Encyclowine

Encylopedia for Wine Enthusiasts

Billionaire Wine Collector in Legal Battle Alleges He Was Sold Counterfeit Wines

wine cellarBillionaire wine collector William Koch is in court this week pursuing a lawsuit against another wealthy wine collector, Eric Greenberg.

Koch alleges that Greenberg knowingly sold counterfeit wines at a 2005 auction. Some of the bottles in contention include wines such as 1921 Château Petrus and 1921 Château Cheval Blanc. He paid more than $20,000 for multiple individual bottles. In all, Koch spent more than $300,000 on wine that he now believes to be counterfeit.

Koch has spent a considerable amount of money (more than $7 million) fighting counterfeit wines and having his collection’s authenticity verified.

Some of the ways a wine’s authenticity is determined include examining the cork and labeling. Experts say the best way to tell is by tasting it.

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