The Story Of Knoedler’s $80m Art Fraud – Netflix. Could crypto be a solution to art fraud and verification of unique staff?

The Story Of Knoedler’s $80m Art FraudNetflix. Could crypto be a solution to art fraud and verification of unique staff?

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  1. While NFTs could help with the uniqueness of art there’s certainly other areas that are very problematic.

    Crypto NFTs are seeing the same fraud as art has seen for ages. Put up some art for sale at a price much too high, get a friend to buy it, pay your friend back and now you have a piece of art that is worth much more than what you paid for it. Wait a year or two and put it up for sale again. Hello huge profit. Want to launder money well this is how you do it

  2. tldr; A new Netflix documentary, ‘Made You Look: The True Story About Fake Art’, charts the demise of New York’s oldest commercial art gallery, Knoedler, which was shut down in 2011 amid lawsuits for fraud concerning questionable paintings purporting to be by Jackson Pollock, Mark Rothko, Clyfford Still, Robert Motherwell and Richard Diebenkorn. Founded in 1846, the gallery sold European Old Master paintings to the likes of Cornelius Vanderbilt, William Rockefeller, John Jacob Astor, Andrew Mellon, J.P. Morgan, and Henry Clay Frick.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. provenance is often the cornerstone when the authenticity of a certain artwork is in question. often times, the older the artwork, the more muddier the provenance and harder the authentication process. this is where the study of materials and different mediums (they can and have been successfully duped before) and the opinions of experts (they can and have been wrong before) come in play.

    there’s already multiple blockchains that offer solutions to tracking and maintaining transparency to supply chains etc. so I could see this working with provenance as well.



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