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Steve Martin Duped by Fake Art

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Paid $850,000 for fraudulent painting.

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Steve Martin has established himself as a major player in the art world, but his eye isn’t perfect: He paid $850,000 in 2004 for a painting supposedly by the German-Dutch artist Heinrich Campendonk and sold it two years later for $720,000. However, German investigators now believe the painting was produced by a forgery ring they busted earlier this year. Martin says the gallery that sold it to him promised to take responsibility if the painting turned out to be fake.

Read it at New York Post