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ET Explainer: How to buy genuine art and avoid frauds

Fake art scams aren t new. Just earlier this year, a former Los Angeles auctioneer agreed to plead guilty to an art fraud scheme where he fabricated 25 paintings in Basquiat s style and sold them to an Orlando, Florida gallery. The scam was exposed when a consultant spotted a FedEx label on the back of one painting that used a font that was introduced six years after Basquiat s death. ....

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