Thursday, January 14, 2010

Fakes and Forgeries

The Associated Press reported in today's NY Times that Italian authorities last year recovered thousands of looted art and antiquities valued at close to $240 million US dollars. The story said: "Police figures show the number of illegal archaeological excavations discovered in 2009 decreased dramatically, from 238 in 2008 to just 58 in 2009. But at the same time, the number of people charged with falsifying artwork rose more than 400 percent."

The fact is that forged art exists in the marketplace, and this newspaper report serves as a caution to stay alert. Authenticating artwork is an essential component to ethical collecting. One should take time to ensure that a piece is not just looted or illegally exported, but that it is genuine.