You are currently viewing the International Edition. You can also switch to the Hong Kong Edition.
Tuesday 30 June 2015

Koch settles out of court

27th January, 2011 by Rupert Millar

Wine collector Bill Koch has settled one of his long-running wine fraud campaigns out of court.

koch.jpgKoch settled privately with Zachys Wine Auctions after court proceedings that started in 2007. No details of how much money actually changed hands were released, but the New York-based auctioneers promised to change the wording in their catalogues.

Koch was suing Zachys after purchasing 19 bottles of claret between 2004 and 2005 from the auction house to the tune of $370,000. Koch subsequently brought charges against the auction house, alleging that all of the bottles were fakes or possibly fakes.

In an interview with Wine Spectator in 2007, Jeff Zacharia, president of Zachys, claimed that Koch had refused a refund saying he was “trying to single-handedly change the industry through the courts.”

The wording in the back of auction catalogues is another cause Koch is fighting for. He claims that the wording effectively absolves the houses of any wrong-doing if wines they have praised in the main text turn out to be fake or defective in any way.

Koch began building his fine wine collection in the mid 1980s, spending an estimated $12 million in the process.

His case against Zachys is one of a number lawsuits Koch has brought to court as he purses auction houses and merchants for what he claims are fake wines. None, as yet, have ever been decided in court.

Rupert Millar, 27.01.2011

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

If that's interesting, how about these?

Proust Q&A Eddie McDougall

The eminent TV personality and winemaker, Eddie McDougall opens up to db on more...

Scots invited to explore Chianti Classico and Prosecco

The promotional bodies for Prosecco Conegliano Valdobbiadene and Chianti more...

New sales director for Buckingham Schenk

Buckingham Schenk has named Paul Manders as its new sales director, responsible more...

Bordeaux 2005: 12 ‘perfect’ wines

Twelve wines have been given “perfect” 100-point ratings in Robert more...

Delegat aims high with new Barossa brand

Oyster Bay owner Delegat has launched “a new global brand” from more...

Winemaker fined $35k over toxic waste

An Australian winemaker has been fined AUS$35,000 (£17,000) after he was found more...

Social Media Editor

Competitive

Sutcliffe steps down from Sotheby’s role

Serena Sutcliffe MW has stepped down from her position as worldwide head of more...

Diageo closes in on £200m Gleneagles deal

Drinks giant Diageo is reportedly “close” to agreeing a sale of its luxury more...

Red wine could help fight depression

A component found in the skins of red grapes could be used to treat depression more...

Hatch Mansfield – Brand Manager

London, United Kingdom

Competitive salary

Top 10 wines in the UK press

An English fizz fit for Wimbledon, a "chunky, berry-stuffed" Negroamaro and a more...

Accolade's Fish Hoek goes Fairtrade

South Africa's Fish Hoek is to go Fairtrade from the 2015 vintage, becoming more...

Most expensive cocktail covers $32m heist

The world's most expensive cocktail was never actually sold and was instead more...

Sales Executive - Wines & Spirits Competitions

London, United Kingdom

Competitive

Fire devestates New Zealand winery

A fire has ripped through a New Zealand winery destroying its offices, kitchen more...

Chinese student builds house out of beer bottles

An engineering graduate and his father have built a two-storey house made out more...

Hardy invests £4m in summer of cricket

Hardys has unveiled a new £4 million consumer marketing campaign to tie in more...

PR Senior Account Manager/Director

London, United Kingdom

Depending on experience

Top 10 funniest pub signs

Raising a smile from passersby and patrons alike, it seems there are many more...

Wine from Napoleon’s carriage to be sold

A bottle of wine apparently found in Napoleon’s carriage after Waterloo – more...

10 of Hong Kong's oldest bars

To commemorate the 18th anniversary of Hong Kong’s handover on 1 July 1997, more...

E-commerce, Sales & Marketing Executive

London, United Kingdom

Competitive salary and bonus package based on experience and qualification.

Top 10 new craft beers

With new beers coming onto the market all the time, it can be difficult to keep more...

UK importer confident of Champagne comeback

One leading UK Champagne importer is optimistic for the future of the category more...