeur and exited last year Nov 10.
They are a bit slow, maybe you want to be a little patient with them.
Just to add that when I exited they asked me if i was interested to invest in their “Fixed Deposits” investment type in their En-primeur 10.
Also I noticed throughout 2010, they were hawking some kind of “collective investment schemes” with their wine. Bundling different wines together in a fund or something.
Invest says:
June 1, 2011 at 9:04 am (UTC 8)
my payment is over due by 12 weeks. many calls , no answer , broker no reply no answer. anyway i have made a police report and to commercial affair department. it does not matter to me anymore. let the CAD handle.
Ann says:
June 29, 2011 at 4:18 pm (UTC 8)
Have you got any reply from CAD? Will it be useful?
winebuyer says:
June 9, 2011 at 12:56 am (UTC 8)
Hi Invest
I have bought wine from PLA myself in HK, is there any way to verify that the wine my certificate represents really exists and belongs to me? Are you in Singapore?.
PLA_BadNews says:
June 9, 2011 at 12:53 pm (UTC 8)
I heard, and I’m sorry, that PLA is effectively bankrupt. Staff haven’t been paid for two months, high level executive went on holiday never to return, and people (like “Invest”) are filing police reports.
PLA SCAM says:
June 16, 2011 at 8:18 pm (UTC 8)
they are a SCAM. everyone report to CAD in Singapore if you have not heard from PLA in the last few weeks.
TC says:
June 17, 2011 at 10:36 am (UTC 8)
PLA HK office in police probe.
http://imcmsimages.mediacorp.sg/CMSFileserver/documents/006/PDF/20110617/1706HNP014.pdf
Robert Rees says:
June 22, 2011 at 11:42 am (UTC 8)
We are currently buying Kilikanoon 2003 vintage wines. Please contact me if you have any of this stock.
derek says:
June 24, 2011 at 9:39 pm (UTC 8)
have 2005 kilikanoon boxed flagship collection and 2005 torbreck run rig shiraz viognier
Robert Rees says:
June 26, 2011 at 10:43 am (UTC 8)
We have interest in those. Please email me at robert@wineexchangeasia.com to arrange an evaluation.
Ann says:
June 29, 2011 at 4:24 pm (UTC 8)
Hi guys,
AWI has changed the procedure to withdraw the wine in storage. I got an email saying that we are allowed to take out our wine only “assisted” by AWI’s staff. How rediculous! Has anyone bring out his/her wine from Menlo recently?
Ann says:
July 1, 2011 at 3:16 pm (UTC 8)
Does anyone receive call from AWI recenty by saying ” eveything is in hand, the China auction is in process and the result will be out on August. U will get your wine back” sth like that.
JW says:
July 1, 2011 at 5:38 pm (UTC 8)
You mean you received a call from them/who? What’s your portfolio like? Have they sent you documents to sign to authorize sales of your wines at Shanghai? Did they mention anything about what happens when the auction was unsuccessful for 3 times and attempts to sell locally in China fails? Will the wines still belong to you and what’s the storage, insurance, bank transfer charges like? What happens when all else fails and your wines are already in Shanghai?
Marcus says:
July 3, 2011 at 12:09 pm (UTC 8)
Hi, I invested in AWI. When I want to trade them, there need me to invest more inorder to go into NOV China Auction. Is there any condidtion in order to fgo into auction?
EW Yeo says:
July 3, 2011 at 3:22 pm (UTC 8)
Previously was Aug now Nov? Pls this will not happened, why u still believe in them?
Kk says:
July 3, 2011 at 3:37 pm (UTC 8)
Their first auction is still on Aug. Nov is going to be their 3rd one.
derek says:
July 8, 2011 at 1:21 pm (UTC 8)
be it 1st /2nd or 3rd auction.more important is whether anyone had successufully allocated for any of the said auction and wat kind of procedure that awi have adopted?
Bid for Wine Singapore says:
August 4, 2011 at 1:50 pm (UTC 8)
We are buying Torbreck ‘The Factor’. Please contact us if you have any in stock.
Thanks.
derek says:
August 4, 2011 at 4:42 pm (UTC 8)
have 2005 Torbreck run rig shirza vionger. may reach me at 96793689
Ann says:
September 9, 2011 at 4:54 pm (UTC 8)
R u the trader? What is the valuation?
Rob says:
August 29, 2011 at 9:37 pm (UTC 8)
I see that the 1st auction was on Sunday (28 Aug). Downloaded the catalog and the reserve prices are twice what you find on any wine search website. It would be nice to see the results.
swat says:
August 30, 2011 at 12:45 pm (UTC 8)
Most of the wines are not sold in the auction. Wonder what’s the next step AWI will take to get them sold off.
Ann says:
September 9, 2011 at 4:26 pm (UTC 8)
what is the result for China auction? Anybody knows?
Doulos says:
September 9, 2011 at 5:09 pm (UTC 8)
Didn’t u rec their email? The auction result is here http://www.australianwineindex.com/auction.html.
Out of the 93 lots, only 16 lots are sold. So what do u think?
kk says:
September 10, 2011 at 12:31 pm (UTC 8)
At least the 16 lots got sold had at least 10% to 60 % profit.
K Tan says:
September 10, 2011 at 5:30 pm (UTC 8)
So what happens to those not sold?
Lim eric says:
August 30, 2011 at 9:50 am (UTC 8)
http://www.facebook.com/photo.php?fbid=1326741302120&set=a.1313695055972.43748.1638550283&type=1&theater
just click or copy/paste then do the detective work
photo > person > now working for > connection???
take a look through all those pics
Mike says:
September 2, 2011 at 11:32 am (UTC 8)
I have been asking for my wine to be divested. But AWI kept avoiding the matter.
Give Up says:
September 2, 2011 at 12:37 pm (UTC 8)
I tried over a two year period asking the crooks at AWI to liquidate my wine since 2007, and they have never been able to do it. And today they just sent us email asking for more money to pay for continued storage of the wines they have been unable to liquidate.
Ann says:
September 9, 2011 at 4:53 pm (UTC 8)
Any updated result from China Auction?
JW says:
September 9, 2011 at 6:34 pm (UTC 8)
Go here to see the results of the auction and judge for yourself. Anyone who went for the auction?
https://live.alltobid.com/BidWeb/Auction/AucLotList.aspx?AuctionId=2720067742
Dunavox says:
September 14, 2011 at 2:12 pm (UTC 8)
Now, they want to charge storage fees. I had invested since 2004 and since they could not divest my investment, they had waived the storage fees. They are not willing to do it but they still cannot divest my investment. Sigh…
Crap investment.
Robert Rees says:
November 14, 2011 at 9:08 am (UTC 8)
I am buying Fox Creek Reserve Shiraz in case you are holding this.
Robert
jay says:
September 23, 2011 at 4:21 pm (UTC 8)
Hello All, I am looking for some wines (prefer french fine wines) for export.
If you have wines to sell, kindly email me at wines4wines@gmail.com
Thanks all
Robert Rees says:
November 12, 2011 at 11:49 am (UTC 8)
I am looking for up to 15 dozen Fox Creek Res Shiraz 2005.
K Tan says:
November 13, 2011 at 8:12 am (UTC 8)
Robert,
I understand from a few friends that you are helping to sell wines of AWI investors. Unfortunately you are doing it at dirt cheap prices.
As a consequence you are doing a disfavor to all the AWI wine investors out here! I hope you can be more considerate in your dealing as you are also killing your own business in the long term!
Good luck
Robert Rees says:
November 14, 2011 at 9:03 am (UTC 8)
I am distressed to hear that anybody would think that we are doing a “disfavor” to anybody wishing to sell their wines. I cannot comment on how much you may have paid for your wines, but what I can assure you and anybody who wishes to sell their wines through our sales portal that we utilize many different global and domestic pricing models in order to arrive at an evaluation of an accurate and efficient price and in agreement with the seller, we proceed to exit them from their holdings quickly and effectively, with rapid and accurate payment.
We have serviced many grateful people and as a consequence we do not advertise the service and rely on referrals only. With this commitment to service and action, we have sold thousands of dollars worth of wines which otherwise would still be gathering dust in expensive storage.
I wish you good luck with your endeavors and reaffirm our commitment to helping those who otherwise would be stuck with an asset which cannot be liquidated.
alex says:
December 7, 2011 at 12:31 pm (UTC 8)
Any AWI investor manage to liquidate their wine through other sources? What is the procedure and any additional cost incurred?
Robert Rees says:
December 8, 2011 at 11:07 am (UTC 8)
We have been assisting many people to sell their wines. If you would like to send me your list of wines I will do an evaluation for you. Our next sale of investment wine stock is in February.
Andrew Tay says:
December 9, 2011 at 1:32 am (UTC 8)
Robert, can u let me hv yur email address?
Robert Rees says:
December 9, 2011 at 11:12 am (UTC 8)
You can reach me on robert@wineexchangeasia.com
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