Wine consumption is on the rise; but some bottles might leave you with a bad taste.
The New York Times reports that a series of recent scandals is turning the spotlight on the problem of fake wines. In December a federal jury found one man guilty of selling millions of dollars’ worth of counterfeit wine. One Atlanta wine collector is suing the London based Antique Wine Company for $25 million. He claims that 14 bottles he just bought from them were worthless. Unfortunately he had paid hundreds of thousands of dollars for the cheap grape juice.
Experts say as wine has become more expensive; more people have taken interest in copying it. So they’re brewing up their own batch, bottling it and slapping a label on there from a high end vineyard or company.
The problem also lies with the auction houses or retailers that are selling the wine. Consultants say they aren’t paying close enough attention to what they’re buying and are unknowingly ripping off customers. If the deal seems too good to be true; it’s going to taste pretty bad.