Daniel Elie Bouaziz Indicted on Fees Associated to Artwork Forgery Scheme – ARTnews.com

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Disgraced Florida artwork seller Daniel Elie Bouaziz has been indicted on fees of wire fraud, mail fraud, and cash laundering for allegedly peddling reproductions of works by Jean-Michel Basquiat, Andy Warhol, and Banksy, amongst different distinguished artists, as originals.

Bouaziz was arrested in Could for his alleged involvement within the operation, following an F.B.I. raid of one in all his Palm Seashore galleries, Danieli Superb Artwork, in December 2021.

Bouaziz faces as much as 20 years in jail and a superb of $500,000 if he’s convicted on the 4 fees.

Bouzaiz additionally owns Galerie Danieli on Price Avenue, a preferred vacation spot for outposts of blue-chip galleries. The F.B.I. indictment states that the fraudulent artwork bought from Bouaziz’s enterprises was initially listed on on-line public sale websites at low costs; Bouaziz purchased them and marketed them as originals. He supplied deceptive provenance paperwork to create the looks of authenticity, in addition to “false assertions and value determinations”, in response to the indictment, with a stamped signature block that learn “Daniel Bouaziz, Licensed Worldwide Superb Artwork Appraiser.”

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Among the many the fraudulent works believed to have been bought by the Algeria-born French artwork seller was a “Basquiat” that he purchased on LiveAuctioneers for $495, authorities mentioned.  The seller allegedly flipped the work to an undercover FBI agent for $12 million. A member of the Basquiat property’s since-disbanded authentication committee recognized the work as a pretend, in response to the felony criticism affidavit.

Bouaziz can be accused of getting bought a Roy Lichtenstein print to an secret agent for $25,000. A comparability of the copy with a picture of the unique within the artist’s catalogue raisonné revealed a number of obtrusive variations within the shade schemes.

The authorities grew to become concerned after shoppers of Bouaziz began to demand their funds again, with no success.

“Different victims, who additionally reported issues to Bouaziz in regards to the authenticity of their bought work, each earlier than and after the execution of the gallery search warrants, obtained some reimbursement from Bouaziz,” the criticism mentioned.

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