Picasso

Pair apologise in court after being accused of defrauding buyers including some of New York’s most prominent fine art auction housesA father and daughter in New Jersey have pleaded guilty to running a years-long counterfeiting scheme to trick art galleries and auction houses into buying forged paintings of works by prominent artists such as Andy Warhol, Banksy and Pablo Picasso.Federal prosecutors said Erwin Bankowski, 50, and Karolina Bankowska, 26, commissioned an artist in Poland to create at least 200 of the fakes and ultimately defrauded buyers of at least $2m. Continue reading...

Ari Hodara bought his ticket at the weekend after finding out about the raffle by chance while dining outA Parisian art enthusiast could not believe his luck when he found out on Tuesday he had won a Pablo Picasso painting worth more than €1m with a €100 raffle ticket.“How do I check that it’s not a hoax?” said Ari Hodara, 58, after organisers called him following the draw at Christie’s auction house in the French capital. Continue reading...

Number of tickets to win Tête de Femme will be capped at 120,000 and proceeds will go to Alzheimer’s researchA raffle in France is offering the chance to win a portrait by Pablo Picasso for the price of a €100 (£87) ticket, with proceeds going to Alzheimer’s research.Picasso painted the gouache-on-paper Tête de Femme (Head of a Woman) in 1941. The raffle organisers’ online sales platform says the number of tickets will be capped at 120,000, meaning the draw could net €12m if they are all sold. Continue reading...