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What Price Art Fraud?

By Fox Rothschild LLP on December 24, 2013
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Interesting look here at the other side of the art fraud world.    Forged works often make their way to the market, fooling even the most sophisticated investors and purchaser, but often the HOW the forged work becomes created is not examined.

In the article, Pei-Shen Qian, a Chinese national living in the U.S. discusses creating dozens or more forged works.  Qian made artworks that were dead ringers for Pollocks and Rothkos, but claims that he did not know he part of a massive fraud.

There are now numerous lawsuits pending over the works including filings against the gallery that sold the works as well as its former president.   According to the article, the plaintiffs include Domenico De Sole, chairman of Tom Ford International; Nicholas Taubman, the former chief executive officer of Advance Auto Parts; and a trust for the Hilti family, of the Liechtenstein-based machinery and toolmaker Hilti.

This is testament to the level of deceit that can accompany the purchase and sale of fine art, and, yes, the “talent” of the forger.

 

  • Posted in:
    Intellectual Property
  • Organization:
    Fox Rothschild LLP

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