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And wine counterfeiting isn’t limited to rare collectable ,000 bottles — fraudsters also find profit in hundreds of cases of counterfeit wine.“If somebody tells you

And wine counterfeiting isn’t limited to rare collectable $20,000 bottles — fraudsters also find profit in hundreds of cases of $30 counterfeit wine.“If somebody tells you $1 million of your collection is worth zero, your choices are take a hit or try and unload the stuff,” says Frank Martell, director of fine and rare wine for Heritage Auctions Martell, in the NPR interview.Koch had been the center of controversy over recent collectibles — notably the provenance and “ownership” of the rarest Greek coins ever found.

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And wine counterfeiting isn’t limited to rare collectable $20,000 bottles — fraudsters also find profit in hundreds of cases of $30 counterfeit wine.

“If somebody tells you $1 million of your collection is worth zero, your choices are take a hit or try and unload the stuff,” says Frank Martell, director of fine and rare wine for Heritage Auctions Martell, in the NPR interview.

Koch had been the center of controversy over recent collectibles — notably the provenance and “ownership” of the rarest Greek coins ever found.

(See The Case Of the Contested Coins; A Modern-Day Battle Over Ancient Objects, by Barry Meier, The New York Times, Sept.

“And nobody wants to take a loss.” While the ethics remain in doubt, it does explain why bogus wines continue to circulate among auction houses and private collectors. Let’s look some famous wine-counterfeiting cases that used these methods — and one involving the classic Ponzi scheme.

As chronicled by Benjamin Wallace in his book, “The Billionaire’s Vinegar: The Mystery of the World’s Most Expensive Bottle of Wine” (Crown Publishers, May 2008), German pop-music promoter, wine collector and raconteur Hardy Rodenstock claimed in April 1985 that he knew of a mid-18th-century Parisian home that during demolition exposed a hidden cellar that contained close to 100 bottles of wine — two dozen of which where engraved with the initials “Th.

million of your collection is worth zero, your choices are take a hit or try and unload the stuff,” says Frank Martell, director of fine and rare wine for Heritage Auctions Martell, in the NPR interview.Koch had been the center of controversy over recent collectibles — notably the provenance and “ownership” of the rarest Greek coins ever found.

11, 2014.) Counterfeiters use (often together) two basic methods to imitate an expensive or rare old wine: Fraudsters are increasingly finding it more difficult to counterfeit contemporary fine wines because most producers have embedded anti-counterfeiting methods.However, wine dealers would have to disclose using this sampling system prior to auction sales because it could detract from wines’ values.Maureen Downey, founder of winefraud.com, said in an NPR Morning Edition interview that it’s impossible to detect a counterfeit wine by taste.The winery only made two barrels of it, which is exactly 600 bottles.Counterfeit 1945 Romanée-Conti bottles have been found in every corner of the globe.