Recent years have seen some of the biggest art forgeries of the 20th century, including a $79.6 million Austrian case of forged certificates and replicas by Pablo Picasso and Claude Monet. According to the FBI’s art crime unit, art frauds, forgeries and fakes total $6 billion annually. In an industry plagued by authenticity and traceability issues, could Blockchain… Continue reading Could Blockchain Technology Help Prevent Art Market Fraud?
Tag: fine art
The Perils of Art Authentication
On June 07, 2017, the New York Senate passed Bill S1974 and delivered it to the New York Assembly– a proposal that has been stalled in the state legislature for three years. The purpose of the Bill is “to enhance protections under the law for individuals who are employed as art authenticator in the visual… Continue reading The Perils of Art Authentication
Avoiding Fakes in the Art Market: A Buyer’s Guide
Avoiding Fakes in the Art Market: A Buyer’s Guide For art collectors, there is no fear greater than discovering that a once-prized work is merely a worthless forgery; a nightmare that has become all too common in the art world. Instances of art forgery now comprise a major portion of the market – with estimates… Continue reading Avoiding Fakes in the Art Market: A Buyer’s Guide
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