Home  News Art News Easier to fake it and make it
|
|
Easier to fake it and make it |
|
|
|
Written by The Age
|
|
Tuesday, 20 July 2010 |
|
Australia's new resale royalty scheme will make it easier for fakes to circulate undetected in the art market by driving sales underground, says auctioneer Damian Hackett, who almost sold the painting Orange Lavender Bay attributed to the late Brett Whiteley but believed to be a fake, at auction in April.
Under the new resale royalty scheme, which came into effect last month, art sold between two private individuals will not attract the 5 per cent resale royalty charge. ''That is an incentive to avoid the auction market, but it's also a danger that a responsible art professional isn't in the middle conducting due diligence,'' said Mr Hackett, whose suspicions about Orange Lavender Bay, supposedly created in 1988 by Brett Whiteley, forced him to withdraw the painting from the April auction at Deutscher and Hackett in Melbourne.
Read more... |
|
