In the wake of the multiple lawsuits brought against the Knoedler Gallery for sales of counterfeit art since the space closed in 2011, Forbes Magazine has published an article detailing the lack of oversight and due diligence that often plagues collectors when art and antiques are being bought or sold. “Sophisticated businesspeople would never do a business deal without asking questions, but somehow when they are buying art or collectibles, their common sense flies out of their head,” says Patty Gerstenblith, a professor of Art and Cultural Law at DePaul University.
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