I just finished reading Provenance: How a Con Man and a Forger Rewrote the History of Modern Art. Excellent read. I highly recommend it for the intrigue and insight into the world of auctions, dealers, and museums.
It got me thinking about this age-old question.
If a purported masterpiece fools even the experts, why is it worth less after it's discovered to be a forgery?
It's the same painting as it was the day before. Yet it's worth millions less on the market.
Is it fair?
Bonus: Check out John Myatt's site. He's the artist-forger featured in Provenance.
Image ©John Myatt