For Only $40,000, A Genuine Picasso Fake
Art with a Capital F
March 21, 2006: Vol. 2, Issue No. 22
IN THE NEWS
Picasso's Daughter Says Drawing Is a Fake
Maya Widmaier-Picasso, a daughter of Picasso who authenticates works attributed to him, said yesterday in Paris that a $40,000 drawing purchased by a California man through Costco last year was a fake.
—Daphné Angelés and Carol Kino, The New York Times, March 18, 2006
We don't shop at Costco, but I know people who swear by it.
My wife, Peggy, and I—with a tiny 16-foot-wide townhouse—cannot buy food in bulk, because we don't have the storage space, nor do we have a house full of kids, nor do we throw big dinner parties.
But when the folks at church put on a summer picnic or a winter gathering, they drive 16 miles to the King of Prussia, Pa. Costco to load up on gobs of food at low prices.
Costco recently sold an original signed Picasso doodle to Louis Knickerbocker of Newport Beach, Calif. for $39,999.99. According to Maya Widmaier-Picasso, the artist's daughter, it's a fake with a counterfeit Certificate of Authenticity. She also proclaimed a Costco Certificate of Authenticity bearing her name that was attached to a $145,999 Picasso drawing—"Picador in a Bullfight"—to be a forgery.
Is the $22,499.99 Patek Philippe Calatrava men's watch offered on the Costco Web site a Chinese knock-off?
Was the $549.99 Black Fendi handbag manufactured in a Naples back alley?
How many of Costco's DVDs and CDs were copied by the thousands in Hong Kong's New Territories, guaranteeing Costco a usurious mark-up and rooking the producers and artists out of royalties due?
Is the USDA Certified Prime Beef NY Strip at $18.99 really horsemeat from Mexico?
Would I ever trust Costco or shop there?
Not on your tintype.