Manhattanartauctions.com Website Review

licensed new york city auctioneers and fundraising auction house. how new technology of blockchain can stem illegal traffic of works of art? this is an old art market rule: provenance of a work of art determines a large part of its value. while a prestigious past can increase the price, or even gets more valuation than the work of art itself, an insufficient amount of details about provenance cause issues. artists foundations, experts and certificates of authentication help art market institutions to compensate for the lack of transparency intrinsic to this market. unfortunately, all of these controls are not enough to stop forgeries or stolen works of art during wars to be. auctioned off. this is the reason why blockchain technology could be a revolution in the art market by guaranteeing the provenance of any. this is the price of success: the rapid growth of art market during 20th century resulted in an increasingly important market of forgeries due to demand outst*ipping supply. for bypas*ing the distrust of auction houses and art experts, some forgers exercise high imagination about provenance of their false masters canvas. one of the most famous, the couple wolfgang and helene beltracchi, created new canvas from lost masterpieces of max ernst, heinrich campendonk and many others. the illusion was total. arrested in 2010 after more than 30 years of career, he declared “sometimes, in a christie’s catalog, there were three paintings by famous artists i painted”. one year after, in 2011, another scandal followed. the former director of knoelder gallery in new york, ann freedman, got arrested due to its forger activity. for more than 15 years, she was taking advantage of the great reputation of the gallery (the oldest in usa) to justify the mysterious provenance of great signatures. she sold more than 40 fake canvas of jackson pollock, willem de kooning or barnett newman, among others, and eared around $70m. today, because of the lack of transparency concerning provenance, many canvas created by forgers are