Great Article from Slate on Fraudulent Wines

Have you read 'The Billionaire's Vinegar'?  It is a great book that is available here, and details how high priced wine auctions created a market for fraudulent bottles of rarities like 1921 Petrus magnums.  The Slate article (click the logo below) is a boiled down version of the book and is up to date on the legal fallout that has recently occurred.

As it turns out Petrus didn't bottle magnums in the 20's, but they did sell some juice to négociants that could have put it into a magnum... you get the point.  Now there are lots of law suits flying around, and the big auction houses are right in the middle of it.  It is a fascinating subject that is unfolding as we speak.  Millionaire collectors have decided to go after their supplier counterparts, which consist of the auction houses as well as the people who supplied resellers with the items in question.

The story is, in my opinion, quite interesting and worth taking a look at.  The logo is a link to the full article on slate.com.  If you feel like you have the time-I would recommend taking a peek at the full book as well.  Enjoy!

Slate.com Article on Fraudulent Wines

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2 Responses to “Great Article from Slate on Fraudulent Wines”

  • I have a bottle of 82 Petrus in my cellar. What is it worth? Who will buy it from me?? AK

  • OH. Collectible would be a gross understatement, to say the least. I'd be happy to take it off your hand, but not at market price! There are a couple different routes you can go if trying to sell something of that caliber. In terms of price... it is always a good idea to look at http://www.wine-searcher.com to see what the market looks like. If you type in 1982 Petrus the prices range from $3,200 to $8,000. There are a number of companies that exist because they are good at sourcing items like the 82' you are thinking of selling. I will get in touch with a couple people and get back to you, if you are serious.

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