If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CBS News)   Billionaire William Koch is outraged that he got duped by counterfeit wine makers. Subby will be sure to get him a nanoscopic violin and a box of Trader Joe's Block Red Shiraz for Christmas   (cbsnews.com) divider line 106
    More: Dumbass, wineries, Steve Kroft, Wine Spectator  
•       •       •

5365 clicks; posted to Main » on 22 Dec 2013 at 4:01 PM (35 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



106 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

First | « | 1 | 2 | 3 | » | Last | Show all
 
2013-12-22 04:53:18 PM
I have no problem with someone cheating the Kochs, I hope they get away with it.
 
2013-12-22 04:56:38 PM

TuteTibiImperes: Not saying there aren't excellent forgeries out there, but:

FTFA: He show Teichner a "nice old bottle," a 1737 Lafite. Its label reads "1737 Chateau Lafite Rothschild."  "You know, the Rothschilds didn't own Lafite in 1737," Koch said.

Maybe he should have done a bit of research on the bottle before spending big bucks on it.  If his time is worth more than the two minutes it would have taken to Google the history of the winery, apparently the money he spent on that bottle wasn't that big of a deal to him.


I have drank Thutmose Vodka some this soundes totes legit
 
2013-12-22 05:00:33 PM
 
2013-12-22 05:02:24 PM
The libertarian paradise and the market will just correct this and prevent this person from selling more wine, of course after they have stolen a ton of money from everyone.  I know it is not all libertarians, but so many of the derpers I meet feel that there should be no regulation or legal remedies and that the magic of the free market will solve all problems, instead of realizing that scam artists will take over even more than they do now.  The fact that one of the Koch's got nailed in this is just a happy for me.
 
2013-12-22 05:09:19 PM

shanrick: There's a third Koch?


Like a third nipple, but not cancerous.
 
2013-12-22 05:10:17 PM
i3.kym-cdn.com
 
2013-12-22 05:12:09 PM
This sounds like a job for DHS. Koch would have been better off, not say a lot happier, if he had bought $4.5B in counterfeit Red Sox and Patriot shirts.
 
2013-12-22 05:12:52 PM
Stop wasting my tax dollars on stupid shiat like this please.
 
2013-12-22 05:13:04 PM
AHHHHHHH hahahahahahahahahahahahhahahahahahahahahaHAHAA
*deep breath* hahahahaahahahahahahahahahahahahahahahah!

Phew!
 
2013-12-22 05:13:44 PM

99.998er: This sounds like a job for DHS. Koch would have been better off, not say a lot happier, if he had bought $4.5B in counterfeit Red Sox and Patriot shirts.


$4.5M, although $4.5B would be a lot of fun.
 
2013-12-22 05:15:50 PM
"He says he has spent $4.5 million on 421 bottles of wine that turned out to be counterfeit."

He spent $10,600 per bottle of wine.  That's stupid in and of itself.  Can a wine be worth, what, $500 per glass?  Would you buy anything with that kind of extreme value without an expert to validate it?  Or is throwing yourself on the mercy of the masses as a victim such a good idea in this situation?  I don't know who the thief is, but I give you a big Bravo and Do It Again, for the lulz.
 
2013-12-22 05:17:32 PM
i.imgur.com


wanted for questioning
 
2013-12-22 05:19:31 PM

Aquapope: "He says he has spent $4.5 million on 421 bottles of wine that turned out to be counterfeit."

He spent $10,600 per bottle of wine.  That's stupid in and of itself.  Can a wine be worth, what, $500 per glass?  Would you buy anything with that kind of extreme value without an expert to validate it?  Or is throwing yourself on the mercy of the masses as a victim such a good idea in this situation?  I don't know who the thief is, but I give you a big Bravo and Do It Again, for the lulz.


classichollywoodstars.files.wordpress.com

Wanted for questioning. Okay, maybe not. But I couldn't think of any other con with such a high entertainment value.
 
2013-12-22 05:22:36 PM

LittleSmitty: Does one buy a 250 + year old bottle of wine to drink, or just to say "I have a 250 year old bottle of La-De-Da because I'm a rich douche that can afford it?"

Yeah, I know the answer. I just can't see buying booze to look at.


I'm just trying to wrap my head around the idea of "counterfeit wine" in the first place. My boss told me about this story when it broke, and apparently the guy wasn't just faking the BOTTLES he was actually faking the WINE. In case anyone opened and drank the stuff. He was making FORGED WINE.

I mean, holy crap, what kind of niche crime is that?!?
 
2013-12-22 05:23:33 PM
What he doesn't know is that the detectives are in on the scam. Rake in the consulting fees. An associate buys the "fake" wine off him for a pittance as a novelty & suddenly finds out they were all wrong - it's genuine.

Who knew!
 
2013-12-22 05:24:06 PM

jonr: [i3.kym-cdn.com image 400x525]


This picture is funnier than it appeasrs.
 
2013-12-22 05:26:14 PM
Not that it will make any difference to any of you losers, but this isn't one of the hated Kochs. In fact, this is the liberal Koch who has sued his hyper conservative brothers multiple times.
 
2013-12-22 05:27:00 PM
 Sounds like we have too much regulation on the counterfit wine industry.
 
2013-12-22 05:28:50 PM

Cpl.D: jonr: [i3.kym-cdn.com image 400x525]

This picture is funnier than it appeasrs.


Appeasrsnces can be decscvising.
 
2013-12-22 05:31:52 PM
Did you like how it tasted? Then it was worth what you paid for it.
 
2013-12-22 05:33:14 PM
Would have been better if he had been duped by an exploding colonoscopy.
 
2013-12-22 05:43:50 PM

LargeCanine: Crimes like counterfeiting and fraud are destructive to all societies. Its one of the reasons we have government and contact enforcement.


I'm not sure this is true.  Did the Grateful Dead lose a lot of money because people recorded their concerts?  Did cassette tapes destroy the music industry they were predicted to, or CDs?.Or the internet?  Counterfeiting money is one thing,.. but counterfeiting goods isn't quite the same in terms of affect to an economy.  Would a billion bucks of justin beiber discs be as destructive as a billion bucks of fake dollars?

Besides, if your product is so easily counterfeited, how worthwhile is it?  A good counterfeit is almost a worthwhile product of its own.  (I kid, don't flame)
 
2013-12-22 05:50:44 PM

LargeCanine: Crimes like counterfeiting and fraud are destructive to all societies. Its one of the reasons we have government and contact enforcement.


Yes, the genuine makers of 1761 wines has gone out of business because of Chinese fakes...
 
2013-12-22 05:57:00 PM
Looked for both YT clips and GIS photos of the scene from Theater of Blood where Vincent Price's mad thespian upends the critic in a large cask of Malmsley wine by his ankles until the critic stops struggling, but I couldn't find it.


/Ca Ira, etc.
 
2013-12-22 06:17:36 PM
For anyone moderately interested in this, there is a book called the Billionaires Vinegar which describes this, and other cases like it.

Its a fascinating look in to the world of rare wine auctions and the associated counterfeiting.
 
2013-12-22 06:18:58 PM

LargeCanine: Crimes like counterfeiting and fraud are destructive to all societies. Its one of the reasons we have government and contact enforcement.



It's only fraud if you trick someone richer than you. If you trick the poor, it's outsmarting them, and you deserve what you just stole.
 
2013-12-22 06:25:36 PM

Urmuf Hamer: I know there are farkers much smarter than I, but as DNRTMFT, why the fark would anyone except the very weakest of ego maniacs spend anything more than absolutely necessary for a good enough uh, anything? Can life really be so empty and otherwise mesningless that impressing the weakminded with your flagrancy seems a worthy goal? IJDGI & WTF Discuss


The book I mentioned above talks a little about this.  Some of these guys are buying just for the sake of collecting (especially the nouveau riche Chinese) but a lot of them organize super tastings where they get together and taste old wine together.

Its like if you and I got together and brought our favorite bottles of beer or whisky.  Same thing but adjusted for their income.
 
2013-12-22 06:28:16 PM

Gyrfalcon: LittleSmitty: Does one buy a 250 + year old bottle of wine to drink, or just to say "I have a 250 year old bottle of La-De-Da because I'm a rich douche that can afford it?"

Yeah, I know the answer. I just can't see buying booze to look at.

I'm just trying to wrap my head around the idea of "counterfeit wine" in the first place. My boss told me about this story when it broke, and apparently the guy wasn't just faking the BOTTLES he was actually faking the WINE. In case anyone opened and drank the stuff. He was making FORGED WINE.

I mean, holy crap, what kind of niche crime is that?!?


Something has to go in there :)

From what I've read, actually crafting a new wine isn't as common as replacing it with a lesser vintage (as TFA mentions).

Here is different article about a wine critic that dupes her friends with truly forged wine
 
2013-12-22 06:30:17 PM
www.funsted.com
 
2013-12-22 06:37:38 PM

Uranus Megahertz: We must organize a telethon! Get Bono and Sting to sing for Whine-Aid


FIFM
 
2013-12-22 06:37:54 PM
I'd rather spend $10 on an okay wine than $10 grand on something that tastes like moose piss even if it's authentic.

/How delicious do you suppose Thomas Jefferson's wine will be in 2013?
//It's probably just me, but I'd rather drink 18-year-old Scotch than most 18-year-old red wines, let alone one bottled before my great-grandfather was roaming the planet.
 
2013-12-22 06:38:42 PM

Cpl.D: Uranus Megahertz: We must organize a telethon! Get Bono and Sting to sing for Whine-Aid

/FtfKoch


GOD DAMN IT

(shakes tiny fist of anger at Cpl.D)
 
2013-12-22 06:53:31 PM

Gyrfalcon: LittleSmitty: Does one buy a 250 + year old bottle of wine to drink, or just to say "I have a 250 year old bottle of La-De-Da because I'm a rich douche that can afford it?"

Yeah, I know the answer. I just can't see buying booze to look at.

I'm just trying to wrap my head around the idea of "counterfeit wine" in the first place. My boss told me about this story when it broke, and apparently the guy wasn't just faking the BOTTLES he was actually faking the WINE. In case anyone opened and drank the stuff. He was making FORGED WINE.

I mean, holy crap, what kind of niche crime is that?!?


apparently, a highly profitable one!
 
2013-12-22 06:58:43 PM
Honestly, the only interest in this I can drum up is that I can post this.
25.media.tumblr.com
 
2013-12-22 07:00:10 PM

cyberspacedout: Does anyone know the price break after which you're not getting any improvement in wine quality? How old can wine can get before going bad?
If these rich people want to shell out money for nothing, what's the point in complaining if that's what they get?


Peak aging depends on two things: the type of wine you're talking about and who you're talking to, as is usual with anything related to wine making and consumption. Wines with a low water-to-sugar/acid/phenol content are the best for aging, as they tend to be a bit imbalanced while young. The aging process tends to smooth them out. As far as years are concerned, some of the most extreme will peak at about 45 years and will stay there for another 90 (google "Coates Law" for a better explanation).

So, to answer your question... a bottle of 61  Château Lafite Rothschild (the $3500 bottle the wine detective discussed in the clip) would have reached its peak in 20 to 30 years, and remained there for 40 to 60 years. So it would likely be bought to be consumed. The bottles from the 1760s that Koch got swindled on would be far past their peak and likely not be all that great, though 200 year old bottles have been opened and were consumable.
 
2013-12-22 07:22:46 PM

Pappas: cyberspacedout: Does anyone know the price break after which you're not getting any improvement in wine quality? How old can wine can get before going bad?
If these rich people want to shell out money for nothing, what's the point in complaining if that's what they get?

Peak aging depends on two things: the type of wine you're talking about and who you're talking to, as is usual with anything related to wine making and consumption. Wines with a low water-to-sugar/acid/phenol content are the best for aging, as they tend to be a bit imbalanced while young. The aging process tends to smooth them out. As far as years are concerned, some of the most extreme will peak at about 45 years and will stay there for another 90 (google "Coates Law" for a better explanation).

So, to answer your question... a bottle of 61  Château Lafite Rothschild (the $3500 bottle the wine detective discussed in the clip) would have reached its peak in 20 to 30 years, and remained there for 40 to 60 years. So it would likely be bought to be consumed. The bottles from the 1760s that Koch got swindled on would be far past their peak and likely not be all that great, though 200 year old bottles have been opened and were consumable.


However, there are people who really do consume piss, so "consumable" is not saying much.
 
2013-12-22 07:38:33 PM
I don't want to hate the rich, I really don't.  But fark this guy.

He says he has spent $4.5 million on 421 bottles of wine that turned out to be counterfeit. "So it's a pretty big swindle."

And the fact that three Koch Brothers each have personal worth in the billions tells me it is not just about their personal genius creating our jobs.
 
2013-12-22 07:41:10 PM

Spirit Hammer: Pappas: cyberspacedout: Does anyone know the price break after which you're not getting any improvement in wine quality? How old can wine can get before going bad?
If these rich people want to shell out money for nothing, what's the point in complaining if that's what they get?

Peak aging depends on two things: the type of wine you're talking about and who you're talking to, as is usual with anything related to wine making and consumption. Wines with a low water-to-sugar/acid/phenol content are the best for aging, as they tend to be a bit imbalanced while young. The aging process tends to smooth them out. As far as years are concerned, some of the most extreme will peak at about 45 years and will stay there for another 90 (google "Coates Law" for a better explanation).

So, to answer your question... a bottle of 61  Château Lafite Rothschild (the $3500 bottle the wine detective discussed in the clip) would have reached its peak in 20 to 30 years, and remained there for 40 to 60 years. So it would likely be bought to be consumed. The bottles from the 1760s that Koch got swindled on would be far past their peak and likely not be all that great, though 200 year old bottles have been opened and were consumable.

However, there are people who really do consume piss, so "consumable" is not saying much.


Correct. It won't be good at all. Merely not poison.
 
2013-12-22 08:09:14 PM

shanrick: There's a third Koch?


Yes. This is the one who sold out to the other two and who isnt involved in the company or in politics. Doesnt seem to stop the haters though.
 
2013-12-22 08:26:05 PM

ka1axy: Gyrfalcon: LittleSmitty: Does one buy a 250 + year old bottle of wine to drink, or just to say "I have a 250 year old bottle of La-De-Da because I'm a rich douche that can afford it?"

Yeah, I know the answer. I just can't see buying booze to look at.

I'm just trying to wrap my head around the idea of "counterfeit wine" in the first place. My boss told me about this story when it broke, and apparently the guy wasn't just faking the BOTTLES he was actually faking the WINE. In case anyone opened and drank the stuff. He was making FORGED WINE.

I mean, holy crap, what kind of niche crime is that?!?

apparently, a highly profitable one!


I guess--I just never considered niche crime as the next thing in the illicit underworld.
 
2013-12-22 09:07:03 PM
Libertarian biatches when things work like he thinks they should "work" - shocker
 
2013-12-22 09:15:55 PM
I'd post a "I don't give a fark" pic, but I don't give enough of a fark to do that.
 
2013-12-22 09:23:01 PM
I wonder if his tax accountant figured out a way to socialize his losses.

I once tried to write off the cost of Boone's Farm Tickle Pink when my investment with Mary Jane Rottencrotch had disappointing returns.

The IRS was quite amused. The whole building was having a great time with it. Even the guys on the group W bench. And then it got all quiet and still...
 
2013-12-22 09:24:05 PM

Gyrfalcon: LittleSmitty: Does one buy a 250 + year old bottle of wine to drink, or just to say "I have a 250 year old bottle of La-De-Da because I'm a rich douche that can afford it?"

Yeah, I know the answer. I just can't see buying booze to look at.

I'm just trying to wrap my head around the idea of "counterfeit wine" in the first place. My boss told me about this story when it broke, and apparently the guy wasn't just faking the BOTTLES he was actually faking the WINE. In case anyone opened and drank the stuff. He was making FORGED WINE.

I mean, holy crap, what kind of niche crime is that?!?


apparently a lucrative one
 
2013-12-22 09:29:33 PM
www.troll.me
 
2013-12-22 10:10:26 PM
Ok, you pack of tards! You got the wrong Koch. This is the one that hates the other two and has sued them multiple times. But don't let that get in the way of your idiotic indignation.
 
2013-12-22 11:37:46 PM

Aquapope: LargeCanine: Crimes like counterfeiting and fraud are destructive to all societies. Its one of the reasons we have government and contact enforcement.

I'm not sure this is true.  Did the Grateful Dead lose a lot of money because people recorded their concerts?  Did cassette tapes destroy the music industry they were predicted to, or CDs?.Or the internet?  Counterfeiting money is one thing,.. but counterfeiting goods isn't quite the same in terms of affect to an economy.  Would a billion bucks of justin beiber discs be as destructive as a billion bucks of fake dollars?

Besides, if your product is so easily counterfeited, how worthwhile is it?  A good counterfeit is almost a worthwhile product of its own.  (I kid, don't flame)


Well in the case of recorded Grateful Dead concerts, that was part of their marketing strategy and the band made its money on the actual concerts and the thousands of Deadheads who followed them around. They were not hurt by it.

I see your point as to counterfeit goods being worthwhile on their own. Does a counterfeit handbag carry any less stuff? Are "genuine" handbags really just overpriced crap?
 
2013-12-23 12:07:11 AM
China! I knew those sneaky bastards were involved.
 
2013-12-23 12:18:33 AM

TuteTibiImperes: Not saying there aren't excellent forgeries out there, but:

FTFA: He show Teichner a "nice old bottle," a 1737 Lafite. Its label reads "1737 Chateau Lafite Rothschild."  "You know, the Rothschilds didn't own Lafite in 1737," Koch said.

Maybe he should have done a bit of research on the bottle before spending big bucks on it.  If his time is worth more than the two minutes it would have taken to Google the history of the winery, apparently the money he spent on that bottle wasn't that big of a deal to him.


Two minutes of his time is probably worth more than the real bottle. But his personal sommelier is probably looking for work.
 
2013-12-23 01:14:21 AM
Wasn't this on an episode of Bones?
 
Displayed 50 of 106 comments

First | « | 1 | 2 | 3 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is closed to new comments.

Continue Farking
Submit a Link »






Report