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(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 28
    More: Dumbass, wineries, Steve Kroft, Wine Spectator  
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5365 clicks; posted to Main » on 22 Dec 2013 at 4:01 PM (38 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest

2013-12-22 02:31:15 PM
7 votes:
A billionaire cheats you and he will probably have to apologize, maybe write a letter. Pay a fine.

If you cheat a billionaire, you will go to jail.
2013-12-22 04:13:36 PM
6 votes:

stuartwoodmusic.files.wordpress.com


schadenfreude - schadenfreude...

2013-12-22 01:10:47 PM
5 votes:
LOL! MARKET FORCES WILL CORRECT THE ISSUE IN TIME!
2013-12-22 01:46:44 PM
3 votes:
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.
2013-12-22 04:29:24 PM
2 votes:
s18.postimg.org
2013-12-22 04:16:00 PM
2 votes:
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.
2013-12-22 04:10:57 PM
2 votes:
mesosyn.com
2013-12-22 04:10:33 PM
2 votes:

shanrick: There's a third Koch?


Yeah. This is the one that's only worth about a tenth of what the two hyperpolitical ones are.  The one who's more into the living the richy-rich lifestyle (the absurd wine cellar, Americas Cup yachting, fine arts), as opposed to the one with a compound in Wichita, penny-pinching on his employees, and whose only real goal in life appears to be making America shiattier.
2013-12-22 04:06:29 PM
2 votes:
Koch only deserves a coca sampler box, with dried feces flakes instead of the cocoa.
2013-12-22 02:31:18 PM
2 votes:
Much as I'd like to wipe my butt with a Koch product, their toilet paper is more like cardboard. I'm avoiding all their products now when possible.
2013-12-22 09:23:01 PM
1 votes:
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 07:00:10 PM
1 votes:

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 06:58:43 PM
1 votes:
Honestly, the only interest in this I can drum up is that I can post this.
25.media.tumblr.com
2013-12-22 06:18:58 PM
1 votes:

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 05:50:44 PM
1 votes:

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 05:22:36 PM
1 votes:

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 04:52:27 PM
1 votes:
Awwww.  Couldn't happen to a slimier sack of shiat.
2013-12-22 04:48:34 PM
1 votes:

mrlewish: This can be solved by free market solutions and less government regulations. and Tax cuts for the rich.


This IS a free market solution.

There is demand for fancy bottles that are (most likely) filled with undrinkable liquids that the very rich use to show off to their peer group.  Since the supply of bottles is very small, these courageous entrepreneurs have stepped up to the plate, and have begun manufacturing products to meet the demand.  But once again the mainstream media shows its anti-business by painting these creative capitalists in the worst possible light.

Shameful, really.
2013-12-22 04:44:00 PM
1 votes:

OHDUDENESS: ITT, lotsa butthurt libs.


It's hard to be butthurt when you're laughing.
2013-12-22 04:43:57 PM
1 votes:
I'm finding it ~really~ hard to give a fark about this guy's losses.

Largely, because I'm laughing so hard.
2013-12-22 04:42:50 PM
1 votes:
Mr. Kurniawan should probably avoid any invitations to inspect Mr. Koch's recent acquisition of Amontillado.
2013-12-22 04:41:24 PM
1 votes:
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
2013-12-22 04:26:55 PM
1 votes:
When the rich steal from the poor it isn't a crime, when the poor steal from the rich it's a serious crime.
2013-12-22 04:19:43 PM
1 votes:
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?
2013-12-22 04:19:40 PM
1 votes:

Lawnchair: shanrick: There's a third Koch?

Yeah. This is the one that's only worth about a tenth of what the two hyperpolitical ones are.  The one who's more into the living the richy-rich lifestyle (the absurd wine cellar, Americas Cup yachting, fine arts), as opposed to the one with a compound in Wichita, penny-pinching on his employees, and whose only real goal in life appears to be making America shiattier.


I was wondering why they were doing a puff piece about wine counterfeiting instead of asking him about how much money he's spent on counterfeit political advertising.
2013-12-22 04:18:11 PM
1 votes:
Still liquid in the bottle, maybe. After almost 300 years, aint wine anymore in any case.
/then again I don't understand coin collecting either, where a farkup can make something more valuable
//and the most important thing is that it was never used for its intended purpose
2013-12-22 04:13:49 PM
1 votes:
I'm more than a little upset that my high school guidance counselor never pointed out that 'Wine Detective' was a career option.
2013-12-22 02:21:32 PM
1 votes:
We must organize a telethon! Get Bono and Sting to sing for Wine-Aid
 
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