Growth in Online Art Market Brings More Fraud (NYTimes.com)

A recent study by statisticians at George Washington University and the University of California, Irvine, estimated that as many as 91 percent of the drawings and small sculptures sold online through eBay as the work of the artist Henry Moore were fake.

The Giacometti Foundation and the Picasso estate view the problem of bogus art sales as so acute that this year they helped found a new association, the International Union of Modern and Contemporary Masters, to promote legal protections “against the circulation of counterfeit works of art.”

Read more: Growth in Online Art Market Brings More Fraud – NYTimes.com.