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“Part detective story, part wine history, this is one juicy tale, even for those with no interest in the fruit of the vine. . . . As delicious as a true vintage Lafite.” —BusinessWeek
The Billionaire’s Vinegar tells the true story of a 1787 Château Lafite Bordeaux—supposedly owned by Thomas Jefferson—that sold for $156,000 at auction and of the eccentrics whose lives intersected with it. Was it truly entombed in a Paris cellar for two hundred years? Or did it come from a secret Nazi bunker? Or from the moldy basement of a devilishly brilliant con artist? As Benjamin Wallace unravels the mystery, we meet a gallery of intriguing players—from the bicycle-riding British auctioneer who speaks of wines as if they are women to the obsessive wine collector who discovered the bottle. Suspenseful and thrillingly strange, this is the vintage tale of what could be the most elaborate con since the Hitler diaries. Updated for paperback with a new epilogue.
…captivating…Wallace frames his narrative as a suspenseful mystery, although we pretty well know whodunit early on. He escorts readers through the fast and fulsome world of high-stakes wine collecting, where $1,000 bottles of grand cru Burgundy are guzzled like lemonade and conversations revolve around trophy wines in home cellars that can be the size of a high school gymnasium.
More Reviews and RecommendationsBENJAMIN WALLACE has written for GQ, the Washington Post, Food & Wine, and Philadelphia, where he was the executive editor. He lives in Brooklyn.
Visit his website at BenjaminWallace.net.
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November 13, 2009: This is a vintage book with almost as many surprises as varietal wine. It reveals heretofore unknown facts about Thomas Jefferson, the Forbes family, Forbes Magazine, and wine auctions -- plus the care and keeping of rare wine. So what if the wine bought for $165,000 may have turned to vinegar. Simply owning it became more interesting than how it might taste.
Revealing how wine is valued, let alone traded at auctions, is interesting enough. For anyone who likes wine -- especially burgundy -- well enjoy reading this fascinating mystery.I Also Recommend: Judgment of Paris, Living in a Foreign Language, Windows on the World Complete Wine Course 2009, Parker's Wine Bargains.
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October 27, 2009: Wallace crafts a well written account of one of the most mysterious occurances within the world of wine and how it created an explosive interest in the often exclusive realm of high-end wine auctioneering. For those with only budding interest in wine it will catapult the reader to a broader understanding of old and rare vintages as well as encourage the desire to want to know (and taste) more.
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In 1985, a single bottle of wine went up for auction at Christie's in
London. Two minutes later, it sold for over $150,000 to a member of the Forbes clan, demolishing the previous record paid for a single bottle. But this was no ordinary wine -- it was a 1787 Lafitte (now spelled Lafite), engraved with Thomas Jefferson's initials, found in excellent condition amid a cache of bottles hidden in an old house in Paris.
The story had everything: history, intrigue, and mystery. Jefferson
lived in Paris during the years leading up to the French Revolution, and he may well have hidden his precious stash from potential rioters. Breathless wine experts authenticated the handblown bottle with its seal of black wax and engraved letters. Awed by the bottle's survival, they ignored the doubts of a Jefferson scholar at Monticello.
Hardy Rodenstock, a man with a nose for finding valuable old vintages
in the half-forgotten cellars of stately British homes, owned the Jefferson cache. Exactly how he'd gotten it was unclear, but that was not unusual as dealers in rare wines understandably protect their sources. Tycoons clamored to buy the remaining Jefferson bottles, and as they did, a scandal unfolded like a fine Bordeaux swirled in Riedel crystal: an opening rich in hubris, a juicy hint of folly followed by deep undertones of greed. (Summer 2008 Selection)
“Part detective story, part wine history, this is one juicy tale, even for those with no interest in the fruit of the vine. . . . As delicious as a true vintage Lafite.” —BusinessWeek
The Billionaire’s Vinegar tells the true story of a 1787 Château Lafite Bordeaux—supposedly owned by Thomas Jefferson—that sold for $156,000 at auction and of the eccentrics whose lives intersected with it. Was it truly entombed in a Paris cellar for two hundred years? Or did it come from a secret Nazi bunker? Or from the moldy basement of a devilishly brilliant con artist? As Benjamin Wallace unravels the mystery, we meet a gallery of intriguing players—from the bicycle-riding British auctioneer who speaks of wines as if they are women to the obsessive wine collector who discovered the bottle. Suspenseful and thrillingly strange, this is the vintage tale of what could be the most elaborate con since the Hitler diaries. Updated for paperback with a new epilogue.
…captivating…Wallace frames his narrative as a suspenseful mystery, although we pretty well know whodunit early on. He escorts readers through the fast and fulsome world of high-stakes wine collecting, where $1,000 bottles of grand cru Burgundy are guzzled like lemonade and conversations revolve around trophy wines in home cellars that can be the size of a high school gymnasium.
Somebody may have resisted the urge to yank open at least a few bottles of 1787 Chateau Lafitte (as it was then spelled) and enjoy them with a brace of partridges or an ascension of larks or whatever the French were eating at the time. Whether that somebody was Thomas Jefferson and whether a few bottles purported by a flamboyant collector to be from Jefferson's stash are actually Chateau Lafitte at all are mysteries that form the centerpiece of The Billionaire's Vinegar, Benjamin Wallace's entertaining look at wine forgery.
The titular bottle, from a cache of allegedly fine, allegedly French wine, allegedly owned by Thomas Jefferson in the 1780s, set a record price when auctioned in 1985. The subsequent brouhaha over the cache's authenticity takes wine journalist Wallace on a piquant journey into the mirage-like world of rare wines. At its center are Hardy Rodenstock, an enigmatic German collector with a suspicious knack for unearthing implausibly old and drinkable wines, and Michael Broadbent, a Christie's wine expert, who auctioned Rodenstock's lucrative finds. The argument over the Jefferson bottles and other rarities aged for decades, flummoxed a wine establishment desperate to keep the cork in a controversy that might deflate the market for antique vintages. (In the author's telling, a 2006 lawsuit almost settles the issue.) Wallace sips the story slowly, taking leisurely digressions into techniques for faking wine and detecting same with everything from Monticello scholarship to nuclear physics. He paints a colorful backdrop of eccentric oenophiles, decadent tastings and overripe flavor rhetoric (Broadbent describes one wine as redolent of chocolate and "schoolgirls' uniforms"). Investigating wines so old and rare they could taste like anything, he playfully questions the very foundations of connoisseurship. (May)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.In 1985 in London, the Forbes publishing family paid more than $150,000 for a nearly 200-year-old bottle of ChAoteau Lafite Bordeaux rumored to have once been owned by Thomas Jefferson. The bottle was part of a collection unearthed by German wine entrepreneur Hardy Rodenstock. At first only a few doubted the authenticity of the wine, but over time, as more bottles from the same cache were sold, the questions about Rodenstock and his Jeffersonian bottles kept coming. Wallace, a journalist who has written for magazines such as Food & Wine and Philadelphia, has crafted a richly intriguing tale of wine collecting, Thomas Jefferson, and the rivalry between the wine departments at Christie's and Sotheby's, following the trail of Rodenstock and his famous "discovery." With the same deliciously entertaining blend of history, mystery, and wine found in Don and Petie Kladstrup's Wine and War, Wallace's book is highly recommended for public libraries.
Elaborate account of a delicious hoax played on the world's wine experts and fabulously wealthy. According to magazine writer Wallace, a chummy partnership between two well-connected Europeans largely created the interest in historic vintages that reached its apogee in 1985 with the $156,000 purchase by the Forbes family of a 1787 Chateau Lafite engraved with the initials "Th.J."-i.e., Thomas Jefferson. Michael Broadbent was the suave founding director of Christie's wine department, which had come to dominate the global market in old and rare wines to the tune of millions of dollars. Broadbent's palate was considered the most experienced in the world, and he scoured the cellars of his aristocratic acquaintances to unearth rare vintages. The purported Jefferson bottle was consigned to Christie's by German collector Hardy Rodenstock, who spun a hazy story of workers tearing down a house in Paris, breaking through a false wall and happening upon a cache of extremely old wines. Jefferson, America's first wine connoisseur, lived in Paris from 1784 to 1789 and began buying directly from the chateaux; with France disrupted by revolution, this particular order apparently didn't make it back to Monticello. Rodenstock boasted that he had purchased two dozen engraved bottles of 1784 and 1787 vintages of Lafite, Margaux, Yquem and Branne-Mouton (all of which dribbled to market), but he would not divulge the seller, and the wine's provenance came under suspicion. Wallace traces various attempts to determine the bottles' authenticity, including analysis of ullage (fill level), cork, label, engraving, bottle and the taste of the ancient liquid, often doctored by adding later vintages. The author offersa revealing look at the influx into the esoteric field of wine connoisseurship of major-player egos and big money, which created a tricky and rarified market similar to that for expensive art-and encouraged fakes in both. Rote journalism injected with considerable padding, but there's no denying the appeal of this enthrallingly mad and recondite subject. Agent: Larry Weissman/Larry Weissman Literary
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2 Incognito 7
3 Tomb Raider 21
4 Monsieur Yquem 41
5 Provenance 57
6 "We Did What You Told Us" 67
7 Imaginary Value 81
8 The Sweetness of Death 95
9 Salad Dressing 107
10 A Pleasant Stain, but Not a Great One 125
11 The Diviner of Wines 139
12 A Built-in Preference for the Obvious 153
13 Radioactive 173
14 Letters from Hubsi 183
15 "Awash in Fakes" 197
16 The Last Vertical 213
17 Koch Bottles 225
18 Ghost Particles 237
19 Tailing Meinhard 251
20 The Finish 265
Notes 283
Acknowledgements 315
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