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Reviews ( 72 )
Peter Buckner
2024.12.12
I have had a terrible experience investing in this company, over one year later. They called and hounded me every week for months and months until I finally invested and then simply wanted more and more money. When I finally told them I wanted to sell before making any further purchases, suddenly they lost interest and fell silent. Months now pass without updates.
When you analyse LAX on Companies House you will question their integrity and stability as a company. If you are passionate about art, I would recommend looking elsewhere for better value and if you simply want to invest, you will be well advised to put your money elsewhere. These guys want to sell at hyper inflated prices and cannot seem to sell any of your art investments on at the price you purchased at, let alone a profit.
LAX have broken promises in terms of print sale returns and different advisers (at last count I've had 5) tell you different things. Buyer beware and trust LAX at your peril.
After 6 weeks of trying to resolve issues by escalating to the CEO, I have all but completely lost confidence in this company getting my money back in the timescales promised.
Please reach out if you're in the same position. I know I'm not alone.
Dear Peter Buckner,
Thank you for sharing your concerns. We’re truly sorry to hear about your dissatisfaction and any frustration you’ve experienced with us. It is never our intention for a client to feel pressured, unheard, or let down, and I’d like to take this opportunity to address the points you’ve raised.
Firstly, we take all feedback seriously and aim to ensure that every client feels supported throughout their investment journey. I understand there have been delays in communication and inconsistencies with advice, which we acknowledge as areas we are working to improve.
In terms of selling artwork, as with any alternative investment, art requires time to appreciate and achieve its full potential in the market. It is important to note that short-term resale may not yield the financial returns expected. That said, we aim to align expectations with market realities at the outset, and I am sorry if this was not made clearer to you initially.
After our last conversation, I can confirm that your pieces have been placed on the available stock list and are currently being actively promoted to our network of collectors and buyers. We are optimistic that these efforts will lead to a successful sale in the coming weeks or months ahead.
Regarding promises of print sales and returns, I would be grateful for the opportunity to review your case in detail and clarify any miscommunications. It is crucial for us to rebuild your confidence and provide a tailored resolution.
We want to address your concerns comprehensively and invite you to contact me directly at [insert email/phone number]. We are committed to rectifying this situation and ensuring transparency in all our dealings.
Lastly, I want to assure you that London Art Exchange operates with full regulatory compliance, and we are actively strengthening our processes to ensure all clients receive a consistent, high-quality experience.
Thank you for holding us accountable. I hope we can resolve this matter to your satisfaction and rebuild your trust in our services.
Warm regards,
Giselle Cohen
Client Relations Manager
London Art Exchange
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