Subsidiaries of Algodon Wines & Luxury Development Group, Inc.

 

1.InvestProperty Group, LLC, a Delaware limited liability company

 

2.Algodon Global Properties, LLC, a Delaware limited liability company

 

3.DPEC Capital, Inc., a Delaware corporation

 

4.Mercari Communications Group, Ltd., a Colorado corporation
(owned 96.5% by Algodon Wines & Luxury Development Group, Inc.)

 

5.The Algódon – Recoleta S.R.L., an Argentine Sociedad de Responsabilidad Limitada
(owned 100% through InvestProperty Group, LLC, Algodon Global Properties, LLC, and Algodon Properties II S.R.L.)

 

6.Algodon Europe Limited, a United Kingdom private company
(owned 100% by InvestProperty Group, LLC)

 

7.Algodon Properties II S.R.L., an Argentine Sociedad de Responsabilidad Limitada
(owned 100% through InvestProperty Group, LLC and Algodon Global Properties, LLC)

 

8.Algodon Wine Estates S.R.L., an Argentine Sociedad de Responsabilidad Limitada
(owned 100% through InvestProperty Group, LLC, Algodon Global Properties, LLC, Algodon Properties II S.R.L. and The Algódon – Recoleta S.R.L.)