Tuesday, September 04, 2012

Online Art Sales

Monitoring the New York Times, the Art Market Monitor picks out some interesting data points from Patricia Cohen's front-page story yesterday on the growth in the online art market:

  • One recent study estimated that 91 percent of the Henry Moore drawings and small sculptures sold online were fake.
  • The Giacometti Foundation spent more than 40 percent of its 2011 operating budget on tracking fakes.