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explain It is conceivable that the Knoedler Gallery was unaware of the counterfeit nature of the Pollock artwork being sold. The prices of these artworks
explain It is conceivable that the Knoedler Gallery was unaware of the counterfeit nature of the Pollock artwork being sold. The prices of these artworks exhibit volatility and variability. A profit was generated from the endeavor, and it is possible for numerous artworks to exceed their intended value. The reliability of data in determining the price of a Pollock painting is limited due to significant variations observed among different instances, with prices ranging from thousands to millions of dollars. The data indicates that there exist disparities between the perspectives of experts and buyers regarding the pricing of artworks. Certain items were sold for prices exceeding the auction value, while others were sold for prices below the auction value. A private gallery has the potential to command higher prices due to its exclusive nature. The collection may consist of high-profile artwork valued in the millions, as opposed to artworks with lower valuations in the thousands
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