Petrus, Romanee-Conti, Chateau d’Yquem — wines coveted by connoisseurs, and targeted by counterfeiters.
French wine professionals say a handful of rare and fine wines face the same threat from fraud as luxury handbags and designer sunglasses.
Trafficking in fake wine has “always existed a little, but it’s definitely amplified with the rising prices of fine wines,” said Sylvain Boivert, director of the association representing Bordeaux wines classified back in 1855, the Conseil des Grands Crus Classes en 1855.
PHOTO: AFP WARNING: EXCESSIVE CONSUMPTION OF ALCOHOL CAN DAMAGE
To the relief of many, the fakery remains on a small scale.
“We are not dealing with industrial counterfeit production, unlike the luxury brands,” he said.
The counterfeiting “touches five to six of the very top wine estates in Bordeaux where there is a real potential to make a capital gain and where there is a worldwide demand because the products are rare,” said wine tycoon Bernard Magrez, owner of 35 estates, including several in Bordeaux.
Nor have Bordeaux’s rarefied cousins in Burgundy been spared, notably Romanee-Conti, one of the world’s most expensive wines.
Jeroboams, the equivalent of four bottles, of the 1945 vintage from this 1.8 hectare estate have recently been sold in auctions, said Laurent Ponsot, a renowned Burgundy producer.
Alas, Romanee-Conti did not bottle their 1945 in jeroboams.
Ponsot, owner of Domaine Ponsot, has had his own misadventures with counterfeiters.
At a sale in New York last year, the vintner was shocked to discover that “106 bottles out of 107” were fakes. The catalogue listed “a sale of Clos Saint Denis 1945 and other old vintages when we didn’t even begin producing this particular appellation until 1982,” he said.
“The counterfeiters aren’t Asian, they are European or American,” said Ponsot, who had to fly to New York to stop the sale.
The methods used to fool buyers are only limited by the imagination of the counterfeiters: photocopied labels, different chateaux names on the capsule and the label, to name a few.
Sometimes the bottle is authentic but doesn’t contain the wine or the vintage indicated, or only partially.
“The further one is from the original market, the cruder the fakes,” said Angelique de Lencquesaing, founder of the Internet auction Web site IdealWine.
Magrez said that counterfeiting increased “when Russians began consuming after the fall of the Wall … There was an enormous temptation, because of the considerable demand.”
Add to that the immense Chinese market. While the problem of counterfeit wine remains “very anecdotal” on the French market, it “could take on a much more serious amplitude in Asia because the market is developing at a dazzling speed,” de Lencquesaing said.
China is “the principal counterfeiter,” according to Renaud Gaillard, deputy director of the French export trade body, Federation des Exportateurs de Vins et Spiritueux de France.
While the main targets are champagne and cognac, Gaillard said, “One can find Petrus and Margaux in some little stores” in China.
In addition to export markets and Internet marketplaces, fake wines slip into circulation through the auctions.
“The auction houses are not always as demanding as they should be,” said David Ridgeway, chief sommelier at legendary Paris restaurant La Tour d’Argent.
For example, “Romanee-Conti 1945, we know there were only 600 [bottles] produced. But I don’t know how many thousands of bottles we have seen at the sales,” he said.
Unlike luxury goods groups such as LVMH, which have the financial power to fight aggressively against fake goods, most vintners don’t.
“There are no funds. Each lawsuit costs 500,000 euros [US$750,000],” Ponsot said. “Vuitton has the means. The vintner, even if he sells all of his merchandise, it’s small-scale” production.
There are also those vintners who prefer to avoid any publicity regarding fake wine.
“They file a complaint, but always quietly,” French wine expert Claude Maratier said. “They are too afraid that their entire production will be put in doubt.”
In his National Day Rally speech on Sunday, Singaporean Prime Minister Lawrence Wong (黃循財) quoted the Taiwanese song One Small Umbrella (一支小雨傘) to describe his nation’s situation. Wong’s use of such a song shows Singapore’s familiarity with Taiwan’s culture and is a perfect reflection of exchanges between the two nations, Representative to Singapore Tung Chen-yuan (童振源) said yesterday in a post on Facebook. Wong quoted the song, saying: “As the rain gets heavier, I will take care of you, and you,” in Mandarin, using it as a metaphor for Singaporeans coming together to face challenges. Other Singaporean politicians have also used Taiwanese songs
NORTHERN STRIKE: Taiwanese military personnel have been training ‘in strategic and tactical battle operations’ in Michigan, a former US diplomat said More than 500 Taiwanese troops participated in this year’s Northern Strike military exercise held at Lake Michigan by the US, a Pentagon-run news outlet reported yesterday. The Michigan National Guard-sponsored drill involved 7,500 military personnel from 36 nations and territories around the world, the Stars and Stripes said. This year’s edition of Northern Strike, which concluded on Sunday, simulated a war in the Indo-Pacific region in a departure from its traditional European focus, it said. The change indicated a greater shift in the US armed forces’ attention to a potential conflict in Asia, it added. Citing a briefing by a Michigan National Guard senior
CHIPMAKING INVESTMENT: J.W. Kuo told legislators that Department of Investment Review approval would be needed were Washington to seek a TSMC board seat Minister of Economic Affairs J.W. Kuo (郭智輝) yesterday said he received information about a possible US government investment in Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and an assessment of the possible effect on the firm requires further discussion. If the US were to invest in TSMC, the plan would need to be reviewed by the Department of Investment Review, Kuo told reporters ahead of a hearing of the legislature’s Economics Committee. Kuo’s remarks came after US Secretary of Commerce Howard Lutnick on Tuesday said that the US government is looking into the federal government taking equity stakes in computer chip manufacturers that
US President Donald Trump on Friday said that Chinese President Xi Jinping (習近平) told him China would not invade Taiwan while Trump is in office. Trump made the remarks in an interview with Fox News, ahead of talks with Russian President Vladimir Putin over Moscow’s invasion of Ukraine. “I will tell you, you know, you have a very similar thing with President Xi of China and Taiwan, but I don’t believe there’s any way it’s going to happen as long as I’m here. We’ll see,” Trump said during an interview on Fox News’ Special Report. “He told me: ‘I will never do