ARCA highlights TrackArt’s services, especially the importance of DNA security coding services to the art market. Click on the link to read the article. http://art-crime.blogspot.it/2015/11/price-and-provenance.html?m=1
“Price & Provenance”
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Topic: Art Crime
In the High End Art Market, Real or Fake Is Less Important
In the High End Market
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The link between art and money laundering – The Globe and Mail
Another article on the link between the art sector and money laundering. The unregulated nature of the art market and the fact that it is not classified as a Designated Non-Financial Business and Profession (DNFBP) – and thus, less stringent compliance – provides plenty of loopholes to exploit. http://www.theglobeandmail.com/report-on-business/international-business/european-business/economists-urge-tighter-regulations-to-curb-money-laundering-in-art-market/article26217852/?service=mobile
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The Billionaire, the Picassos and a $30 Million Gift to Shame a Middleman
The saga continues… http://mobile.nytimes.com/2015/09/24/arts/design/the-billionaire-the-picassos-and-a-30-million-gift-to-shame-a-middleman.html?_r=0&referer=http://t.co/o4560b78kT
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Master Forger Swaps 143 Artworks with His Own
Once again, a story that cries out for the original pieces to have been DNA coded. https://news.artnet.com/art-world/chinese-librarian-art-forger-318533?utm_campaign=artnetnews&utm_source=072115daily&utm_medium=email
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Warhol’s Jews Stolen and Replaced with Fakes
Switched in plain sight. Crime years old. DNA security coding helps to protect the provenance of the art work and can aid recovery of them. If found stolen, TrackArt, with the client’s consent, is able to upload the details of the pieces from our asset management database to international law enforcement agencies’ and professional art […] Read More
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Where is China’s hidden art money? – The Art Newspaper
An article from last year, but it interestingly connects trade figures to ways of getting Chinese money off shore. http://old.theartnewspaper.com/articles/Where-is-Chinas-hidden-art-money/31628
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China Focus: Tomb raiders put Chinese history in grave danger – Xinhua | English.news.cn
More cultural heritage plundering. Whilst there is good money to be made from looting and smuggling and hardly any questions asked or due diligence conducted, is it any wonder we keep reading about such stories? http://news.xinhuanet.com/english/2015-08/02/c_134472668.htm
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Beijing Signs Landmark Pact To Stem Flow Of Macau’s Dirty Casino Cash
According to the Financial Action Task Force (FATF), casinos are put in the category of a Designated Non-Financial and Business Profession (DNFBP) and so are subject to certain compliance checks and balances, due diligence procedures, etc – much the same as are in place for the financial sector. The art sector, however, is not even classified […] Read More
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Chinese Financial Turmoil and the art market-artnet News
https://news.artnet.com/market/chinese-turmoil-melt-art-market-321521?utm_campaign=artnetnews&utm_source=080215daily&utm_medium=email
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