eBay Online Fraud Nets $5 million

As with Costco, eBay was recently used to defraud art collectors of over $5 million dollars by selling them sophisticated fake works by Warhol, Chagall, Miro and Picasso. In NPR’s Weekend Edition, Liane Hansen interviews a member of the FBI’s art crime team and an art dealer about how fakes are distinguished from authentic works of art as well as how the internet has affected the art market. At any one time, eBay has over 110 million items on sale.