The New York Times thinks so, citing fictitious starting bids at major art auctions and, worse, bids by third parties who have already agreed to buy a painting but who will receive a cut of the profits if they can coax an unwary collector to pay a higher price.
And why do New York art dealers almost never post the prices of works displayed in their galleries, even though they're legally required to do so?
Maybe the art market does need regulating. Or does risk add zest to art as an "alternative asset?"
•As a public service, here's a real Picasso print.
See Nicholas Forrest: How to Spot a Fake Picasso