I log into WineBid and for giggles click on the “rare” 1982 Petrus which is being featured. There is currently a winning bid of $2,950. I generally don’t spend more than $100 on a bottle of wine so this super high end rare wine world is not where I play. But with all the talk of wine fraud out there, it got me thinking…what are the odds that a decent number of super high end bottles on WineBid (or other similar places) are fake? I mean, how do you bid $3k for something that has a simple description and 2 photos???
I checked the terms of service for the site and they clearly state they aren’t vouching for the authenticity.
The property described on the WineBid Website will be offered for sale by WineBid.com Inc. as a marketing agent on behalf of the Seller. Every attempt has been made to describe all property as accurately as possible. However WineBid does not warrant or represent, and denies responsibility for the accuracy of the descriptions, encompassing but not limited to vintage, provenance, authenticity, quality and condition as may be stated on the site. Any and all statements made relating to the property offered on the site are merely statement of opinion and at no time can be construed as warranties and representations of fact or assumptions of any liability on the part of WineBid.
So what am I missing here? Or are people really just bidding recklessly?