More on Fakes and Frauds - Now the Russian Variety

I recently posted on the AW Blog about how the Russian fine art market was extremely strong. Click HERE to read the AW post. As is typically the case, when interest and money converge, fakes and frauds are not far away.

Bloomberg is reporting that there is now a growing market for, as well as much concern over forged and fake postwar and contemporary Russian fine art. Many paintings are showing up, even while the artist is still living. The article states that part of the problem is that scholarship is lacking in scholarship and independent experts to authenticate.

The Bloomberg article states "Despite these difficulties, artists, dealers and collectors agree that more awareness and greater vigilance will help curtail attempts to swamp the market with fakes."

Just like with the post of earlier today, as appraisers we need to know what we are looking and evaluating. If that means have items authenticated, then it needs to be done. Dont take chances or risks. To read the Bloomberg article, click HERE.