The rise of fakes and false attributions in the art world

Pablo Picasso famously once said, “We all know that art is not the truth.”

With the recent conclusion of the first lawsuit filed against the now defunct, Knoedler Gallery of New York, for selling forgeries, the art world has been abuzz with stories of high-end fakes and the grave issue of false attributions. However, it is a universally established fact that forgeries are not a recent phenomenon but in fact have only grown in prevelance over the last four centuries.

Currently, the FBI estimates that art theft, fraud, looting, and trafficking across state and international lines are a “looming criminal enterprise with estimated losses running as high as $6 billion annually.”