Acker sold many bottles consigned by convicted wine fraudster Rudy Kurniawan, although the auction house has always denied wrongdoing. The wine was bought by the consignor through Zachys in 2012. Trophy wine flows freely at Acker auctions, and the mood was merry, but Ponsot did not share in it. Acker sold many bottles consigned by convicted wine fraudster Rudy Kurniawan, although the auction house has always denied wrongdoing. Rosania could not be reached for comment. Please leave this field empty. With close friendships in the wine auction world, Kurniawan spent more and more time selling lots of ‘incredibly rare’ vintages at famed auction houses such as Acker Merrall & Condit and Christie’s. The wines were from Kurniawan's cellar. Consumers will now have more protection from unscrupulous collectors as a result of this settlement. Acker Merrall & Condit’s CEO, John Kapon, at an auction in Hong Kong. The term ‘caveat emptor’, or buyer beware, is a common feature of auction houses’ pre-sale brochures. A 1983 Roumier Bonnes Mares snuck in there, and it was great for me because a) any bottle of Roumier is a special occasion and b) I have had a lot of good luck with the 1983 vintage as of late on the top level. We look forward to continuing to focus on our customers and clients.’. On July 6, extravagance products combination LVMH issued an announcement declaring that a Hong Kong court had settled a case amongst it and worldwide sales management firm Acker Merrall and Condit over a fake jug of Krug Champagne. When I spoke with Kapon recently, he insisted that Acker was among Kurniawan’s victims and that he had never knowingly sold fake wines. Some cookies are essential to make our website work. This has been a different year for everyone, a lot of ‘Home Alone’ on the playlists for sure. The 1978 Heitz Martha's Vineyard closed out the first flight with a very complex yet shy nose. United StatesHong KongBrazilJapanUnited KingdomOther, How did you hear about us? Please select [Contact Me] to make further shipping arrangements. As part of its deal with Koch, Acker has agreed to accept returns of ‘suspect or counterfeit’ wines, regardless of whether it printed disclaimers in its auction catalogues. We have cast a bright light on a dark industry.’, Acker said in a statement, ‘Acker is extremely pleased that its litigation with Mr Koch has been settled and discontinued. In December 2012, industry magazine Drinks Business named Maureen as one of the “Top 50 Most Powerful Women in Wine”. Auction house Acker Merrall & Condit has agreed to pay a lump sum to billionaire wine collector Bill Koch and change its business practices in order to settle legal action over alleged counterfeit fine wines. It was 15 minutes of Bill Koch Unplugged: among other things, he alleged that Acker Merrall is the “biggest seller of fake wines in the United States” and claimed to have heard that John Kapon is “getting ready to flee to a foreign country.” You will receive a link to create a new password via email. According to the Council of Bordeux Wine, 30,000 bottles of fake wine are sold and consumed each hour in China. Earlier this year Vino Joy News first reported that Acker withdrew a 1924 DRC from its Hong Kong auction after American lawyer Don Cornwall questioned its authenticity on WineBerserkers.com. He is known to have sold significant amounts of wine through Acker from at least 2003. The nose was honeyed and toasty with oat and vanilla aromas and balanced by the chocolaty and nutty fruit. Slowly but surely, one must poke one’s head out of the ground and say hi to the world…responsibly, of course. Researching 4 article 4 ChinaBzNews w 800k readers. As a columnist for Wine-Searcher.com, Maureen continually educates collectors and the public about wine collection, wine fraud, and how to avoid fake wines, among other topics. Kurniawan’s downfall dates to an Acker auction in April 2008, when he put up seven lots of red wine from a sought-after Burgundian grower, Domaine Ponsot, at prices up to $70,000 per case. In one auction at Acker Merrall & Condit in 2006, Kurniawan sold $24.7m of wine, beating the previous record by $10m. Prevailed in legal actions against wine dealer Hardy Rodenstock and wine collector Greenberg! Your cart that are warehoused outside of your requested shipping area, although auction... Password via email now convicted fraudster Rudy Kurniawan, although the auction industry is changing the Business... Note that there are items in your cart that are warehoused outside of your requested shipping area merry but. Wine are sold and consumed each hour in China he sold $ million... 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