A central Florida art museum that was raided last year by the FBI over an exhibit of what turned out to be forged Jean-Michel Basquiat paintings has sued its former executive director and others, claiming they were part of a scheme to profit from the sale of the fake artwork.

A former Los Angeles auctioneer has agreed to plead guilty in a cross-country art fraud scheme where he created fake artwork and falsely attributed the paintings to artist Jean-Michel Basquiat.

Painters have long been the subject of stage shows — think Mark Rothko, Seurat, Andy Warhol, Jean-Michel Basquiat and Lucian Freud.

Hoping to expand their appeal beyond the slot machine and buffet crowd, some casinos are turning to fine art galleries to bring in new business from customers who might not otherwise visit a gambling hall.

The Orlando Museum of Art has parted ways with its CEO in the days after the FBI raided the Florida museum and seized more than two dozen paintings attributed to artist Jean-Michel Basquiat.

The FBI raided a Florida art museum on Friday and seized more than two dozen paintings attributed to artist Jean-Michel Basquiat following questions about their authenticity.

A former London and Miami art dealer who pleaded guilty to defrauding art buyers and others of over $86 million has been sentenced to seven years in prison.

Andy Warhol’s “Shot Sage Blue Marilyn” has sold for a cool $195 million.

Fine art isn’t just nice to look at.

Japanese billionaire Yusaku Maezawa has returned from space with hopes of new celestial investments.

NEW YORK – Sotheby's helped an art collector dodge millions of dollars in New York sales taxes, the state attorney general said in a lawsuit filed Friday, accusing the prominent auction house of accepting bogus documentation to spare a top client a tax bill. “Sotheby’s violated the law and fleeced New York taxpayers out of millions just to boost its own sales," Attorney General Letitia James, a Democrat, said in a statement. Porsal agreed to pay $10.75 million in taxes, damages and penalties over allegations that it skirted sales tax on more than $50 million in art buys from various entities in New York. Other buyers generally owe New York state and city sales tax on art purchased and delivered in the city. Sales tax on the collector's 2010 Kapoor purchase alone would total over $126,000, according to the lawsuit.

LOS ANGELES A Southern California man who authorities say tried to sell $6 million worth of phony paintings he claimed were created by Andy Warhol, Jean-Michel Basquiat and other modern masters was sentenced Wednesday to five years in federal prison. Philip Righter, 43, of West Hollywood was sentenced in a federal court in Miami after pleading guilty to wire fraud, aggravated identity theft and tax fraud, the U.S. attorney's office said. Righter was given 60 months in prison in a case that was filed in Los Angeles. The judge also handed down a five-year sentence in a Florida case in which Righter acknowledged trying to sell forgeries to the owner of a Miami art gallery. Richter sold the bogus artworks from 2016 through June of 2018, creating phony documents to back up his claims that they were genuine, prosecutors said.