How art dealers dupe rich people into paying much more

New York Post | Michael Kaplan:

If you were strolling through a thrift store and saw a hokey statue of two Yorkshire terrier dogs, you’d probably laugh at the thing and spend a few bucks on it for your pooch-loving grandma. But Princess Gloria von Thurn und Taxis, a hard-partying royal, laughed all the way to the bank when she unloaded just such a puppy sculpture for $550,000 in 2005… Read more

Image: Jeff Koons’ “Yorkshire Terriers” sold for two very different prices in 2000 and in 2005.Photo: AFP/Getty Images