Sotheby’s Reimburses Buyer for $10 Million After Discovery of Forged Old Master Painting

October 8th, 2016

Sotheby’s has reimbursed a buyer for a $10 million dollar Old Masters piece recently discovered as a fake.  The piece, attributed to Frans Hals and sold by the auction house five years ago, was recently subject to extensive tests proving that the work was a forgery.  “It’s one of the biggest scandals in my memory,” says dealer Richard Feigen. “It’s going to make people very wary, extremely careful about things they are offered and the sources of those things.”

Read more at Bloomberg