Contributing Editors



Asian Wine Collectors Anticipate Fall Auctions in Hong Kong

by Winnie Hsiu September 16, 2010 3:49 PM
In a personal finance article at the end of August, U.S. News & World Report senior editor Kimberly Palmer argued that collecting expensive bottles of wine is a waste of money. She points to a study done by Stanford Graduate School of Business and California Institute of Technology researchers, in which people offered a taste of the same wine in two different glasses insisted that the one labeled with the more expensive price tasted better. Serious wine collectors, though, would disagree. This fall’s wine auctions at Christie’s and Sotheby’s in Hong Kong will cater to the most serious wine collectors in the world -- most of whom will not actually taste the wines they buy at auction, but will instead store them as an investment, in climate-controlled storage units that have their temperature and humidity recorded every few seconds. [More]

FL Man Uses MA Self Storage Unit to Store Allegedly Counterfeit Art

by Kim Kilpatrick August 26, 2010 11:05 PM
The FBI arrested a Florida man last week, saying that he was trying to sell counterfeit Picasso, Matisse, and John Singer Sargent paintings. He was also alleged to have forged Sotheby’s documents proving the authenticity of his paintings, and to have mailed those fraudulent documents to an undercover FBI agent. Sixty-eight-year-old Luigi Cugini, allegedly a well known con artist, is said to have told his customers that he was the grandson of Joseph Coletti (now dead), a sculptor from the Boston area. Cugini marketed his paintings as having been part of Coletti’s personal collection, saying that they were worth millions of dollars. Cugini sometimes kept the paintings in his Broward County, Florida apartment, but often kept them in a Massachusetts self storage unit. [More]
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