Reveal

Fancy Galleries, Fake Art

13 snips
Dec 20, 2025
Giselle Rigatau, an investigative reporter known for her deep dives into art fraud, and Jason Hernandez, a lead federal prosecutor specializing in art crimes, unpack a scandal where two prestigious galleries sold over $80 million in fake masterpieces. They discuss the cunning methods behind the operation and the challenges of prosecuting art crimes, shedding light on why galleries escaped indictment. Additionally, they explore a looted Modigliani painting linked to the Panama Papers, revealing the tangled web of ownership and legal battles that followed.
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ANECDOTE

Collector's $4M De Kooning Turns Out Fake

  • John Howard bought a de Kooning for $4 million and later learned it was fake after an expert pointed out an anachronistic pigment.
  • He saw the painting as a family milestone and felt betrayed when its authenticity collapsed.
INSIGHT

Trust In Galleries Fueled The Fraud

  • Ninety percent of the 63 fake masterpieces were sold through two trusted New York galleries over 15 years, totaling over $80 million.
  • The fraud relied on institutional trust rather than direct street sales from the forgers.
ANECDOTE

Garage Forgeries Dressed Up As Heirlooms

  • The forgeries were produced in a Queens garage using tricks like rubbing tea bags and adding dust to simulate age.
  • A Chinese painter churned out works in the styles of Pollock, Warhol, Rothko and others for the scheme.
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