The Wildenstein era will end, and the art market will benefit
At last the BBC has made decent programme about the art market. However, the conclusions reached on ‘Fake or Fortune’ confirm what most of us already knew — that when exposed to a raking light, the art market is a deeply unpleasant place in which to do business.
The programme — still available on the BBC’s iPlayer (here) had presenter Fiona Bruce and renowned London-based art sleuth Philip Mould (above left) seeking to authenticate a Monet — Les bords de la Seine à Argentueil — bought for £40,000 some 18 years ago by David Joel, a British man in his eighties. Mr Joel has never been in any doubt that his painting was a signature work by Monet. Trouble is, the mighty Wildensteins disagree.
For forty years the Wildenstein dynasty in Paris has been publishing the five-volume Monet catalogue raisonné, the ‘bible’ containing all known authenticated works by the artist. No Monet can be sold at a major auction house without being listed in the catalogue.