Avoiding wine fraud with Jason Arnold? Jason Arnold is a wine connoisseur, who has strong knowledge of the subject of wine. His knowledge goes deeper than knowing how to drink wine or simply having a deep appreciation. For example, he has the ability to assess a young wine and know its aging potential. Jason Arnold is available to estimate the value of wine collections.
When you need a true expert in the wine business, look no further. Jason Arnold has made numerous five figure acquisitions of wine and is quite knowledgeable about all aspects of the wine business. He is what you would traditionally call a sommelier. Here we will discuss about detecting wine fraud.
If anyone thinks that fake fine wine stopped with the conviction and jailing of arch-counterfeiter Rudy Kurniawan, they’re fooling themselves, according to expert Maureen Downey. Hundreds of wines concocted by Kurniawan, AKA ‘Dr Conti’, were destroyed at a US landfill site last year, but others were never found. Added to that, wine fraud investigations remain a frequent occurrence. Downey, who has spent more than a decade attempting to shine a light on the issue, this month launched the Chai Wine Vault system in an effort to guarantee a wine’s provenance and authenticity.
You’ll want to do plenty of research on vintages if you want to avoid buying counterfeit wine. In the past, wine frauds have relabeled cheaper, lower quality vintages as higher quality, iconic vintages worth hundreds or even thousands of dollars more. For instance, a bottle of 1962 Lafite might be sold as a 1959 Lafite, which is far more valuable. To avoid this, you need to research how many cases of a particular vintage were produced by the winery, and find out how many cases are likely to still be in existence. Some of the most commonly-faked bottles include: 1947 Cheval Blanc (more bottles have been sold than were produced), 1811 Chateau d’Yquem (the wine was “rediscovered” only as recently as the 1970s), 1924 Mouton Rothschild (as the first estate-bottled vintage, it’s popular among collectors), 1921 Petrus (magnums of this high-quality vintage are rare and highly collectible), and 1952 DRC La Tache (it’s the most famous winery in Burgundy and one of the best vintages in its history). See extra info at Jason Arnold Fraud in the wine industry.
How do you avoid this problem? Before you make an investment in expensive wine that you plan to sell in the future, do some research on wine prices. If the wine is significantly over current prices for its type, that’s a red flag. It could be a wine scam. A little research can go a long way and save you a lot of money when you’re ready to make a big purchase. One of the most brutal types of wine fraud is when you think you’ve made an investment in a nice assortment of fine wines, but later realize you’ve spent your money on wine that doesn’t even exist.