The statute of limitations bars billionaire wine aficionado William Koch from collecting damages from Christie’s auction house for allegedly touting bottles of wine as coming from the cellars of Thomas Jefferson, the U.S. Court of Appeals for the Second Circuit ruled yesterday.
A three-judge panel upheld the dismissal of Koch’s case by a lower court, finding that Koch, who paid $311,804 for four bottles purportedly stocked by the Sage of Monticello, was on “inquiry notice” that the wine might not be genuine.
