Art Law Report

In Vino Veritas—Second Circuit Upholds Damages in Counterfeit Wine Koch Brother Case With Implications for Art Sales

Posted by Nicholas O'Donnell on October 1, 2015 at 1:24 PM

Koch brothers David and William are as well known for their art patronage as certain parts of the family are for political activity, and a decision yesterday by the Second Circuit involving William Koch could extend that influence. While the case concerned two dozen bottles of allegedly counterfeit wine, the implications on terms of sale and disclaimers will be felt in sales of fine art in New York as well.

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Topics: David Koch, Château Lafite Rothschild, Auctions, Eric Greenberg, Second Circuit, authentication, Zachys Wine & Liquor Auctions, wine, Pétrus, In Vino Veritas, Koch brothers, Zachys Wine & Liquor Stores, Bordeaux, New York General Business Law § 349, Chateau Latour, punitive damages, fraud, New York General Business Law § 350, William Koch, Uniform Commercial Code, U.C.C.

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