Showing posts with label The Drinks Business. Show all posts
Showing posts with label The Drinks Business. Show all posts
Saturday, 26 November 2016
Photos from the launch of Everledger/ Chai Wine Vault's on-line provenance record
Part of Maureen Downey's collection of fakes
Rupert Millar (The Drinks Business) checking
a label under the guidance of Maureen Downey
"Oh dear this Pétrus 1945 bought
in Deptford Market may be a fake!!!"
Maureen offers Rupert guidance
Leoni Runge from Everledger explaining the new link up
between them and Chai Wine Vaults.
Previously Everledger was providing on-line provenance
for diamonds
Providing provenance for diamonds
A real 2001 Château Margaux with a
fake 1934 La Tache
(above and below)
Yesterday evening there was a brief presentation at 67 Pall Mall of new system from Everledger for providing an 'immutable' on-line record of high value wine. if this takes off this should provide a full record of a wine, who has owned it and where it has been stored etc. that cannot be tampered with.
If it becomes widespread for fine wine, it could also provide wine investors that companies, who have been persuaded them to buy wine as an investment, that this actually exists. This ought to make frauds perpetuated by companies such as The Bordeaux Wine Trading Company and Bordeaux Fine Wine Ltd, who failed to buy wine that their investor clients bought. Unfortunately this is unlikely to be foolproof as fraudsters target the elderly who may well not be aware of this new system.
Nick Martin of Wine Owners
Nick thinks that his company may well adopt the new system
The fake 1934 La Tache with the torch
that is an essential tool of trade to authenticate a wine
Monday, 23 May 2016
Noble Crus Wine Fund – news from beyond the grave
Nobles Crus wine fund closed down in 2013
liquidated in 2014
Although the controversial Nobles Crus wine fund was liquidated in 2014, it continues to make headlines beyond the company grave. Some lots in a recent Baghera Wines auction that featured substantial quantities of DRC wines were withdrawn over concerns whether some of the wines were genuine. Although Baghera Wines claimed that the wines came from a single Swiss collector, it appears that at least some of the wines came from the Nobles Crus wine fund.
Nobles Crus was unusual in having holding a significant proportion of pre-1982 vintages, which raised questions at the time whether the provenance of these wines could be fully authenticated.
Today's story by Rupert Millar from The Drinks Business:
'Nobles Crus claims mar Baghera sale
Concerns over the provenance and authenticity of several lots of Burgundy have clouded the results of Swiss auction house, Baghera Wines’, latest sale, with claims much of the consigned Burgundy was sourced from failed wine fund, Nobles Crus.
The new, Swiss-based auction house conducted only its second sale in Geneva at the weekend, a sale dominated by over 1,000 bottles of Domaine de la Romanée-Conti.The sale made CHF 6.2 million in total, CHF 4.2m of which was made from the very large consignment of Burgundy. Baghera Wines said before the sale and repeated to the drinks business that the DRC collection had all been stored at the Geneva Freeport since they were bought and that they came from the collection of a single, Swiss collector.
In an increasingly predictable pattern, shortly before the sale LA-based lawyer, Don Cornwell, posted on the Wine Berserkers forum that there were serious doubts about the provenance and authenticity of several lots being offered.
Cornwell pointed out that 19 lots were, in his judgment, either “outright counterfeit or which fail to conform to known standards for those wines and thus should not in good conscience be sold and should be withdrawn.”
He added a further 30-40 lots, especially some older Yquem vintages, were the cause for “serious questions”.
Read the rest here
Extract from a post (23rd November 2012 – Jim's Loire) on Nobles Crus.
Nobles Crus wine fund: some responses from Elite Advisers and the untested multi-million euro question
'It is not known how
Ernst & Young will be able to produce robust valuations for the old
wines bought from a variety of sources including merchants, restaurants
and private collections. They may well have an extended stay in
Switzerland where the Nobles Crus wines are stored – inspecting bottles
individually assessing labels, the fill levels in bottles and their
provenance – 'the intangible factors'. Provenance is decidedly tricky
for very old vintages; a robust provenance may be almost impossible to
establish. This is not to suggest for a moment that Elite Advisers did
not buy in good faith; it is just the nature of the beast and why older
vintages are, by their nature, illiquid especially if you have to sell a
large number at one time.
One has to wonder
whether Ernst & Young have the necessary expertise in-house to carry
out such specialist work or will they be calling in experts?'
Extract from post on Jim's Loire – 23.11.2012
http://jimsloire.blogspot.co.uk/2012/11/nobles-crus-wine-fund-some-responses.html
Monday, 24 February 2014
The court appearance of Emmanuel Giboulot will now be followed by that of Olivier Cousin
Emmanuel Giboulot@Renaissance tasting, Angers 2nd February 2014
Emmanuel Giboulot has now appeared before the court in Dijon where the prosecution has asked for a fine of 1000€ with 500€ suspended. If granted there will presumably be conditions attached to the suspended 500€. The judge will be giving her verdict on Monday 7th April at 13.30.
Would the prosecution have
asked for a more severe penalty if there had been such a show of support for
Giboulot through the petition organised by the Institut pour la Protection de
la Santé Naturelle with 481,746 signatures by 11.52 CET today? Not forgotting the thousand or so people who turned up in front of the court in support.
Photo of the crowd on twitter posted by Samuel Peltier
@SamuelPeltier today
The next vinous court appearance will be next week on Wednesay March 5th when Olivier Cousin will be up before the court at Angers on the 'Anjou Pur Breton' labelling charge. Cousin appeared in court on 2nd October 2013 but the trial was put back until a week on Wednesday. Will the prosecution be asking for a similar fine to that demanded in the case of Emmanuel Giboulot or will it be more substantial. I assume that similarly judgment won't actually be given that day but some weeks later.
Once again there will be a picnic in front of the Angers court house in the Place Leclerc from Noon.
Olivier Cousin with one of his horses@Angers 2nd October 201
A couple of scenes from last October's picnic
•••
Not 40,000 signatures but nearly 500,000!
There has been some comment about the inaccuracy of some wine blogs. However, it cannot be said that the traditional media where entirely accurate in their reporting of the petition in support of Emmanuel Giboulot. Both the Guardian and The Drinks Business got it well wrong:
The Guardian
'More
than 41,000 supporters of Giboulot have signed a petition calling for the charges against him to be dropped, and
dozens are expected to attend a picnic outside the court in Dijon on Monday.'
The Drinks Business 24th
February, 2014
'His cause has
elicited much support and an internet petition launched by l’Institut pour
la Protection de la Santé Naturelle (IPSN), has already gained over 40,000
signatures.'
Thursday, 27 December 2012
Jim's Loire's awards for 2012
My tasting of the year: three centuries of Bourgueil
We have decided to join the annual end of year doling out
of awards:
Investigative story of the year
The part played by Don Cornwell on the Wine Berserkers thread in the exposure and arrest of Rudy Kurniawan in particular the Burgundies due to be auctioned by Spectrum Wine Auctions and Vanquish Wine Ltd of London on 8th February 2012 until the lots were pulled just before the auction.
Investigative story of the year
The part played by Don Cornwell on the Wine Berserkers thread in the exposure and arrest of Rudy Kurniawan in particular the Burgundies due to be auctioned by Spectrum Wine Auctions and Vanquish Wine Ltd of London on 8th February 2012 until the lots were pulled just before the auction.
The full
repercussions of RK's arrest and charges of counterfeiting are yet to be known.
If he is found guilty, will he sing and implicate any associates? Or was he
just a lone operator?
What full effect
will a guilty verdict have on the fine wine market remains to be seen.
Runner-ups
Le VifL'Expess and FT: valuation of Nobles Crus wine fund
At the end of September questions were raised by Le Vif L'Express and the Financial Times over the valuation of the Nobles Crus wine investment fund run by Elite Advisers. Despite a number of attempts to rubbish Liv-Ex data, which is used to value at least ten other wine investment funds, questions over the validity of the valuations remain.
Runner-ups
Le VifL'Expess and FT: valuation of Nobles Crus wine fund
At the end of September questions were raised by Le Vif L'Express and the Financial Times over the valuation of the Nobles Crus wine investment fund run by Elite Advisers. Despite a number of attempts to rubbish Liv-Ex data, which is used to value at least ten other wine investment funds, questions over the validity of the valuations remain.
Vincent Pousson
For naming the leading investor in the Wine Advocate Robert
Parker's apparent sale of his magazine and media interests and his move to
semi-retirement. Remaining true to tradition Parker's announcement was released
by Hamfisted PR Advisers.
URLs: http://ideesliquidesetsolides.blogspot.co.uk/2012/12/robert-parker-sest-vendu.html
and http://ideesliquidesetsolides.blogspot.co.uk/2012/12/qui-achete-parker.html
Event of the year
EWBC - Digital Wine Communicators of the Year Conference in Izmir
My wine of the year plus tasting of the year
EWBC - Digital Wine Communicators of the Year Conference in Izmir
My wine of the year plus tasting of the year
1893 Bourgueil from Lamé Delisle Bouchard and the extraordinary tasting very
generously given to Les 5 du Vin in the magic cellars of Lamé
Delisle Bouchard.
Very close second:
Tasting of museum stock of Domaine Huet (Vouvray) back to 1924 with Noël Pinguet in London to mark the purchase by Berry Bros & Rudd of all the stock of old Huet vintages from 1975 to 1919 and 1989.
France 2 labels 1855 as an 'arnaque'
Investor
of the year:
Jean-Pierre Meyers who finally decided that the reputation of Internet wine company 1855 was too toxic and withdrew his money.
Jean-Pierre Meyers who finally decided that the reputation of Internet wine company 1855 was too toxic and withdrew his money.
‘Arnaque’ share of the year:
1855 – over the past few months its value has oscillated between 0.02€ and 0.03€. Will it fall further in 2013? Does 0.01€ beckon?
Not even a bat's
squeak award
Union des Grands Crus de
Bordeaux for having remained dumb and mute despite 1855 continuing to trash its
members’ reputation and that of en primeur in general. Will Olivier Bernard, the newly
elected president, follow the lead recently set by Philippe Castéja and the
Conseil des Grands Crus Classés en 1855?
Best cycling commentary
French commentary on Mark Cavendish's brilliant sprint win in Brive.
Solicitor’s
letter of the year:
Mischon de
Reya sent on behalf of Elite Advisers, custodians of the Nobles Crus Wine Fund
(December 17th 2012) – who ‘have general concerns as to the nature and
tone of your articles’.
French commentary on Mark Cavendish's brilliant sprint win in Brive.
Looking to the
future
Good luck to
Natalie MacLean’s new website – The Purloined Review (EAP – att) – to
be launched early in the New Year.
Hilarious harassment claim of the year:
Pancho Campo's claim that I had harassed his family, which was made in an
‘interview' published in The Drinks Business (26th September 2012) http://www.thedrinksbusiness.com/2012/09/pancho-speaks-out-on-campogate-and-his-plans-for-the-future/
Do you feel
you were unfairly victimised in the so-called Campogate affair?
‘What do you
think? This started back in 2009, when blogger [Jim] Budd called me regarding
the Interpol issue. At first I did not think anything of it, but then he began
to demand answers to his questions, or else he would assume that the
accusations against me were true. Quite frankly, I did not feel obliged to
answer to him. I guess he never forgave me for ignoring him, so then his
obsession got out of hand, to the point he has harassed some of my
collaborators, my closest relatives and some of their business associates who
have nothing to do with wine, quite disturbing because he has done this non
stop for more than 3 years.’
This is Pancho
Campo (sin MW) at his inventive best. If there was indeed harassment of Campo’s
closest relatives I unreservedly condemn this.
Naturally The Drinks Business didn't bother to contact me before publishing this tripe. I have had very little contact with any of Campo’s relatives or business associates. In early September 2009 I spoke very briefly on the phone once to Melissa Butler, Campo’s wife, when trying to contact Campo for a comment on the Interpol red notice story that Adam Lechmere and I would run on decanter.com (4th September 2012).
Naturally The Drinks Business didn't bother to contact me before publishing this tripe. I have had very little contact with any of Campo’s relatives or business associates. In early September 2009 I spoke very briefly on the phone once to Melissa Butler, Campo’s wife, when trying to contact Campo for a comment on the Interpol red notice story that Adam Lechmere and I would run on decanter.com (4th September 2012).
I
also emailed James Butler, Campo's father-in-law, in November 2009 regarding the
short lived CIE Marbella – Centre for
International Education of Marbella. Butler was president, which claimed to
have affiliations with universities in the United States as well as Middlesex
University. CIE did have indeed have affiliations with American Universities arranged
by Butler as stated but not with Middlesex, although the University had held
some inconclusive discussions with Campo.
Publicity material for the CIE Marbella
Wine courses offered by The Wine Academy including Christie's Wine Course
Campo
was also preparing to claim that his Wine Academy could offer Christie’s Wine Courses.
Totally untrue as he had been very firmly told by Irmgard
Pickering, managing director of Christie’s Education, that Christie's Education do not outsource their courses and he wasn't going to be an exception.
A call from Pancho Campo to Interpol cleared his name!!
There were other gems in the 'interview':
Managing to
overturn the Interpol Red Notice:
PC: ‘Once
we found out about the situation only in 2009, I contacted headquarters in
Lyon, sent the papers they requested and my name was removed immediately. It
was so clear that I didn't need a lawyer.’
These are brazen lies from Pancho Campo (sin MW). He must have been aware he could safely
say whatever came into his head completely secure in the knowledge that his faithful scribe,
editor of The Drinks Business, would not be doing any fact checking.
Campo certainly knew by sometime in
March 2009 that he was wanted by Interpol as he was stopped and questioned for
a number of hours when he passed through Paris Charles de Gaulle Airport. After
this Campo couldn't travel to the USA for fear of being arrested, so had to
send others to run his Spanish wine educational programme. In late
September/early October 2009 Campo nominally stepped down from running Wine FutureRioja (http://www.decanter.com/news/wine-news/484201/pancho-campo-resigns-to-focus-on-clearing-name).
His name was not finally removed from the Interpol wanted list until the second half of July 2010.
Rather than a simple phone call it is
more likely that getting his name off the Interpol list cost Campo a
considerable sum in lawyers’
fees.
In The Drinks
Business ‘interview’ Campo also claimed that Harold Heckle and I somehow
manipulated the emails. Why Pancho imagines that we would need to alter the
highly incriminating email he sent from Tuscany is beyond me.
Previous contenders for this harassment award have included
the feisty entrepreneur Stephen Cleeve who claimed through his media lawyers
that I was harassing him and breaching his privacy.
(http://investdrinks-blog.blogspot.co.uk/2011/06/harassment-privacy-press-freedom-and.html)
Memories of
the Olympics
In this
Olympic year it is good to be able look back 20 years to the Barcelona Olympics
and to enjoy footage of one of Chile’s great and authentic sporting heroes.
Unfortunately it would appear that this video helped to persuade Miguel Torres
that he should have nothing to do with the much-vaunted Future Economy
Barcelona 2012, disappointingly had to be cancelled ignominiously a few days
before it was due to take place.
.
Monday, 10 September 2012
Alan Lodge International Young Spirits Writer of the Year Award launched
Alan Lodge, who died suddenly in February aged 29
From Patrick Schmitt, The Drinks Business:
The first ever award for spirits writers
under the age of 35 has been officially launched in memory of Alan Lodge, news
and website editor of the drinks business, who died
tragically in February this year, aged 29.
The award, conceived by ourselves and friends of
Alan, is designed to reward able young writers worldwide who have a passion for
spirits.
It was inspired by the urge to celebrate Alan’s
journalist talent and the realisation that although there are awards for wine
and beer scribes, there is no international award for those who write about
spirits.
We have recruited a totally independent
team to judge the entries, while Ardbeg, Alan’s favourite Scotch, has kindly
agreed to support the award, offering £1,000 in prize money for the winner and
an all expenses paid trip to the Ardbeg distillery.
The award is free to enter and submissions
must be published in English either in print or online between September 2011
and September this year.
Up to four entries can be submitted and
should reach us by 28 September. Please email them to info@thespiritsbusiness.com
with the subect box heading: “Alan Lodge International Young Spirits Writer of
the Year Award”.
The winner will be announced at The Spirits
Masters Awards lunch in central London on Tuesday 20 November, where the winner
will (we hope) attend as our guest.
For further information please contact
Daisy Jones, associate publisher, The Spirits Business on + 44 (0) 20 7803 2452
or email daisy@thespiritsbusiness.com
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