TEFAF Maasricht
The great and the the good of the art world have beeb gathering in the pretty Dutch town of Maastricht, once the battleground for the ancient Tory Brexiteers – for TEFAF, an art convention of dealers.
One of the talking points will be the indictment of Jonathan Green of the Green art dealing family for money laundering a Picasso sale.
He fell prey to a FBI entrapment.
In fact Richard Green and his family have an unblemished if expensive reputation.
This what happens in an unregulated market with a lot of cash swirling about.
A Picasso represents a gilt edged investment likes town house in Chelsea or New York as well a status symbol. Prices for a Pete Doig will be similarly stratospheric. There will be a few dealers who will be thinking “There but for the grace of God go I …”
