$12 millionasking price for a Basquiat he paid $495 for
A Palm Beach art dealer offered an undercover FBI agent a Basquiat he had bought for $495 for $12 million, as part of a larger deal valued at $22 million.
Daniel Bouaziz also sold reproductions to real buyers as authentic, signed originals for $75,000 to $240,000 each, stamping sales with a fine art appraiser title he invented himself.
Source: USA Art News. Read more: art forgery fraud · case file