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October 22nd, 2012

Elegy, a painting once attributed to Robert Motherwell, was later discovered to be a fakeMore information about the quantity of purportedly fake paintings sold by Knoedler has surfaced. The recent filings outline that Knoedler earned approximately $60 million in revenue from artwork it took on consignment from Glafira Rosales, clearing about $40 million in profit. Many of the works lacked full provenance records and were offered at below-market prices to the gallery.

Read the article via The New York Times