When Older Means Better
Last month the British newspapers devoted considerable space to the news that a customer in a restaurant had returned a bottle of wine. He was concerned that his £18,000 magnum of 1961 Chateau Petrus might be a fake: apparently the cork did not carry the stamp of authenticity he was looking for. Elsewhere in the wine world, collector William Koch has apparently hired a former British Secret Service agent and a nuclear physicist to help determine whether his bottles of 18th-century claret once owned by Thomas Jefferson are what he thought they were when he bought them.
In the luxury world, fakes are normally associated with counterfeit handbags, accessories and watches. However, now that the concept of vintage luxury is taking root, with certain old luxury items rising in price, there are more opportunities for the unscrupulous. When it comes to wine, a "real" bottle from a relatively inauspicious vintage can be fitted with a trophy label—something like a 1982—dramatically increasing the bottle's value.
The customer who ordered the Petrus was reportedly rather cross. Apparently the wine had been reserved weeks in advance, and it's easy to imagine the sense of mounting anticipation: inviting select friends to savor the moment of triumph, the excitement as he walked into the restaurant feeling all eyes upon him, the delicious moment of summoning the sacerdotal bottle, the solemn ritual of pulling the cork—and then, as with a big-game hunter about to bag an elephant, the gun jams.
The problem with vintage luxury is that often such items date from an era when products were not badges of status and dignity but rather simply well-made goods—in this case, a bottle of admittedly high-quality red wine made by a family company. But the passage of time had changed it from a bottle of wine into a potent status symbol.
Vintage luxury harks back to a time when things tended to be a good deal more handmade than they are today. And while this handmade quality accounted for products of character and individuality, it also admitted scope for human error. With the Petrus, perhaps the winemakers simply ran out of the corks that were normally used and had to make do with another one. However, what was a matter of little consequence almost half a century ago is enough to make the national newspapers in the early 21st century: this is what happens when we apply the rigorous standards of today to a product made when the world was a very different place.
Cigars, long a sign of plutocracy, offer an analogous example. Today there are a few vintage smokes that really appeal to the collector: Cuban Dunhill Cabinetta, Cuban Davidoff and the Flor de Cano Short Churchill. These cigars, dating from the 1980s, now fetch up to £5,000 a box—if you can find them. "There are more fakes than real ones around," says Edward Sahakian of Davidoff in London. "You used to be able to tell by the boxes, but now fakers are filling old boxes with new cigars, so really you have to rely on your own senses of sight, smell and, of course, taste."
The vintage Rolex market has also taken off, with desirable models like the Paul Newman Daytona, the Steve McQueen Explorer, the Jean-Claude Killy triple-calendar chronograph and Double Red fetching ever-mounting sums. These are out-of-production watches that were made in small numbers or did not sell particularly well; now they can fetch six-figure sums.
It is details that become apparent only under near-forensic examination that give these watches trophy status: the density of printing on the dial; the typography of a number or letter … seemingly trifling but enough to account for huge differences in value. Among the most coveted: arcane sports Rolexes with aged dials. "Some dials have discolored with age; for instance, a fault in the paint used on a Rolex Daytona from late 1993 to 1995 caused the inner dials to go brown," explains Daniele Pizzogini, a London-based specialist vintage-watch dealer. "There is also a similar fault in a Submariner that went brown and an Explorer II that is now known as the 'cream dial.' At the time a lot of people took them back to Rolex to have the dial changed, so they are now scarce and collectible." Just as with stamps, minuscule faults in the past account for high values today. "What left the Rolex factory as a black dial has now aged to a rich metallic caramel colour—a desirable trait in today's market," reads the description in one auction catalog. It would be only a slight exaggeration to say that there is panic buying of certain vintage Rolexes.
Of course the faking of dials, or overenthusiastic "restoration," is not unknown, and again the only safeguard is either a lifetime's knowledge of the subject or a philosophical temperament.
To go back to the disputed magnum of Chateau Petrus: as it happens, the bottle was off anyway and the story has a happy ending. The restaurant just happened to have a magnum of Lafite '45 knocking around at £20,000. Not all lovers of vintage luxury can expect to be so lucky, however. For all the knowledge available in our information age, the best advice has been around since ancient Rome and can be summed up in two words: caveat emptor. Let the buyer beware.
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1 cigar label old holland sailboat in port inner US $5.07
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1 cigar label senior eagle two women inner US $5.35
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1 cigar label discipline geese flying in formation inner US $3.90
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1 cigar label man tobacco leaf inner US $2.88
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1 cigar label konsul dillmann inner US $3.90
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1 cigar label namur sport inner wrinkled US $2.88
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1920s WHITE CAT CIGAR CIGAR BOX LABEL TOP INNER AND SIDE 1 SET NICE US $22.00
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1 cigar label mercancia inner gk 18968 US $4.04
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1 cigar label soutine du fumeur inner man on horse outer US $4.80
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1 cigar label Gute freunde inner dogs US $6.17
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1 cigar label flor fina statue of woman dep 3287 inner US $5.20
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1 cigar label don rodrigo inner US $3.63
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1 cigar label Nobilo inner US $5.41
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1 cigar label habanesa old sailboat inner US $2.60
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1 cigar label Solados inner gk 18391 US $5.41
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10 Irvin S Cobb Inner Cigar Box Labels US $6.95
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Vintage Dime Bank Cigar Box Inner Label US $3.89
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Old SURVEYOR Inner CIGAR BOX Label GEORGE WASHINGTON US $9.99
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LA AMO CIGAR LABEL INNER LABEL 1900S US $21.00
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10 Old CALSETTA Inner CIGAR Box Labels Fancy Lady US $19.99
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Lot of 10 Old American Protectorate Inner Cigar Labels US $19.99
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Fancy inner and outer cigar box label set US $8.99
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LA CARITA inner and outer cigar box label set US $6.99
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LA FLOR DE LUIZ MARTINEZ inner and outer cigar box label set US $7.99
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BRYNHILDA inner and outer cigar box label set US $8.99
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HUNTER inner and outer cigar box label set US $9.99
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Wholesale Lot of 10 Old ARISTOCRAT Inner Cigar LABELS US $14.99
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Lot of 25 Old LOLITA Inner CIGAR Box LABELS US $17.99
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1861 CIGAR LABEL INNER LABEL 1900S US $12.75
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AMERICAN LEAGUE Inner Cigar Box Label Baseball US $9.99
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25 Old Flor de MANUEL Inner CIGAR Box LABELS US $14.99
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25 Old LA SAOLO Inner CIGAR LABELS US $14.99
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10 Old VICTORY Inner CIGAR Box LABELS Gladiator US $14.99
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25 Old SEAL OF PHILADELPHIA Inner CIGAR Box LABELS US $14.99
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Old WIZARD Inner Cigar LABEL Magic Wand Black Cat US $12.99
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MORO LIGHT FABRICA de TABACOS CIGAR LABEL INNER LABEL US $6.00
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NATIONAL LEAGUE Inner Cigar Box Label Baseball US $9.99
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OUR KITTIES Inner Cigar Box Label 2 Long Haired Cats US $3.50
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Manila Stubs Inner Cigar Box Label US $1.99
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Elektra Inner Cigar Box Label US $1.50
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Edmund Halley Inner Cigar Box Label Halleys Comet Fame US $6.99
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RUHM Inner Cigar Box Label Nude Male Statue US $5.99
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BANKABLE Inner Cigar Box Label Bank Notes Gold Coins US $3.99
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RECORD BOND Inner Cigar Box Label Hand Holding Bonds US $4.99
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