A once-prominent art dealer pleaded guilty on Thursday to a $120 million fraud scheme, admitting he sold paintings he did not own and at least once sold fractional shares of a painting that added up to more than 100 percent.
Zero Mostel approves.
Edited to add: URL fixed. Sorry.
Edited to add 2: Everything you ever wanted to know about the WSJ and hedcuts. I’m throwing this in here because:
- I do consider hedcuts a form of art, and
- I’m trying to limit myself to one “Art, damn it, art! watch” per day.
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