For many, the artistic value of abstract paintings is often easily debated, with a random splash of color on a pure white canvas that can sell for tens of millions of dollars. A woman walks into a New York gallery with a batch of unknown masterpieces, which begins a story about the greed and arbitrariness of the art world, as well as a shocking scam. An art scam spanning more than ten years, involving an amount of up to 80.7 million US...
more about Made You Look: A True Story About Fake Art Movie plot
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By Tyrel 2022-12-29 18:50:35
Works of Art under the Market System
The market value of a work of art does not seem to be proportional to its own artistic value . The formation of the art market is inevitable, after all, artists also have to eat. After a work of art enters the market, its essence becomes a commodity , and some problems can be explained by the principles of economics. For...
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By Keeley 2022-12-07 20:09:57
Exorbitant fake paintings: The demise of New York's oldest gallery
In 2011, Knoedler Gallery, New York's oldest gallery, made a sudden decision -- on a Wednesday morning, it permanently closed its doors that had been open for nearly 150 years. Meanwhile, Knoedler Gallery and its former chairman, Freeman, are facing a dozen lawsuits.
These cases allege that over the past two decades, Knoedler Gallery, together with Freeman, sold 60 sky-high fake paintings, making more than $50 million in profits. A series of evidences later...
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By Alex 2022-11-30 14:36:39
Too much like the real is still fake
The biggest fake painting case in the New York art world. The protagonist is ANN, a lady who runs a gallery, including deceived collectors, as well as behind-the-scenes liars, as well as "masters" who make fakes. The point of contention is, does ANN know that the paintings are fake? Some tend to know that she understands, and some think she doesn't. But I agree with what an old grandmother said in it, it was pride and greed that blinded her. Of course ANN knows that the...
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By Edmond 2022-11-16 18:56:56
The value chain of art (is it art?)
In fact, investment can be roughly divided into three categories, and the risks are also different:
Benjamin Graham/Walter Schloss's "picking junk" faction: This faction is extremely conservative, and even the cash flow is considered unreliable. If the current assets are sold at a discount, will they be 1/3 higher than the stock price.
Charlie Munger / Warren Buffett is a fusion of the Philip Fisher school of...
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By Arden 2022-09-05 17:34:02
Works of Art and the Art Market
In the current era of unimpeded capital flow, "art" is no longer so pure, and both artists and art appreciators are coerced by the "interests" of the market, resulting in countless devaluations of art works. But it is undeniable that marketing is indispensable for artworks, after all, artists also have to eat.
In fact, the biggest contradiction between the art market and works of art lies in intellectual property rights. After the protection of...
