I can't believe Spring is here. And with Spring comes some felony level wine shenanigans. Turns out Rudy Kurniawan isn't the only wine swindler in town. A fellow named Omar Khan has taken the mantle of wine conniver with almost $10 million dollars not in counterfeit wine but wine related scams. Omar led his "marks" on for more than a year before the government took notice. An indictment was filed in February '20 after investigation began on this matter. Then Omar did the most honorable thing ever. No he didn't. He fled the country. Son of a...
Three of the most misunderstood and complete words in invest are these: Buy the dip. What the heck does that even mean and how does it apply to investing in wine? Sounds scary, especially now with the volatility of the economy and the shifting tides of investment strategies. Buying the dip when it comes to asset grade wine applies to wine investment almost exactly when investing in stocks, bonds, commodities or any other item of value. During the past 40 years wine investment has outpaced the S&P 500 by more than 400% and while this is wonderful it is unrealistic...
Texas in March is lovely, especially in Irving Texas just outside of Dallas. This past 13th to 15th I had the pleasure of taking the Advanced Sommelier Course from the Court of Master Sommeliers Americas. To get into the course first you had to have your Certified Sommelier certification, then take a pretest and be in the top 200 amongst all the test takers in Canada, US, Mexico and all of Southern America. There were 2 Canadians, 1 Honduran and 1 lovely lady from Chile whose family owns an import company. Three days learning from 33...
With all the things we’re going through in these crazy times, it’s no surprise that wine will follow suit in some way. Now we’ve all heard about sunken ships with loads of gold and various other treasures. Along with the jewels and precious metals, there have been several clay containers that still have wine in them! It didn’t take long for winemakers, especially of the new world where we have fewer and less strict rules about making wine, to try and start aging wine underwater. You heard that right. People are purposely putting many multiples of...