The three forged painting seized by police in Toledo, Spain. Courtesy of the Valencian Generalitat Police.
Police in Spain have intercepted three forged paintings attributed to El Greco, Francisco de Goya, and Amedeo Modigliani.
The counterfeit canvases came from a non-specialist collector based in the province of Toledo who had intended to sell the works as originals, according to an announcement from the Historical Heritage group of the Generalitat Police in Valencia. The asking price? A combined €12.5 million ($14.6 million).
The seller, whose name has not been revealed, allegedly worked with numerous dealers to offer the works for sale in Switzerland, Mexico, and Germany in exchange for a 10 percent commission. Potential buyers had been lined up.
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The Modigliani facsimile, a chest-up portrait of a woman, was the prize of the bunch, offered up for €8.5 million ($10 million). It included the artist’s forged signature on the reverse and falsified documents of authenticity. […]