So you think you know your fine wine? Think again. It could be counterfeit
on 03/01/17 at 4:13 pmWine
$550M worth of ‘fine’ counterfeit wine is being sold over and over again. Rudy Kurniawan, now serving 10 years in prison for multiple counts of wine fraud for millions of dollars, polluted the fine wine pool with up to 12,000 bottles of fake vintages that are believed to have been manufactured by Kurniawan in 2006 alone. Kurniawan mixed old vintages with newer ones, often California wine, and passed them off as more expensive wines.
So much for wine experts and sommeliers who may think they’re swirling a vintage Romance-Conti or rare 1945 Mouton when it’s really a vintage Rudy Kurniawan. There are few safeguards to protect what you are buying, if is the real thing as just 29% of fine wine producers use anti-fraud technology in their packaging. People are paying thousands of dollars for…a Justin Pinot?
Great book about counterfeit wine: The Billionaire’s Vinegar ”The New York Times bestseller, updated with a new epilogue, that tells the true story of a 1787 Château Lafite Bordeaux—supposedly owned by Thomas Jefferson—that sold for $156,000 at auction and of the eccentrics whose lives intersected with it.” Suggest a nice Italian wine while reading!