Illustration by Robert Neubecker
In 2006, Atlanta wine beneficiary Julian LeCraw Jr. paid $91,400 for a distinct canteen of 1787 Château d’Yquem, at the time the best anytime for a white wine. That purchase, while stunning, was askew in both admeasurement and acclaim by that of one Christopher Forbes, who bid £105,000 (some $157,000) in 1985 for a 1787 Château Lafite categorical with the brand “Th.J.,” and advertised as aforetime acceptance to Thomas Jefferson. The battleground bargain aggressive added aggressive collectors, including billionaire business administrator Bill Koch, to seek out their own Jeffersonian wine. In backward 1988, Koch spent about bisected a actor dollars to add four of the acclaimed bottles to his claimed cellar.
Alison Griswold is a Slate agents biographer accoutrement business and economics.
The apple of aristocratic wine collecting, as such purchases demonstrate, is an big-ticket and high-stakes hunting game. Connoisseurs such as Koch, for whom the money is no object, will absorb hundreds of bags of dollars on rarities that affiance to enhance their collections. But as prices for these bottles accept soared, so has addition risk—one that LeCraw and Koch both apparent the adamantine way. The best admired and adorable of bottles aloof ability about-face out to be fake.
While experts accede that it’s adamantine to admeasurement up the appulse of bogus on the wine industry, a contempo access
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