Police arrest a Florida art dealer for peddling fakes after he tried to pass off a $495 print as a $12 million Basquiat:
Galerie Danieli stood out from its white-cube, blue-chip neighbors. It was decorated with velvet ropes, a red carpet, and over-the-top crystal chandeliers hanging from the ceiling. Art was hung salon-style alongside large television monitors displaying NFT drops.
Authorities believe many of the forgeries are cheap reproductions with fake seals of authenticity—like a “Basquiat” that Bouaziz stands accused of having bought on LiveAuctioneers for $495 before flipping it to an undercover FBI agent for $12 million. Bouaziz is said to have similarly sold a €450 Lichtenstein print to an undercover agent for $25,000. Investigators found it had different colors than the real version included in the artist’s catalogue raisonné.
To pass off the knock-offs as originals, Bouaziz is believed to have forged signatures and provided false provenance documents.Eventually, some of Bouaziz’s unsatisfied clients started demanding their money back.
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