Rare whiskey: destructive testing

from Market Design at http://bit.ly/2Q8KNL6 on December 30, 2018 at 11:11AM

The Guardian breaks the news:
Rare whisky market flooded with fakes, says dealer
Lab tests found 21 out of 55 bottles of allegedly vintage scotch were counterfeit

"Simpson said it was not yet clear what systematic checks would work since the only accurate way of testing a whisky at present was to open the bottle and subject the liquid to chemical testing or the carbon testing techniques used by the Scottish centre.

"However, opening the bottle destroyed its value, making it impossible to prove its provenance while ensuring it could be sold on if it was found to be genuine. It would need the police or food safety authorities to tackle the problem, he said, by tracking a fraudulent bottle to its source."

See earlier, related post. (I wonder if there is insurance against counterfeits?)

Tuesday, December 18, 2018