1,000 Fake Giacometti Bronzes

Somehow I missed this story from about a week a half ago, yeet I felt it was still important enough to report. We have been seeing and hearing about a lot of stolen and forged art lately, much of it reported here on the AW Blog. It appears that, fake, forged and stolen works are becomming more and more common, or perhaps they are just being reported on more because of the internet, the FBI Art Crime Team, the Art Loss Register and other groups tracking cultural property.

Here is a story from the German news broadcaster Deutsche Welle about German police uncovering a ring selling fake Alberto Giacometti bronzes and sculptures. The article is rather short, so I took the liberty of publishing the full article.

German police believe they have smashed a worldwide ring suspected of selling forged artworks worth millions of dollars with the arrests of three people, prosecutors said Wednesday.

Police said they seized over 1,000 fake Alberto Giacometti bronzes and sculptures in the swoop.

The three arrested - a 59-year-old man from Frankfurt and a 61-year-old art dealer and his wife - face charges of collaborating since 2004 to sell the fake works on the international market.

Prosecutors in south-western Germany said in a statement that the sales are believed to have been worth tens of millions of dollars.

Genuine works by Giacometti have fetched sums in the millions, most notably a bronze which was purchased at an auction last year in New York for more than $27 million (19 million euros).

Prosecutors said the 61-year-old had been posing as a count who also worked as an artwork salesman. His 59-year-old colleague then pretended to be a friend of Giacometti's brother, saying that he had found the statues in a secret cache after the artist's death in 1966.