Rudy's Wines Sell for a Song – Relatively

Dec 17, 2015

(Wine-Searcher) - Rudy Kurniawan's "authentic" wines net $1.5 million, while his fakes meet a crushing end.

Convicted counterfeiter Rudy Kurniawan is probably a bit disappointed that the sale of his personal wine collection raised a mere $1.515 million.

The size of the "cellar" – more than 4700 bottles – dictated that two separate online auctions be held, and the last one ended late on Tuesday. The central Texas auction house, Gaston & Sheehan, which ran the sales for the US Marshals Service, reported that of the 927 lots up for bid, 905 (or more than 97 percent) sold. For context, Sotheby's held the second part of the sale of financier and philanthropist Don Stott's Cellar even as the Kurniawan sale was proceeding apace. That two-day sale fetched $5.176 million with 97 percent of the lots sold.

There were some obvious differences – provenance and premium. The Marshals did their best to vet the bottles from what some once called "arguably the greatest cellar on Earth" by hiring outside wine experts, who had testified against Kurniawan at trial. And, there was no buyer's premium; The Sotheby's figure includes their buyer's premium.

The highest price paid at the Kurniawan sale was $45,200 for three bottles of 1911 DRC Romanée Conti. The bottles still bore markings from a September 2008 sale at the Boston auction house of Skinner. At the time, Skinner reported the trio sold for $60,750, which included a buyer's premium.

While Stott's collection didn’t have anything that old, it did offer collectors the chance to buy five bottles of 1970 Giacomo Conterno Monfortino Barolo Riserva, which Sotheby’s expected to sell for between $15,000.00 and $20,000.00. It was the highest sale of the auction at $39,200.00.

Gaston & Sheehan did not give pre-sale estimates, but had a starting price of $7,650 for a case of 12 bottles of 1961 Giacomo Conterno Monfortino. The lot went under the hammer for $11,050.

Some 500 other bottles from Kurniawan's collection that were found to be counterfeits or suspected fakes went under a different sort of hammer – even while their brethren were being sold.

At a landfill area in Creedmoor, Texas just south of Austin last Thursday, a huge magnet was used to crack and crush the bottles of fake Petrus and DRC and other "collectibles", their contents spurting out and seeping into the dirt as Marshals looked on.


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