A ring of art counterfeiters has sold thousands of prints since 1999 bearing the forged signatures of Picasso, Miro, Dali and other famous artists to buyers around the world.
"Thousands of people will learn they ... bought a fake," said Chicago-based U.S. Attorney, who announced indictments on Wednesday charging two Americans, a Spaniard from , and two Italians from and Monsummano with multiple counts of fraud.
U.S. authorities will seek to extradite the Europeans.
Sale prices ranged up to $50,000 for counterfeit prints that came with forged artists' signatures andthat were sold in galleries, at art shows and through Internet auction site eBay, Fitzgerald said.
The counterfeits were produced inand , with the volume of fakes such that two of the alleged conspirators warned another one not to flood the market.
I am pretty sure that Picasso and Miro fakes have been abundant well before 1999, both because they are in high demand and because they are so easy to fake!! My advice is to collect original art by up and coming people and leave the famous artist print market to the crowds. Mrs. Angus and I started out in prints but have been moving more and more toward originals. Anybody want to buy a nice pair of Howard Hodgkin prints?