Koch wins back damages from wine dealer

Billionaire wine collector Bill Koch has won his appeal against fellow collector Eric Greenberg, who Koch claims was dealing in fake wine.

Bill Koch and his lawyer before the start of the original trial in 2013. Photo credit: Jefferson Siegel

Bill Koch and his lawyer before the start of the original trial in 2013. Photo credit: Jefferson Siegel

The billionaire took Greenberg to court in spring 2013 over claims Greenberg had “knowingly” consigned 24 fake bottles of wine to auction, including 1811 Lafite and 19th century Latour.

Koch won the case and was awarded US$12 million in damages but the decision was overturned on appeal in April last year.

Koch appealed the appeal and a New York court this week upheld the original verdict and rejected Greenberg’s case that there was no evidence he had deceived Koch.

The court said there was evidence that Greenberg had “misrepresented” châteaux and vintages and knew that these wines would end up in the hands of others.

The court said: “Given the evidence that the defendant intended to sell counterfeit wine, at auctions aimed at the public, no manifest injustice exists in the imposition of a punitive damages award.”

Koch has also recently received damages from Indonesian fraudster Rudy Kurniawan and a payout from auction house Acker Merrall & Condit.

Leave a Reply

Your email address will not be published.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

Subscribe to our newsletters

On-Trade Regional Sales Manager

Anthony Byrne Fine Wines
West Midlands & Northants

Logistics Team Leader

Speciality Drinks
London, UK

Key Account Executive

Berkmann Wine Cellars
London, UK

London Account Manager

Speciality Drinks
London, UK

Assistant Operations Manager

Speciality Drinks
London, UK

National Account Manager

Berkmann Wine Cellars
London, UK

Sales - Global Wine Competitions

The Drinks Business
London, UK

London Business Development Manager

Vine Distribution Services
Chelmsford, UK

Customer Services Administrator

Speciality Drinks
London, UK

Off-Trade Account Manager

Justerinis & Brooks
London, UK

The International Food and Drink Event 2019

London,United Kingdom
17th Mar 2019

Vinitaly 2019

Verona,Italy
7th Apr 2019

The Wine & Spirits Show

London,United Kingdom
12th Apr 2019
Click to view more

The Prosecco Masters 2019

Deadline : 22nd March 2019

The Global Sparkling Masters 2019

Deadline : 25th March 2019

Click to view more

The Global Riesling Masters 2018

View Results

Rioja Masters 2018

View Results

Click to view more