JOURNAL ARTICLE

Auctioneer who created 25 fake Basquiat paintings that brought down the CEO of Orlando's art museum will plead guilty.

  • Published In: Fortune.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Dazio, Stefanie 3 of 3

Abstract

The article focuses on a former Los Angeles auctioneer, Michael Barzman, who has agreed to plead guilty in a fraudulent art scheme involving fake paintings attributed to artist Jean-Michel Basquiat. The counterfeit artworks were displayed at the Orlando Museum of Art before being seized by federal agents in a scandal that led to the museum's CEO's resignation. Barzman, who faced significant medical debt, admitted to creating the bogus paintings and providing false provenance, claiming they were found in a storage locker belonging to television writer Thad Mumford, who denied ever owning Basquiat art. He faces up to five years in prison for making false statements to the FBI. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2023/04, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2023
  • Accession Number:163088124
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