Greek Police discovers Art Trafficking Ring selling fake Picasso for €25 million

Thursday, June 12, 2025
Greek Police discovers Art Trafficking Ring selling fake Picasso for €25 million

Thirteen people have been arrested in a major police operation in Athens, after members of an art trafficking ring attempted to sell a forged Pablo Picasso painting for 25 million euros.

The sting, organized by the police’s Department for the Protection of Cultural Heritage and Antiquities, took place at a residence in Elliniko, where undercover officers posed as buyers.

The suspects approached a businessman, claiming to possess an original Picasso depicting a female figure. Acting on intelligence, police staged the operation, arresting the suspects during the meeting. Authorities also thwarted a separate attempted sale involving two fake works attributed to Jackson Pollock, a Monet painting and three religious icons, valued at €100,000.

Subsequent searches at warehouses in Pangrati and Menidi uncovered a vast cache of counterfeit artworks and antiquities. Among the items seized were forged pieces allegedly by Van Gogh, Theophilos, Gaitis and Tsarouchis, over 2,000 ancient coins, religious icons and €66,000 in cash.

A painter previously arrested in 2023 for a similar case is among those in custody. Police also found forged certificates of authenticity, art tools and documents linked to prominent collectors and institutions.

The investigation is ongoing, with charges pending for fraud, forgery and cultural heritage violations.

Main Image: Copyright Greek Police

Stephanie Cime

ArtDependence WhatsApp Group

Get the latest ArtDependence updates directly in WhatsApp by joining the ArtDependence WhatsApp Group by clicking the link or scanning the QR code below

whatsapp-qr

Subscribe to the Newsletter

Image of the Day

Anna Melnykova, "Palace of Labor (palats praci), architector I. Pretro, 1916", shot with analog Canon camera, 35 mm Fuji film in March 2022.

Anna Melnykova, "Palace of Labor (palats praci), architector I. Pretro, 1916", shot with analog Canon camera, 35 mm Fuji film in March 2022.

Search

About ArtDependence

ArtDependence Magazine is an international magazine covering all spheres of contemporary art, as well as modern and classical art.

ArtDependence features the latest art news, highlighting interviews with today’s most influential artists, galleries, curators, collectors, fair directors and individuals at the axis of the arts.

The magazine also covers series of articles and reviews on critical art events, new publications and other foremost happenings in the art world.

If you would like to submit events or editorial content to ArtDependence Magazine, please feel free to reach the magazine via the contact page.