March 16, 2012

CNBC's "American Greed" on "Fine Art: Portrait of Fraud -- the story of Kristine Eubanks, Jimmy Mobley and "Fine Art Treasures Gallery" and Certificates of Authentication

By Angela Kumar, ARCA Class of 2011

CNBC’s American Greed aired Fine Art: Portrait of Fraud at 10 p.m. on Wednesday night.   This episode told the story of Los Angeles entrepreneur Kristine Eubanks, owner of Finer Image Editions, who in 1995 used the then-new technology, the glicée printer, to reproduce artworks and sell them to Princess Cruise Lines. Eubanks later launched “Fine Art Treasures Gallery”, a nationally televised auction of “rare” and “authentic” artworks advertised as signed by artists such as Rembrandt, Picasso, Chagall and Dali, all offered at a fraction of their market value. Eubanks along with her husband and auctioneer, Jimmy Mobley, duped thousands of viewers and scored millions on fake artworks.

Los Angeles Police Department's Art Theft Detail Detective Don Hrycyk and the FBI’s Art Crime Team Special Agent Christopher Calarco are interviewed.

A preview of the program, as well as “extras” including videos of Detective Hrycyk speaking about forged Certificates of Authenticity and Special Agent Calarco explaining how the Bureau’s Art Crime Team was created, can be found here.

Additional episodes related to art crime can be found on CNBC’s website and include the following:

Season 1
Two Maxfield Parrish paintings -- worth $4 million -- vanish into the night!
A museum quality art collection worth more than $4 million dollars is stolen!

Season 2
A dark night. A clever plan. $300 million in art is stolen from a Boston museum. Paintings by Rembrandt, Vermeer and Manuet disappear into the night!
Enter the mysterious world of art fraud. An elaborate sting operation exposes Dr. Vilas Likhite....a doctor stripped of his medical license who begins a new career as a con man selling fake art treasures!
He's an art collector, the former chairman of Sotheby's and a convicted felon. Alfred Taubman takes us inside the price-fixing scandal at Christie's and Sotheby's.

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