Thursday 14 March 2013

A Crisis of Confidence? The Economics of Authenticating Art

Michael McCullough has an interesting post on his blog: "A Crisis of Confidence?" about the "economics of authenticating art". This is very topical given the ongoing efforts of a group of US dealers under the cover of being a group of "Very Concerned Collectors" to hound a new York antiquities dealer over the alleged inauthenticity of much of his stock. In this they want to avoid a shift towards closer due diligence in the matter of accounting for the manner in which certain objects appear on the market which would be the natural way of dealing with the problem of the insertion of fakes into a no-questions-asked market. McCullough discusses the fluidity of authenticity opinions and the inability of courts to adjudicate in such issues.

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