PP807-CON The Gray Market: Valuing Unauthenticated Objects

CE 1 | ARM

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Session Description

There is a rampantly growing "gray market" of inauthentic and unauthenticated works at small regional auctions, galleries and online-only venues.  Bolstered by flagrant misrepresentations and airtight disclaimers, collectors are losing millions of dollars on artwork in this market segment - and then asking appraisers to value them.  Topics to be addressed in this panel include the disparity in various auction house disclaimers, the concept of what makes an expert definitive, the legality of selling such objects and how to appraise them.  Do they have value?  Should they?     

Speaker Information

Brian C. Brusokas, Special Agent | Federal Bureau of Investigation
Megan E. Noh, Esq., Partner | Pryor Cashman LLP

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Disclaimer: The opinions expressed in this presentation are that of the presenter(s) and do not necessarily reflect the views and opinions of the American Society of Appraisers.

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