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Knoedler Gallery: A 165-Year-Old Gallery Sold $80 Million in Fakes, Painted in a Queens Garage

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In New York, there was an art gallery that had been open for a hundred and sixty-five years. It opened its doors fifteen years before the American Civil War began, and its customers were the major museums and the richest families in America. On November 30, 2011, it suddenly announced that it was closing for good. The day before, a lab report had reached the gallery: a painting a client had bought there for seventeen million dollars was a fake. In all, this scheme sold more than eighty million dollars' worth of fake masterpieces, and every one of them was painted in a…

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