WEBVTT - Introducing: Art Fraud

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<v Speaker 1>The art world. It is essentially a money laundering business.

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<v Speaker 1>The best fakes are still hanging on people's walls. You know,

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<v Speaker 1>they don't even know or suspect that their face. I'm

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<v Speaker 1>Alec Baldwin and this is a podcast about deception, greed

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<v Speaker 1>and forgery in the art world. I just walked in

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<v Speaker 1>and saw this bright red painting presuming to be a rothko.

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<v Speaker 1>Of course, art forgeries only happen because there's money to

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<v Speaker 1>be made, a lot of money. I'm listening to how

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<v Speaker 1>what they're paying for these things. It was an incredible

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<v Speaker 1>man of money. We sent him a check for one million,

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<v Speaker 1>one thousand, but he said to us that he thought

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<v Speaker 1>the picture was now worth three million, and he was

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<v Speaker 1>gonna sue us for that much money. The art market

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<v Speaker 1>is ripe for cons because it's inherently subjective. I just

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<v Speaker 1>couldn't even look at it because as it was so

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<v Speaker 1>garish and so not by Rothkoe. You've got to prove

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<v Speaker 1>that the paintings are fake, and you've got to prove

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<v Speaker 1>that someone who sold them knew that they were fake.

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<v Speaker 1>There were an unusually large number of prominent people who

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<v Speaker 1>seemingly were going to stand by the paintings and say

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<v Speaker 1>that they were real. You knew the painting was fake. UM.

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<v Speaker 1>Listen to Art Fraud on the I Heart Radio app,

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<v Speaker 1>Apple podcasts, or wherever you get your podcasts.