Exhibit 21.1

 

Subsidiaries of Gaucho Group Holdings, Inc.

 

1. Gaucho Group, Inc., a Delaware corporation (owned 79% by Gaucho Group Holdings)
   
2. InvestProperty Group, LLC, a Delaware limited liability company
   
3. Algodon Global Properties, LLC, a Delaware limited liability company
   
4. DPEC Capital, Inc., a Delaware corporation (dormant)
   
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.)
   
9. Bacchus Collection, Inc., a Delaware corporation (newly-formed, not operating)