Although today’s entry is on the short side, this is still a fascinating story of intrigue and art forgery and I would highly recommend reading both this article and this article to learn about this case.
(image courtesy of Art Market Monitor)
The story, in a nutshell, goes like this: Once upon a time there was a woman named Tatiana Khan who sold a small Picasso sketch of a lady in a blue hat for $2 million. It sold for $2million because 1) it was a Picasso, 2) it belonged to a famous family estate (the kind that may have the word “Forbes” in the title). One day the person who purchased the piece became concerned about its authenticity and started making enquiries. It turns out that the fact that the sketch was maybe a few years old, made by a female artist living near LA. Upon being confronted by the FBI, she made a startling confession: the artist had been asked by Ms. Khan herself to make a copy of the famous sketch, a rather involved story involving hoodwinking some bad guys with a copy of the piece. Khan in turn had sold the piece as genuine and bought a Willem de Koonig with her ill gotten gains.