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But it needs to be nipped in the bud, he clarifies. Ashish Anand, director of Delhi Art Gallery, has also issued a statement saying it is high time a regulatory body was created for the regulation of the art industry in the wake of recent concerns regarding the trafficking of allegedly fake works by members of the art fraternity.
Bid & Hammer, which refused to comment for this article on the grounds that legal notices had been sent to those challenging the authenticity of the art works it was to auction, has posted a statement on the website alleging that "Ashish Anand & Company" were trying to prevent their auction. According to an Indian Express report, several of the 86 lots were unsold.
Nish Bhutani, COO of auction house Saffronart, which has been in the business for over 14 years, says ensuring authenticity is the most important activity they undertake.
The documentary evidence we inspect includes invoices and authenticity certificates from the artist or a respected gallery, dealer or auction house, publishing and exhibition history of the work, photographs and letters from the artist, as well as in-person and detailed inspection by our in-house experts.
He adds that Saffronart has built up an internal digital and physical archive that has a record of every auction sale of Indian art across all auction houses globally, as well as virtually every publication related to Indian art.
The auction house's experts then cross-check images and documents against this archive and by communicating with the relevant gallery or dealer.
Parimoo, however, says the entire process needs to be overhauled as many galleries, dealers and auction houses are interested only in authentication as a procedure and not in the authenticity of the work itself.
How can you believe a certification of authenticity, even by me? Abroad, there are lab tests, old dossiers and records. We need to adopt scientific methods in India, if you are serious about authentication.