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Monday, 28 September 2015 10:05

As Art Sales Soar, Authentication Boards are on the Decline

Caravaggio's 'The Cardsharps.' Caravaggio's 'The Cardsharps.' Wikipedia/Google Art Project

Art is about life and the art world is about money,” Damien Hirst famously said. And with the European Fine Art Foundation estimating $57.3 billion in global art sales last year, his observation has never rung more true. But as art prices soar, ensuring the authenticity of one’s artwork (read: its value) is becoming an increasingly muddled and costly affair.

Four years ago, the Andy Warhol Foundation dissolved its authentication board, the official arbiter holding sway over which works are certified as those of the artist’s and those that are not.

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