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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. 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. Lost your password? Acker's C.E.O., John Kapon, wrote this colorful consignment introduction to Kurniawan's wines in an April 2005 auction catalog, under the headline "AMAZING GRACE": ‘I am pleased that the auction industry is changing the way business is conducted. 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. Consumers will now have more protection from unscrupulous collectors as a result of this settlement. Acker will also submit all of its pre-1970 vintage wines to expert authentication. When I spoke with Kapon recently, he insisted that Acker was among Kurniawan’s victims and that he had never knowingly sold fake wines. It was nothing more than a friendly wine … 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. 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. 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. Acker president and CEO John Kapon was part of the group, frequently blogging about the rare collectible wines they tasted. This has been a different year for everyone, a lot of ‘Home Alone’ on the playlists for sure. At auction and privately, Kurniawan sold thousands of rare wines and, if he was indeed counterfeiting, it is possible that he has completely corrupted the market for old Bordeaux and Burgundies. Everyone I know has no problem with masks and social distancing; one would think this wouldn’t be an issue. Acker, Merrall, & Condit was still owed, as of February 2012, almost $3.5 million from their loans to Kurniawan. 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. ‘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 January 2015, the contents of Kurniawan's personal wine collection was examined for non-fake wines that could be sold to help repay his victims. The palate was rich, fleshy and tasty with great balance and nutty flavors (93). 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. In 2006 alone, he sold $35 million at two single-seller sales. We track website preferences, provide product recommendations, and record anonymized data about your site visit with cookies. Unknown to Acker, Mr Kurniawan sold counterfeit wine in two major sales. Your rights and our commitments regarding your personal information/personal data are detailed in our Privacy Policy, available. The wines were from Kurniawan's cellar. 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. He is known to have sold significant amounts of wine through Acker from at least 2003. {"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. Counterfeits are a big concern for all wine brands, and not just … 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. 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. Previously, Koch has prevailed in legal actions against wine dealer Hardy Rodenstock and wine collector Eric Greenberg. But that was not Kurniawan's only slip-up. We look forward to continuing to focus on our customers and clients.’. Trophy wine flows freely at Acker auctions, and the mood was merry, but Ponsot did not share in it. 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. 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. Slowly but surely, one must poke one’s head out of the ground and say hi to the world…responsibly, of course. New York auction house Acker Merrall & Condit sold fake wines in 2006 from now convicted fraudster Rudy Kurniawan. Last month we placed the fake wines coming out of China under the microscope, asking our followers if they could spot the two fakes from the real deal. Wine Market Journal (Auctions Prices - Christie’s, Sotheby’s, Acker Merrall & Condit, Hart Davis Hart, etc..) Other sources if needed. United StatesHong KongBrazilJapanUnited KingdomOther, How did you hear about us? Please enter your username or email address. Last Name *, Country * Some well-known examples include the 2008 Acker, Merrall & Condit wine auction in which alleged counterfeiter Rudy Kurniawan (currently incarcerated) consigned Domaine Ponsot wines that Laurent Ponsot later stated had never been made. Further, a lawsuit filed last year asserts that Acker Merrall sold numerous lots of fake Burgundy and Bordeaux wines … Please leave this field empty. Thnx 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. Acker sold many bottles consigned by convicted wine fraudster Rudy Kurniawan, although the auction house has always denied wrongdoing. 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). 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