Assess their risks, liquidity, investments, returns, timeframes and other terms
Invest in fractionalized fine wine collections and rare spirits
Invest in wine and whiskey
Investing with Vint carries inherent risks, including market volatility and economic fluctuations that can impact the value of wine and spirits collections. The lack of a secondary market further increases risk by limiting early exit opportunities for investors.
Investing with Vinovest involves market fluctuation risks, potential loss from early sale fees, limited insurance coverage, and no guarantee of liquidity or fair value realization on the secondary market.
Vint currently does not offer a secondary market for the trading of interests in its wine and spirits collections, which means that investors generally lack immediate liquidity options.
Vinovest permits selling of assets with no extra commissions but charges a 1.5% listing fee for sales made before the ideal time window. Liquidity is not guaranteed and depends on market demand.
Vint has achieved a net annualized return of 28.7%, calculated from realized exits of its investment offerings, reflecting the aggregate average performance of the platform's assets under management.
Between 2015 and 2022, whiskey and fine wine have historically generated annual returns of 13.8% and 8.9%, respectively.
Vint's investment time horizon for its collections spans 1 to 3 years on average.
Vinovest offers three time horizons for wine investment: short-term (5-7 years), medium-term (7-10 years), and long-term (10+ years), with customization options for higher-tier clients.
Investment opportunities with Vint are open to accredited investors, who must satisfy certain SEC-mandated financial criteria.
Vinovest is open to investors who can meet the platform's minimum investment thresholds, catering to a wide audience from beginners to seasoned collectors and various entities.
The wine and spirits market experiences volatility, which can lead to rapid changes in the value of Vint's collections.
Vinovest's assets, like wine and whiskey, can face market volatility with swift price changes, posing risks of financial loss for short-term investors.
Vint adheres to SEC regulations by providing offering circulars for public investment and undergoes regular audits to maintain financial transparency and regulatory compliance.
Vinovest is audited annually by insurers and an independent auditor but is not SEC-regulated as it does not deal in securities.
Vint's investment assets are professionally stored and fully insured, with a strategic focus on location, primarily in the UK and additional facilities in the US, to align with potential sale markets.
Vinovest insures client assets against damage, with reimbursement at full market value, although not all loss scenarios may be covered.
Vint does not issue regular dividends; returns are generated from the sale of assets at a gain.
Investors receive funds from Vint after a collection is sold and proceeds are distributed, less any applicable fees.
Investors get money back from Vinovest after selling matured or scarce wines, generally within a 10 to 15-year timeframe.
Vint applies a transaction fee of 2.85% on both the purchase and sale of wine shares, encompassing costs for acquisition, storage, insurance, and selling. Additionally, there is a spread fee of 1.5% applied to the transactions of wine shares.
Vinovest charges tiered management fees: 2.5% (Standard), 2.35% (Plus), 2.15% (Premier), and 1.90% (Grand Cru), applied only on invested capital. A 1.5% selling fee is incurred upon sale, with free listing.
After a collection sale, Vint issues pro-rata proceeds to shareholders and provides a 1099-DIV for tax reporting, prioritizing the settlement of any liabilities first.
Wine gains taxation through Vinovest depends on location: taxed as collectibles in the U.S., often exempt in the U.K., with similar exemptions in other countries. Vinovest provides monthly and annual statements for tax reporting, not 1099 forms.