AP
Investigation into a European fraud network leads to seizure of more than 2,000 fake artworks
Forgers made fake Warhols, Banksys and Picassos and tried to sell them to unsuspecting buyers with the help of complicit auction houses in Italy. Thirty-eight people were placed under investigation in an operation that may have dismantled a network that could have done 200 million euro in economic damage by flooding the art market with phony works.
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Italian authorities say they have dismantled a network of art forgers who made fake Warhols, Banksys and Picassos and then tried to sell them with the help of auction houses.
