The Big Back Door.
A year inside an auction house: $30 million in consignments, a commission that never came, and money "floated" between consignors.
Open chapterAfter 50 years inside the American collectibles market, appraiser Gary Hendershott breaks ranks. Fakes & Scoundrels documents the forgers, the auction-house games, the laundered provenance, and the collectors who paid millions for lies.
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The question isn't if — it's which one. As Gary Hendershott writes on page one: every collection has a fake or two. It may be one in a hundred — but rest assured, it's there.
A signed Washington document — restored. A Civil War sword — re-hilted in 1987. A coin in a slab — re-graded by a dealer the grader owed money to. A "find" from the Old West — manufactured in a garage outside Tulsa.
The collectibles world runs on trust. Fakes & Scoundrels is the first book to dismantle that trust with names, dates, and exhibits — written by the appraiser who watched it happen.
A year inside an auction house: $30 million in consignments, a commission that never came, and money "floated" between consignors.
Open chapterA $25,000 painting, a false $650,000 appraisal, a $400,000 loan — and a scoundrel who walked away with a cool $1 million.
Open chapterThe highest price ever paid for any collectible was $450 million, for a single Leonardo. Where the money is, the forgers follow.
Open chapterThe 1933 Double Eagle — struck the year gold was banned — sold for nearly $20 million. The rarer the coin, the more reason to fake one.
Open chapterMore "Confederate" relics trade hands each year than the Confederacy ever made. The supply math has never added up.
Open chapterInsurance fraud in collectibles is an easy crime to commit. All you need is a patsy — someone to pin it on.
Open chapter"I sat in those rooms. I shook those hands. I watched the bidding go up, and I watched the appraisals come down. After fifty years, somebody has to put it on paper." Gary Hendershott — Appraiser, Collector, Witness
Long before the book, Gary Hendershott built one of the country's most significant private trades in Americana — personal effects tied to George Washington, Robert E. Lee, and Nathan Bedford Forrest, and working relationships with more than twenty museums.
In 2014 he donated his Amazon tribal art collection to Tulane University. His historical archive gathers the pieces, the provenance, and the research behind a lifetime spent telling the real from the fake.
A Holocaust survivor. More than a hundred rare blue diamonds buried beneath a Ukrainian church. A fifteen-year quest to bring them back into the light.
Richard Friedemann endured three concentration camps marked as prisoner B-4112. Gary Hendershott spent fifteen years documenting his account — a true story of survival, memory, and a fortune hidden across two world wars.