Georgina Adam reports in her Financial Times column that the dealer behind the Giacometti forgery ring discovered in Germany has been given a seven-year sentence:
The dealer from Mainz, who was not identified to the press, was found guilty of fraud and falsifying inscriptions on sculptures. German police seized more than 1,000 bronzes and plasters, purportedly by Giacometti, from a Mainz warehouse in 2009. The dealer is not appealing, according to Stuttgart public prosecutor Mirja Feldmann.
The Art Market: Galloping Inflation (Financial Times)