RUDY KURNIAWAN & GLOBAL WINE AUCTION FRAUD THREAD (MERGED)

I’m afraid the article doesn’t paint an accurate picture of what’s happening. There are three different motions. One motion seeks to dismiss two of the AWC entities on the grounds of lack of personal jurisdiction. The claim is that two of the AWC entities have never done any business in the US and one of them hasn’t been a “trading” company since 2001, which I suppose is English parlance for not engaged in the sale of wine.

The second motion is styled as a motion to dismiss based on forum non-conveniens. There are several arguments made here. The primary one is that one of the agreements in question (the 2010 agreement concerning the consignment of LeCraw’s wines for sale) has an exclusive venue clause requiring all disputes to be resolved before the UK courts. AWC also argues that the claims arising from the 2006/2007 sales (the bottles of old Yquem and Lafite that LeCraw contends are counterfeit) are governed by language that was allegedly posted on the AWC website at the time of sale which AWC says provided for non-exclusive jurisdiction before the UK courts. (That would mean jurisdiction would be proper in any country with factual connection to the transaction, so it wouldn’t require a US court hearing a claim by the US purchaser to find that the case shouldn’t be heard in a US court.) AWC argues that all of the witnesses are located in Europe or Asia and that the case should therefore be sent to the UK. In my opinion, most of the arguments in this motion are oversold by AWC, but the fact that there is an exclusive jurisdiction clause for the 2010 agreement would suggest that AWC is likely to be successful on having those claims dismissed based on forum non-conveniens. (So don’t be surprised if LeCraw abandons part of his claims in an Amended Complaint in an effort to keep the case in Federal court in Atlanta.)

Once again there is a huge discrepancy in the factual allegations between the parties. According to LeCraw’s complaint, he alleges that he consigned over 200 bottles, mostly in large format to AWC in 2010 and that AWC has failed to pay for or account for more than $3 million in wines. According to AWC’s latest motion, it paid $500,000 to LeCraw for certain wines that were outright purchases under the agreement on September 3, 2010. AWC also states that between November 2010 and January 2012 it sold the majority of the bottles consigned by LeCraw (for which it was receiving a 40% commission) and sent to LeCraw wire transfers totalling $658,855.00. AWC claims that it has only 6 bottles of LeCraw’s wines which remain unsold and that it has offered to return them to LeCraw, but that he has declined to do so. If AWC is to be believed, there are only six bottles sitting in the UK which are subject to the exclusive jurisdiction of the UK courts, the value of which is unspecified. This contrasts with LeCraw’s claims for damages of more than $3 million and his assertion that the great majority of the bottles he consigned are unaccounted for. To say that there is a credibilty gap here is a substantial understatment.

The third motion is a motion to dismiss many of the long list of claims in the complaint for various pleading defects pursuant to Rule 12(b)(6) of the Federal Rules of Civil Procedure. These motions are commonplace in large stakes litigation and virtually guaranteed where anyone brings a RICO claim. As I’ve noted in the other thread concerning this lawsuit, the LeCraw RICO claims had some rather obvious shortcomings. But other aspects of the AWC 12(b)(6) motion seemed like a bit of a reach.

To editorialize a bit, this is a case where there seems to be a lot of embellishment – on both sides. This is one of those cases that makes Judges reach for their Rolaids.

Article,CSI Bordeaux: Wine Detective Solves Multimillion-Dollar Case

Interesting article Roman. Thank you.

What is the fee for wine authentication ?

Whatever it was, it probably just went up.

Italy Launches DNA Profiling Of Wine

40% commission?? I realise that’s not the main issue here but that seems suspicious in itself.

I was thinking the same thing.

Agree 100%

Do bottles of wine routinely contain enough grape and yeast DNA to allow an analysis? Would filtering remove most of that material?

Rudi’s sentencing has been postponed again, this time until next May! I wonder what we might read into that fact? Don?

Keith

It’s an old article from April of this year. Rudy’s sentencing was initially postponed for one month and then postponed until July 17 at 9:30 am. It’s still set for that date.

Keith, that is a post from April 24, 2014.

Edit: Don beat me to it.

Rudy is getting sentenced on my birthday!

Rudy K sentencing party at SteveC’s! Will you be opening mags of 1920s-era Romanee Conti?

Mine too , Steve . I have my jeroboam of Conti 47 ready !

Is it legal for the judge to tell RK that the only thing that will help in his sentencing, is if he tells who else was involved?

i’m sure the prosecution has already told him that enough times.

It’s not clear to me that the Feds have any real interest in prosecuting additional parties, so maybe no interest in cutting a deal with Rudy. My gut instinct is that Rudy would sing loud and clear if it would improve his situation.

Since John Kapon is scheduled to be on CNBC between 5 and 6 pm Eastern Daylight Time today, I thought it was appropriate to point out Mr. Kapon’s latest misleading email advertising. A few days ago I received the following email from Acker with the subject “Wine Collectors Make Acker Yet Again #1!”

  • WINE COLLECTORS AROUND THE WORLD
    MAKE ACKER MERRALL YET AGAIN THE #1 FIRM OVERALL
    IN THE WORLD’S TWO MOST IMPORTANT MARKETS

HONG KONG AND NEW YORK CITY SALES COMBINE TO DELIVER
ESTIMATED US$32M/HK$250M IN SALES FOR FIRST HALF OF 2014

NEARLY 700 NEW WORLD RECORDS SET,
BURGUNDY LEADS CHARGE

STRONG JUNE SALE SETS STAGE FOR FALL SEASON

Lot 116: 3B of 2005 Romanee-Conti
Sold - $40,137.50
Lot 184: 12B 1982 Chateau Mouton Rothschild
Sold - $19,760

New York, NY – June 27, 2014 – With US$32M/HK$250M in total combined auction sales through June 2014 in the world’s two most important wine auction markets, Acker Merrall continued to set the pace as the largest and most influential wine auction firm in the world. Reinforcing the firm’s number one position, Acker’s auctions in Hong Kong and New York City set almost 700 new world records for the top Domaines and Chateaux of Burgundy, Bordeaux, Rhone, Champagne, Italy, Spain and California.

“For the last decade, no one has come close to offering the number of lots and overall dollars of wine in the auction market as Acker Merrall. I know it continues to make the competition crazy, perhaps even a bit frothy, yet it’s a great feeling to be at the top across these two key markets. That is a significant achievement given the ever-changing landscape of fine and rare wine,” said Acker Merrall & Condit’s CEO, John Kapon. “Wine is about friendship and good times, and this is how we live our lives and share them with our clients. We are proud yet humble, ever grateful for the loyalty and close bond we share with those that do business with us,” Kapon continued.

“The market is as good as it has ever been. Most wines are at an all-time high, and those that aren’t are creeping back up the ladder. With the stock market booming and technology driving, the New York market has come back in a big way in 2014. The stage has been set for an exciting Fall season, and we will continue to do what is best for the greatest collectors in the world on a monthly basis.”

Acker Merrall’s next auctions will be September 6th in New York and September 19th-20th in Hong Kong. "

The truth is quite different than Mr. Kapon portrays it. While Acker’s press release claims its sales are “estimated” at over $32 million, adding up the numbers from their publicly announced auction results (the same way that Wine Spectator and Wine Market Journal calculate their numbers) yields just under $29 miillon. While Acker’s domestic auction sales for the first six months of 2014 were up 6.85% over the same period in 2013, Acker’s total worldwide auction sales are actually down 7.45% for 2014 year to date versus the same period in 2013. And make no mistake, 2013 was a bad year for Acker as their 2013 sales were down 23% from 2012. Acker is now No. 3 in worldwide wine auction sales (with Sotheby’s not Acker being number one) and Acker is a very distant second in the US to HDH.

Based on worldwide sales (for the UK, US and Hong Kong markets), here are the numbers through June 30:

Auction House
All Market Sales
% of Market

Acker
$28,907,783
18.3%

Bonhams
$5,903,527
3.7%

Christie’s
$29,365,778
18.6%

HDH
$24,681,458
15.7%

Heritage
$8,373,323
5.3%

Sotheby’s
$36,436,725
23.1%

Wally’s
$4,687,626
3.0%

Zachy’s
$19,308,868
12.2%

Grand Total
$157,665,090
100.0%

Note that these numbers are live auction numbers based on the Wine Spectator data and don’t include sales in France and Switzerland, so if the Christie’s numbers from those locations were included, Acker would be a more distant third worldwide.

As for the US sales, here are the real numbers:

House
US Sales
% of Market

Acker
$14,482,117
19.7%

Bonhams
$1,817,291
2.5%

Christie’s
$5,018,167
6.8%

HDH
$24,681,458
33.6%

Heritage
$8,373,323
11.4%

Sotheby’s
$6,386,108
8.7%

Wally’s
$4,687,626
6.4%

Zachy’s
$7,979,282
10.9%

Grand Total
$73,425,373
100.0%

I am very happy to say that it finally appears that wine auction participants are beginning to value those auction houses who pay special attention to provenance and authenticity. Sotheby’s is the worldwide leader in sales and HDH is the US leader in sales by substanial margins. Let’s hope the positive trend continues.

I would say let’s hope for more truth in advertising by Acker/Kapon, but there’s little chance of that.

Thanks for the update on the auctions Don. I finally unsubscribed from the Acker emails this past weekend. I had kept them going because they were so comical, knowing the clown that Kapon is. But I finally couldn’t take it anymore.

I can’t believe anyone buys from these folks anymore.

More of Kapons lies, surprise, surprise…