Dear
Friends,
Good morning. Would you like
Leonardo Da Vinci’s famous portrait, “Mona Lisa” hanging in your living room
for $169? When I read the
“
American art wholesalers pay Chinese
art students $25 to $30 to copy each painting [oil on canvass] and sell them
for $160 or more. How would you like to purchase a Renoir or Monet for less
than $200 instead of millions? Proof is on the Internet, oilpaintings.com
According to the report,
Is this counterfeit art? No, the
paintings are advertised as copies. Would these Chinese copies increase art
awareness in the general public and how would they affect the market value of
the originals, I wondered?
I called J. Lawrence Grim, Jr. a
Perkasie lawyer and the grandson of Walter Emerson Baum, the famous
www.encore-editions.com/impressionists/paimpressionist.htm
Grim used to purchase Baum paintings
for $10 per square inch, a buying system patterned after his late father’s
technique of acquiring oriental rugs that way. But today, Baum paintings are
going for $20 to $30 per square inch.
Missy Saxton is a
What’s the difference between a copy
and forgery, I asked? “It’s all about
intent,” she answered. “If a copy is advertised as an original, that’s forgery.
A collector needs to get expert advice. Remember, Caveat Emptor,” Saxton added,
“Let the buyer beware.”
Jill Karhumaa and Nora Grimison are
sisters and the granddaughters of William Lathrop, the founder of the
“Like other artists, our grandfather
gave paintings away as presents…sold them to pay for family’s needs,” Grimison
began.
“The family’s finances depended upon him selling
paintings and illustrations,” Karhumaa added. Lathrop had no other means of
income.
The granddaughters believe that
Lathrop copies [a Chinese water color is $12] will increase awareness and the
market value of the originals. “He [Lathrop] would be astounded,” they
exclaimed. “Money was not his thing…he was not of the market place.”
It’s a shame that these artists’
value came to light long after their deaths.
Sincerely,
Charles Meredith