Artfixdaily published an article this week titled “Feds Investigate Possible Forgeries of Modern Art“. It describes how modernist paintings from a supposed anonymous private collection were sold to prominent New York galleries, and are now being investigated by the FBI as possible forgeries. Some of the works being questioned include paintings by Pollack, Rothko, Motherwell and Diebenkorn. A more extensive article on the subject was in the New York Times titled “Possible Forging of Modern Art is Investigated”.
Fakes and forgeries have been fooling people for centuries. Here are some things to do prior to buying an expensive work of art. Many of these points can be applied to antiques, collectibles and other high-end purchases.
1) Consider contacting an art consultant or appraiser to evaluate the piece.
2) Check the provenance. Pieces with no history of ownership or from anonymous collections should raise a red flag.
3) Check the catalog raisonne’ to see if the piece is listed.
4) Contact a known expert on the artist or an authentication board.
5) Check art loss registers for clear title.
6) Have scientific testing done if necessary.
7) Buy from respected dealers who provide complete documentation and a money back guarantee.
Don’t forget, if it seems too good to be true…… it probably is.