Internet changes art dealing

2010-06-21 18:13

New York - When Philip Mould began as a professional art dealer 22 years ago, the buying and selling of high-end artwork was confined to a small group of well-versed art historians who scoured the globe in search of masterpieces.

But the timeless world of art has changed in the age of the internet and technology. Once limited to examining 15 to 20 works per day, Mould and his staff can now judge the value of between 50 and 100 works of art per day.

"There are more possibilities, more discoveries. But there is also more competition. There is a new generation that likes the adrenaline rush, and buys indiscriminately," Mould said.

Mould's new book, The Art Detective, explores the once-shadowy but now widely accessible world of art dealing and restoration. "Knowledge is more democratised now," he said.

Mould once had to use low-quality photographs to judge a work of art being offered by a seller. Now he is able to closely examine every inch of a painting by using modern digital imagery.

"Photography has transformed the art world," he said.

His book is subtitled Fakes, Frauds, and Finds and the Search for Lost Treasures.

Among the best of his stories: The discovery of a Rembrandt self-portrait.

Originally attributed to a follower of Rembrandt, the painting once was valued at between $2 000 and $4 000. Later, having been authenticated as a lost self-portrait, it sold at auction for $5.2m. It is now valued at an estimated $40m.

Thrill of the chase

Mould, 50, is an expert on British portraiture and a presenter for the television series Antiques Roadshow, in which appraisers judge the value of antiques purchased across Britain. The show has been duplicated in several countries, including the US, Canada, Australia and Germany.

Mould says he is drawn to the art itself and to the excitement of the chase.

"The most exciting moment is when the painting is taken out to be improved and restored," he said. "It's the artistic equivalent of open-heart surgery. Sometimes I can't even watch. Emotions are extreme, especially when you've paid for it yourself."

Mould uses his expertise to expose fraud. British police have estimated that 50% of the art sold on eBay, for example, is fraudulent.

"There are more fakes now. A lot of fakes come from China, for example. But one can never recreate the effects of time. Even the smell is important," Mould said.

"It's very exciting. Old-fashioned connoisseurship is greatly assisted by modern science," he said.

Sophisticated fingerprint technology allows buyers to authenticate art by finding the sometimes centuries-old fingerprint of the artist.

"A fingerprint is better than a signature in establishing whether something is authentic or not. Unlike a signature, a fingerprint cannot be faked."

Read more on:    internet  |  technology  |  books  |  arts
NEXT ON NEWS24X

Read News24’s Comments Policy

 

Inside News24

 
 

ANCYL: Not voting would be blasphemy

Not voting in the forthcoming elections would be blasphemy, the ANCYL says in a statement commemorating the 50th anniversary of struggle icon Nelson Mandela's Rivonia trial speech.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters
 
Traffic
Lottery
 
  • Thursday Sir Lowry's Pass - 05:35 AM
    Road name: Old Sir Lowrys Pass Road
    TRAFFIC LIGHTS not working at Bezweni Road
  • Thursday Cape Town - 05:35 AM
    Road name: Buitengracht Street
    TRAFFIC LIGHTS not working at Waterkant Street
 
More traffic reports...
 

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Escape winter, head to Mauritius

Escape winter by spending 7 nights in Mauritius' tropical bliss from R13 215 per person sharing. Includes return flights, airport transfers and accommodation. Book now!

Kalahari.com - shop online today

Get many eggs in one basket!

Gaming bundles: 2 Super Hits games for R99, 3 Disney games for R99 and more + exclusive accessory bundles only available on kalahari.com. While stocks last. Shop now!

25% off bestselling books!

The Real Meal Revolution by Tim Noakes, Jeffrey Archer’s Be Careful What You Wish for, Man’s Search for Meaning by Victor E. Frank and many more titles. Shop now!

Up to 25% off electronics

Buy top electronics and save up to 25%. Such as kalahari.com’s 1# selling product the gobii eReader, Patriot X Porter flash drive, Asus Nexus 7” 3G tablet, Samsung Galaxy SIII, Lenovo G580 Notebook and many more. Shop now!

DStv HD PVR Decoder now R949

The DStv HD PVR Decoder has further revolutionised the television experience with lifelike viewing, sharper images, more vibrant colours and precision picture quality. Now R949, save R550. Offer valid while stocks last. Shop now!

Up to 30% off appliances & homeware

Save up to 30% on appliances and homeware this Easter! Offer valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

BlackBerry Torch 9810

The BlackBerry Torch 9810 gives you the powerful combination of...

From R2815.00

I'm shopping for:

Horoscopes
Aquarius
Aquarius

There may be a break through, either through quiet contemplative time to connect to your deep side or forced on you by...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.