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former art forger is the german involved tucky he spent more than three decades creating new old masters causing losses to others of between twenty and fifty million euros interpol s says art theft is very big business. the value of work stolen is estimated at almost two billion euros a year. almost half the artworks on the market are sold in galleries. scented fairs and just two percent of the option. christie s was the auction house with the highest sales last year at six billion euros. well into the nineteen eighties options of the major houses were society affair people dressed up to attend. in the one nine hundred ninety s. remote bidding became common with staff manning a bank of telephones. if around two thousand online
former art forger is the german vols going back to truckee he spent more than three decades creating new old masters causing losses to others of between twenty and fifty million euros interpol says art theft is very big business. the value of work stolen is estimated at almost two billion euros a year. almost half the artworks on the market are sold in galleries thirty percent and just two percent of the option. kristi s was the auction house with the highest sales last year at six billion euros. well into the nineteen eighties options of the major houses were society if people dressed up to attend. in the one nine hundred ninety s. remote bidding became common with staff manning a bank of telephones. if around two thousand on line
but if you spend tens of thousands of your hard earned cash on a painting or sculpture by a real owned artist what you really want to know is this is it real and was it legitimately acquired by the seller theft and forgery and during problems in this high stakes bazaar some experts claim a third of all works for sale right now are fakes. worldwide art sales amounted to sixty billion euros last year. the biggest market was the united states followed by china britain and france the largest single group of purchasers are young collectors in asia it s estimated however that a third of the works for sale on the global art market are fakes one famous living former art forger is the german vols gang but he spent more than three decades creating new old masters causing losses to others of between twenty and fifty
this isn t an archaeological error but it is the most famous forgery in post-war west german history they could learn diaries. in one nine hundred eighty three down magazine fell for these fakes. the weekly news magazine paid an art forger a huge nine million dollars marks for the diaries before going public with their seemingly sensational find and he doubts as to their authenticity were simply dismissed until the diaries were exposed as fakes. the diary of an exhibition comes from germany s federal archives just one of the sixty volumes forged has been loaned out the scandal surrounding the fake their diaries certainly made one thing clear if it seems too good to be true it probably is. even though new facts are produced every day you have to deal with them in