Monday, December 16, 2013

Art, Forgery, Art Market, China

A Culture of Bidding: Forging an Art Market in China: "Indeed, even as the art world marvels at China’s booming market, a six-month review by The New York Times found that many of the sales — transactions reported to have produced as much as a third of the country’s auction revenue in recent years — did not actually take place. Just as problematic, the market is flooded with forgeries, often mass-produced, and has become a breeding ground for corruption, as business executives curry favor with officials by bribing them with art." (read more at link above)

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NYTimes: Art & Design