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An example of this is when wines are offered to investors at excessively high prices by a company, who then go into planned liquidation. [2] [3] In some cases the wine is never bought for the investor. [4] Losses in the UK have been high, [5] prompting the Department of Trade and Industry and Police to act. [6]
Kurniawan began buying and selling large amounts of rare wines in the early part of the 2000s, [8] spending as much as $1 million a month buying auction lots by 2006. [6] [9] At the same time, he began hosting tastings of rare wines with other collectors; he showed so much affinity for the ultraluxury Burgundy producer, Domaine de la Romanée-Conti, at these events that he became known as "Dr ...
He therefore gave the 1982 Bordeaux vintage a fairly bad review in the March 30, 1983 edition of his newsletter, and recommended his readers buying Bordeaux wines of the 1980 and 1981 vintages instead. [7] Another US wine critic who tasted the 1982s from barrel was Robert M. Parker, Jr., who at this time was much less established than Finigan.
In 2011, a bottle of this 19th century vintage sold at a London auction for $117,000, setting a record for the most expensive bottle of white wine ever sold. Known as one of the greatest vintages ...
For 18 months, most French still wines were hit with a 25% tariff, causing pain throughout the wine industry. What’s being proposed is less onerous — 10% to 20% — but potentially global.
Wine fraud often works by charging excessively high prices for off-vintage or lower-status wines from famous wine regions, while claiming that it is a sound investment unaffected by economic cycles. Efforts made by regulators to stem losses to rogue investment firms include the closing down of companies in the public interest, and cease and ...
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