Are Over Half the Works on the Art Market Really Fakes?

Are Over Half the Works on the Art Market Really Fakes?

50% of Works on Art Market Are Not Fake: Over-Zealous Statement Walked Back. Yann Walther, executive director of the Fine Arts Institute in Geneva, told The Daily Beast that the headline-grabbing claims should be treated with caution. “People who come to us often already have a question about the authenticity of the work,” he said. “So this does not mean that on the market, 70 to 90 percent of work is fake.”