*Please note that there are items in your cart that are warehoused outside of your requested shipping area. You will receive a link to create a new password via email. 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. On entering, they made a startling discovery: a counterfeiting factory, with scores of bottles seemingly in the process of being turned into fakes. 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. ‘This is a big victory for consumers,’ said Koch, who has spent more than $25m chasing alleged counterfeiters and was recently filmed choking back tears during a television documentary on the number of purported fake wines in his home cellar. In December 2012, industry magazine Drinks Business named Maureen as one of the “Top 50 Most Powerful Women in Wine”. In one auction at Acker Merrall & Condit in 2006, Kurniawan sold $24.7m of wine, beating the previous record by $10m. In April 2008, multiple lots of Burgundy from Domaine Ponsot were pulled from an Acker auction after proprietor Laurent Ponsot called Acker president John Kapon to say the wine was fake. Neither Koch nor Acker would disclose the fee that the New York-based auction house will hand over, but Koch said it was a ‘significant payment’. When I spoke with Kapon recently, he insisted that Acker was among Kurniawan’s victims and that he had never knowingly sold fake wines. Also connected to the group was Rudy Kurniawan, the infamous wine counterfeiter who is now serving time in federal prison. 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. The wine was bought by the consignor through Zachys in 2012. Everyone I know has no problem with masks and social distancing; one would think this wouldn’t be an issue. 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. We track website preferences, provide product recommendations, and record anonymized data about your site visit with cookies. {"api":{"host":"https:\/\/pinot.decanter.com","authorization":"Bearer N2Q3YTQ0OTg0ODQ3NWRkM2M3Y2MyMzNkNTk1NWQyMjlmZmE3MDI0YjQ2NGMwZTkzMGQzMDA3NmE4YWE3M2M5NQ","version":"2.0"},"piano":{"sandbox":"false","aid":"6qv8OniKQO","rid":"RJXC8OC","offerId":"OFPHMJWYB8UK","offerTemplateId":"OFPHMJWYB8UK","wcTemplateId":"OTOW5EUWVZ4B"}}, {"location":"Keystone Header","subscribeText":"Subscribe Now","version":"2","menuWidgetTitle":"","myAccountLnk":"\/wine-reviews\/account","premiumLnk":"\/subscribe","menuLnks":{"2":{"text":"My Wines","href":"\/wine-reviews\/my-wines"}},"colors":{"text":"#ffffff","button":"#decc8f","link":"#ffffff"}}, Decanter World Wine Awards 2021 open for entries, Brexit deal offers boost for wine but concerns linger. Acker sold many bottles consigned by convicted wine fraudster Rudy Kurniawan, although the auction house has always denied wrongdoing. He also settled out-of-court with Royal Wine Merchants, which is now banned from selling any wine prior to the 1976 vintage. The palate was meaty, rich and hearty, younger than the Mondavi and more wound, but ultimately not as satisfying. Acker Merrall & Condit, an auction company, broke records by selling US$35 million worth of Kurniawan's wines in 2006 (equivalent to about $44M in 2019). Banner AdSearch EngineWine EventFriend/ReferralAcker Retail StoreFacebookInstagramTwitterOther. Rosania could not be reached for comment. In 2006 alone, he sold $35 million at two single-seller sales. Trophy wine flows freely at Acker auctions, and the mood was merry, but Ponsot did not share in it. Previously, Koch has prevailed in legal actions against wine dealer Hardy Rodenstock and wine collector Eric Greenberg. Unknown to Acker, Mr Kurniawan sold counterfeit wine in two major sales. Please select [Contact Me] to make further shipping arrangements. ‘I am pleased that the auction industry is changing the way business is conducted. Premise Rudy Kurniawan was a rich Indonesian wine collector with a fascination for Burgundy, and he spent millions of dollars on wine and also sold countless bottles of fake wine. Under the laws of Hong Kong and the U.S., intoxicating liquor must not be sold or supplied to a minor in the course of business. The out-of-court settlement ends six years of Koch’s legal action against Acker, which he has accused of selling more than 200 bottles of counterfeit wine at auction. 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. 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. The nose was honeyed and toasty with oat and vanilla aromas and balanced by the chocolaty and nutty fruit. I consent to the collection, use and processing by Acker of the personal information/personal data that I have submitted, in order for Acker to send me its promotional content. Researching 4 article 4 ChinaBzNews w 800k readers. To learn more about how we use cookies, see our Privacy Policy. I consent to the collection, use and processing by Acker of the personal information/personal data that I have submitted, in order for Acker to send me its promotional content. Lost your password? 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. 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. Alarmingly, very few people could tell the difference. Kurniawan’s wines had publicly been called into question as early as April 25, 2008, when Laurent Ponsot, the proprietor of French winemaker Domaine Ponsot, made a surprise visit to an auction hosted by Acker Merrall & Condit in New York to stop the sale of the fake Domaine Ponsot wines. “The fake wine Rudy made and sold represents at least US$550 million in today’s market,” says Downey. There was some signature mint and eucalyptus, good tannins and alcohol there, and a little chocolate rounding out the nose. This is not the first time that Zachys is accused of selling fake wines at auctions. It was nothing more than a friendly wine … Acker, Merrall, & Condit was still owed, as of February 2012, almost $3.5 million from their loans to Kurniawan. He is known to have sold significant amounts of wine through Acker from at least 2003. Thnx While the two gatherings communicated… The term ‘caveat emptor’, or buyer beware, is a common feature of auction houses’ pre-sale brochures. Counterfeits are a big concern for all wine brands, and not just … Consumers will now have more protection from unscrupulous collectors as a result of this settlement. It was a public statement that found the wine gathering world's consideration. Slowly but surely, one must poke one’s head out of the ground and say hi to the world…responsibly, of course. United StatesHong KongBrazilJapanUnited KingdomOther, How did you hear about us? 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.” Some floor wax/cleaner flavors marked it a bit (92). New York auction house Acker Merrall & Condit sold fake wines in 2006 from now convicted fraudster Rudy Kurniawan. Wine Market Journal (Auctions Prices - Christie’s, Sotheby’s, Acker Merrall & Condit, Hart Davis Hart, etc..) Other sources if needed. fake labels of some of the most sought-after wines; an Acker Merrall & Condit wine auction in action; Laurent Ponsot of Domaine Ponsot, who worked closely with the FBI team that arrested Kurniawan T he first and only time i met rudy kurniawan was in 2006 in Los Angeles. The 1978 Heitz Martha's Vineyard closed out the first flight with a very complex yet shy nose. Never before had so many rare vintages of wine been seen in such high quantities. Lee’s next tweet showed how seriously she took the accusation of fake wines at the Acker auction, however: If anyone has evidence of questionable authenticity abt HK auction wines, pls send. 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