A modern York court recently heard how a gallery sold more than 70 fakes but one art authenticator says the case was such an outlier that its impact was minimalArt Basel,which closed on Sunday, effectively rounds off the art market’s annual program of fairs, or sales and exhibitions. Coming after auctions in modern York that clocked sales totals less than half of those a year earlier,art dealers have been cheered by apparently buoyant sales at the just.
Dealers ticked off the highlights: a Sigmar Polke for €6.5m (£5.1m) at David Zwirner and Paul McCarthy’s Tomato Head (Green) (1994) sold by Hauser & Wirth for $4.75m (£3.3m) and a Mike Kelley Reconstructed History for $1.5m. The availability of such works suggested that dealers are getting more of the best work coming up for sale now that the auction houses have stepped back from offering seller’s guarantees. Related: 'Fake Rothko' trial reduces tragic art to farce Continue reading...
Source: theguardian.com