The underworld of art
- R. T. Naylor
- … show all 1 hide
Purchase on Springer.com
$39.95 / €34.95 / £29.95*
Rent the article at a discountRent now
* Final gross prices may vary according to local VAT.
Although crime in the market for fine arts has a long historical pedigree, the explosive growth of the market, and the conversion of art (along with collectible goods of all sorts) into speculative assets, that began or at least accelerated in the mid 1970s, focused increasing attention on the phenomenon. At the same time the issue of protecting cultural patrimony became a subject of greater contention between source and market countries, while common law and civil code jurisdictions struggled over how to reconcile approaches to regulation and enforcement. This paper highlights these issues with specific reference to the market for high-end paintings although its lessons are germane to all subdivisions of the collectibles market. It attempts to elucidate the main criminogenic factors—speculative shifts in demand, fraudulent supply, and illegal activity by various intermediary institutions ranging from dealers to appraisers to auction houses, while highlighting the role of collectors, museums, and financial institutions both as victims and active participants. Despite enduring myths about “organized crime,” illegal operations in the art market are the work overwhelmingly of insiders who alone have the technical knowledge and circle of intimates necessary to link an illicit supply with a demand that can range from the strictly legitimate, the legal but dubious, and the explicitly criminal. The critical lesson is that stolen, forged or smuggled material makes its way through much the same circles of intermediaries and ends up for the most part in the same locations and the same hands as artwork of legal origin.
- Conklin, J. (1994). Art crime. Westport: Praeger.
- Middlemas, K. (1975). The double market: Art theft and art thieves. Middlemas, UK.
- Massey, L. (2000). Le Vol D’Oeuvres D’Art: Une criminalité méconnue. Brussels.
- Mackenzie, S. (2005). Criminal and victim profiles in art theft: opportunity and repeat victimization. Art, Antiquities and Law, X(4), 353–370.
- Hoving, T. (1996). False impressions: The hunt for big-time art fakes pp. 60–62. New York: Simon and Schuster.
- Reitlinger, G. (1961). The economics of taste: The rise and fall of the picture market 1766–1960 (p. 39). New York.
- Myer, G. (1907). History of the great American fortunes. New York.
- Watson, P. (1992). From Manet to Manhattan: The rise of the modern art market. New York.
- von Larsons, M. J. (a pseudonym) (1929). An expert in the service of the Soviet. London: Ernest Benn. translated from the German original.
- Williams, R. (1980). Russian art and American money 1900–1940. Cambridge: Harvard University Press.
- Epstein, E. J. (1996). Dossier: The secret history of Armand Hammer. New York: Random House.
- Secrest, M. (2004). Duveen: A life in art. New York.
- Attwood, R. (2004). Stealing history. New York: St. Martin Chap 10.
- Alford, K. (1995). The spoils of World War II: The American military’s role in sealing Europe’s treasures. New York.
- Alford, K. (2000). Great treasure stories of World War II. Mason City.
- Frank, R. (2007). Richistan: A journey through the American wealth boom and the lives of the new rich. New York: Crown.
- Green, T. (1967). The smugglers (p. 231). London.
- Meyer, K. (1973). The plundered past. New York.
- Cone, T. (1990). The kindness of strangers. Arts Magazine, May–Sept.
- Naylor, R. T. (2004). Hot money and the politics of debt (3rd ed.). Montreal, chaps. 15, 16.
- Stein, A.-M. (to George Carpozi) (1973). Three Picassos before breakfast: Memoirs of an Art Forger’s wife. New York.
- Decker, A. (1988). Limited editions. ARTnews Summer.
- Watson, P. (1997). Sotheby’s: The inside story. New York: Random House.
- Sherman, W. (1990). The Marcos collection. ARTNews Oct.
- McPhee, J. (1994), The Ransom of Russian Art. New York
- Akinsha, K., et al. (1996). The betrayal of the Russian Avant-Garde. ARTnews Feb.
- McKenzie, S., & Green, P. (2008). Performative regulation: a case study in how powerful people avoid criminal labels. British Journal of Criminology, 48, 138–153. CrossRef
- The underworld of art
Crime, Law and Social Change
Volume 50, Issue 4-5 , pp 263-291
- Cover Date
- Print ISSN
- Online ISSN
- Springer Netherlands
- Additional Links
- Industry Sectors
- R. T. Naylor (1)
- Author Affiliations
- 1. Department of Economics, McGill University, Montreal, Canada