Italy Seizes 500 Fake Francis Bacon Works

Saturday, September 11, 2021
Italy Seizes 500 Fake Francis Bacon Works

Italian authorities on Friday said they had seized 500 works of art suspected of being Francis Bacon counterfeits, along with cash and other valuables worth around three million euros.

Italian authorities on Friday said they had seized 500 works of art suspected of being Francis Bacon counterfeits, along with cash and other valuables worth around three million euros.

Five people have been charged with criminal conspiracy to "authenticate and circulate fake works of art" and "fraud and money laundering", according to an official statement. The main suspect is a collector from Bologna, according to media reports. He had been the subject of two different investigations since 2018, the statement said.

Peter Beard, Untitled (A Portrait of Francis Bacon), Circa 1970s via philips.com

Police launched the first after discovering "numerous works of contemporary art... including two drawings (purporting to be) signed by Francis Bacon, one of the most famous artists of the 20th century" at the man’s home.

The second investigation was opened by the tax authorities, which found "financial flows with foreign countries... incompatible with his legal sources of income", the statement said. Francis Bacon (1909-1992) is famous for his triptychs, one of which, "Three Studies of Lucian Freud", sold for $142.4 million (120 million euros at today’s exchange rate) in 2013 at Christie’s in New York, making it one of the 10 most expensive paintings ever sold at auction.

 

 

Telegram Channel

ArtDependence is now also available on the messaging platform Telegram. Telegram is a cloud-based mobile and desktop messaging app with a focus on security and speed.

Subscribing to the ArtDependence Channel allows you to easily stay up to date with the latest ArtDependence news.

Subscribe to the Newsletter

Image of the Day

Jessica Rankin's new work for 'Art World Goes Green' initiative in support of WWF action on climate crisis.

Jessica Rankin's new work for 'Art World Goes Green' initiative in support of WWF action on climate crisis.

Search

About ArtDependence

ArtDependence Magazine is an international magazine covering all spheres of contemporary art, as well as modern and classical art.

ArtDependence features the latest art news, highlighting interviews with today’s most influential artists, galleries, curators, collectors, fair directors and individuals at the axis of the arts.

The magazine also covers series of articles and reviews on critical art events, new publications and other foremost happenings in the art world.

If you would like to submit events or editorial content to ArtDependence Magazine, please feel free to reach the magazine via the contact page.