The Italian artist Amedeo Modigliani is considered to be one of the most faked artists in history. So it is unsurprising that there are more than a handful of unsuspecting owners of counterfeit Modiglianis. More shocking is the fact that Modigliani Institute President, Christian Parisot, may be responsible, at least in part, for the number of fake Modiglianis being circulated in the market. According to recent reports, Parisot is embroiled in an international forgery investigation based on allegations that he provided false certificates of authenticity for over $8.6 million worth of counterfeit works. These revelations are as troubling as they are ironic, considering that a number of prominent foundations recently have ceased authenticating their artists’ works at least in part over fear of litigation. Owner of artworks suspected of being forgeries or having questionable provenance should contact legal counsel to discuss their options.
The art world, and the laws that regulate it, are continually evolving. Grossman LLP’s Art Law Blog offers our insights into the important legal issues and developments impacting the art world on a daily basis.