Eshan@eshanbuilds
Bill Koch paid $311,804.40 in 1988 for four bottles of wine engraved with Thomas Jefferson's initials, then spent the next twenty-two years proving they were fake.
The bottles came from Hardy Rodenstock, a German collector who announced in 1987 that he had found a cache of 18th-century wine once owned by Jefferson. Christie's sold the first one, a 1787 Lafite, for $175,000. It was a record at the time and the provenance was never anything more than Rodenstock's word.
Koch hired investigators, including a former FBI agent. A forensic examination of the glass showed the Th.J. initials had been cut with an electric engraving tool. Chemical testing dated the liquid inside to 1962. In Germany, investigators turned up old empty bottles, blank labels and corks at Rodenstock's house.
Rodenstock never answered the charges and never appeared in court.
Koch took a default judgment against him in Manhattan federal court in May 2010, twenty-two years after the purchase.
The line in this spec sheet reading "temperature-controlled wine storage" is where that ends up. The auction number measures a market in trophy real estate. The cellar measures something else, which is a man who was sold four bottles of 1962 table wine and declined to absorb it quietly.
In December 2013 a federal jury in the same district convicted Rudy Kurniawan of manufacturing counterfeit wine in his kitchen in Arcadia. Ten years, a $20 million forfeiture, nearly $25 million in restitution. The first conviction of its kind in the United States.
Four bottles of nothing cost Koch $311,804.40. He spent twenty-two years making sure they cost somebody else more.