Collectors are using documents produced by artificial intelligence to “prove” artworks’ authenticity and ownership when obtaining valuations or making insurance claims, according to industry figures.
“Chatbots and LLMs [large language models] are helping fraudsters convincingly forge sales invoices, valuations, provenance documents and certificates of authenticity,” said Olivia Eccleston, a fine art insurance broker at Marsh.
The trend has “added a new dimension to an age-old problem of fakes and fraud in the art market”, she said.
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