Thursday, June 21, 2012

Sotheby's caught selling fakes dispute

Recently, with the country's economic situation, the Greek art industry is going through difficult times. A series of antiquities theft, already weakened by this worrying situation of the national museum, the Greek art market suffered a heavy blow. This month, an expert in the Sotheby's sale of a Greek artist Constantin Parthenis forged works convicted. It will undoubtedly increase the number of forged works of anxiety and concern in the trading market. Greek art market began to rise because of the 2001 Sotheby's first auction transactions, but in 2008 the circulation of fake rumors began to swing.

Experts said that Sotheby's background is worth noting that the events in Greece: where the collector is usually whether the legal means to resolve the event of counterfeit goods and hesitant. A Greek art collector, said: "We and the United Kingdom and the United States, we are reluctant to publicly discuss this topic counterfeit goods because of a lack of trust in justice, collectors are usually reluctant to expose their naive and wrong".

However, such unstable art market has not affected the Diamantis Diamantides. The shipping tycoon is also Greek art a greedy seller. Litigation with Sotheby's in January, he claimed that the auction house to convince him to buy two suspected forged works by fraudulent means. Which a price of about $ 850,000 in 2007 to create the Parthenis records. The court ruled that this piece of work called "Virgin and Child" is really a forgery, so Sotheby's $ 1,160,000 in damages to pay shipping tycoon. The judge also said that England, the jurisdiction of another painting, he can not be tried.

Received the verdict in the most inappropriate time, Sotheby's auction of European painting in London wind and water. The impact of the verdict, the end of the auction on June 12 despite the Constantin, Volanakis, Nikos Hadjikiriakos-Ghika's work, but only one Greek works were sold.

Sotheby's auction house spokeswoman Diana Phillips said in an e-mail statement to Artinfo, "Sotheby's on the court's decision shocked and disappointed", plans to appeal. She said: "Obviously, an annual sale of billions of dollars worth of art, and dependent on the protected works and the purchase of the interests of the reputation of the auction house will not risk the intentional sale of counterfeit goods". Only time can tell whether our shipping tycoon's victory will inspire other disgruntled collectors more suspicious works they purchase onto the court.

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