Food and Wine Pairing with marc

An alleged investment fraud scheme claimed to broker loans between investors and ‘high net worth’ fine wine collectors, with expensive bottles purportedly held in storage as collateral, US authorities said this week. Prosecutors filed an indictment in a New York federal court charging two British men, Stephen Burton, 57, and James Wellesley, 55, with wire fraud conspiracy, wire fraud and money laundering conspiracy in connection to the scheme – which was allegedly perpetrated through their compa ...

Heritage Auctions said a single bottle of Stag’s Leap Wine Cellars’ ‘SLV’ Cabernet Sauvignon 1973 – representing the Napa Valley red wine that beat top Bordeaux in the landmark 1976 Judgement of Paris tasting – fetched $12,300. That marks a new record auction price for the wine, said Heritage. It was sold to a bidder who wished to remain anonymous during an auction of nearly 4,000 wines from Stag’s Leap Wine Cellars’ ‘legacy collection’. Steven Spurrier’s 1976 Judge ...

According to China’s General Administration of Customs, the seized goods consisted of more than 1,000 bottles of Penfolds from Australia and over 100 bottles of top-end Bordeaux wine, including first growth labels such as Château Lafite Rothschild and Château Margaux. The Chinese customs authorities discovered the cases of illegally imported bottles by checking the amount of wine declared on the offending company’s documents against the actual number of items being transported. The smuggled good ...