Status: Counterfeiting scam
The Washington Post reports on a growing problem in the vintage wine business: bogus vintage wines. Apparently many collectors who shell out thousands of dollars for a rare bottle of wine are discovering that what they bought is a fake:
"The cloud of shame over the last 10 years has been the market for counterfeit trophy wine." Sutcliffe [head of the international wine department at Sotheby's] said there was a psychological block to dealing with the problem because real vintage wine makers in Europe prefer to ignore what is going on as they are afraid of being tarnished with the same brush. "Asian (buyers) tend to ignore the problem because they don't want to lose face, but in America they are waking up to it."
Unfortunately the article doesn't discuss how people discover they've got a bogus vintage wine. Do they taste it and realize that it's plonk? Personally, I doubt I would be able to tell the difference (which is why I'm not a wine collector... though I enjoy wine).
Comments
Just like art, there are numerous tell tale signs that the work in question is counterfeit.
Though, some probably have opened and tasted the wines in question I think the scenarios above are the most likely explanation of just how the wines are determined to be bogus.
He knew all the things to look for to appraise a wine. I the art analogy is the best one here - if you pay a lot of money for art (or wine) without it being appraised, then chances are you will be ripped off.
I guess people like feeling 'upper class' by collecting posh things.
How about using that money to drill a well for people who have nothing at all to drink?
At least that way you could be sure you're getting real water.
Maybe that wine really is incredibly delicious (I guess I'm not likley ever to taste it myself!), but its nutritional value is probably about the same as that of the bottle of wine I bought for $2.99, which tasted pretty good.