The Manhattan District Attorney has charged a man for attempting to sell counterfeit artwork that he falsely claimed were by British artist Damien Hirst, including the artist's "spin" paintings and "dot" limited edition prints worth thousands of dollars.
The defendant submitted one spin painting purportedly by Damien Hirst to Sotheby's, an auction house in Manhattan, where it was to be considered for sale. He also allegedly informed Sotheby's that he owned a second Hirst spin painting. In January 2013, Science Ltd., Damien Hirst's studio in London, determined that the first spin painting was a counterfeit.
It was suggested that the spin paintings were each worth between $120,000 and $140,000.
Counterfeit Damien Hirst "Spin" painting with a suggested value of $120,000 to $140,000 was offered for sale in New York.
Authentic looking markings may look convincing, but it is best to obtain an expert opinion before purchasing expensive art.
Counterfeit art is a multi-million dollar fraud scheme.
This counterfeit Damien Hirst "Spin" painting with a suggested value of $120,000 to $140,000 was offered for sale in New York.
Three counterfeit limited edition prints purportedly from artist Damien Hirst were confiscated in New York.
Damien Hirst's studio, Science Ltd., determined that the all three dot prints were counterfeit.