Forged artworks don’t often come to light because of the reputational risk to the galleries or auction houses involved, insiders say.
Fake artworks don't often come to light because of the reputational risk to the galleries or auction houses involved, insiders say.Around 1,000 fake artworks, purported to be by late Canadian artist Norval Morrisseau, were seized in Toronto last year in an ongoing case."They often don't come to light," Mulcahy told CNBC by video call."Reputation in the art market is so important … not many people like to go to court," she said.
He also spoke about having a sense that something is inauthentic, a sentiment shared by contemporary art dealer Jack Roberts."Rather than assuming an artwork is legitimate, you have to be able to 'prove' its authenticity … When purchasing, anything that feels 'not quite right,' no matter how small, would stop me buying," Roberts told CNBC by email.
Adam Szymanski, an art advisor and researcher based in Toronto, Canada, said there's"a lot of due diligence" done by the art industry to authenticate work when undertaking transactions."That said, there are a serious number of inauthentic works that circulate, particularly among deceased artists," he told CNBC by phone." and died in 2007 — his forgers were prolific.
Szymanski said the scandal had"dampened" the market for Morrisseau's art: his pieces regularly fetch around $40,000, but several works by"comparable" artist"There's so much fear in the market, as you can imagine, because no one wants to purchase inauthentic work. People are confused," Szymanski said.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2024 NBA Finals, Game 5 Review: A Title Forged From Boston's Last OneAll the Celtics' prior disappointments were detonated in this series as they've built a perfect supporting cast and system around their double stars that arrived via a trade of their previous ones.
Read more »
Jersey City police officer forged documents, stole time from department: Hudson prosecutorSuarez says that between March 2022 and January 2023, Rivera submitted six records to the Jersey City Police Department requesting medical leave.
Read more »
Bill Viola, artist and navigator, left a world drenched in beautyA near-death experience forged an artist profoundly wise about death, and life.
Read more »
How Dad’s ‘Sea Hunt,’ ‘Combat’ & Sidney Poitier’s ‘For Love Of Ivy’ Forged Path For Beau Bridges: The Film That Lit My FuseWatch a video interview with prolific veteran actor Beau Bridges about his cinematic influences for Deadline's awards-season series 'The Film That Lit My Fuse.'
Read more »
Ringleader of deed theft crew sentenced for stealing more than $1M in homes from elderly, disabled ownersThe leader of a deed theft ring has been sentenced for stealing Queens homes from elderly or disabled owners by using forged documents to sell them.
Read more »
‘I see them the whole time’: The problem of fakes in the art marketForged artworks don't often come to light because of the reputational risk to the galleries or auction houses involved, insiders say.
Read more »