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Massive European Art Forgery Ring Busted

A major European art forgery ring was dismantled, leading to the seizure of thousands of fake artworks and the investigation of dozens of suspects.

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Spanish

United States

European UnionInvestigationEuropeCrimeFraudArt

EurojustItalian Ministry Of Culture

Andy WarholBanksyPablo PicassoAmedeo ModiglianiGustav Klimt

What role did auction houses play in the scheme?: Complicit auction houses in Italy issued false certificates of authenticity, highlighting the sophisticated nature of the operation.
When did the investigation into the forgery ring begin?: The investigation began in March 2023 with a discovery of 200 forgeries in Pisa and expanded to include online auction sites.
Which artists' works were most frequently counterfeited?: Among the artists imitated were Warhol, Banksy, Picasso, Modigliani, and Klimt, with Warhol and Banksy forgeries being particularly common.
What was the estimated economic damage caused by the forgery ring?: The network, involving up to 38 suspects, caused an estimated €200 million in economic damage by flooding the market with forgeries.
How many counterfeit artworks were seized in the European art forgery bust?: A European art forgery ring was busted, resulting in the seizure of over 2,000 fake artworks from 30 renowned artists. The operation spanned Italy, France, Spain, and Belgium.

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