Is half the art fake?

Is half the art fake?

In October 2014, a press release by the AFP reported that Yann Walther, at this time, executive director of the Fine Arts Expert Institute (FAEI) in the Geneva Freeport, claimed that estimates of 50 percent of art circulating on the market being forged or misattributed. According to Walther, approximately 70–90 percent of artworks that his organization examines on behalf of collectors and dealers end up not being by the artist claimed.