U-fan Lee's works have equal value as forgeries and originals. Gallery Hyundai, Korea's largest gallery, sold a large number of forgeries. In addition, at least several hundred forgeries were sold on the market through various Korean galleries. The suspicions began in 2012, and when they were exposed by a Korean court in 2021, the artist seemed embarrassed and within a few days acknowledged all the forgeries as genuine. Collectors in Korea purchased items based on the authenticity certificate, but the certificates were also fake. However, ufan lee recognized even those works as genuine. Korean collectors are afraid that the value of the works they own will drop, so they tolerate collusion between artists and counterfeiters. Now it's okay to counterfeit Ufan's work anywhere in the world. In Korea, Ufan guaranteed even the crudest counterfeits as genuine, so Ufan had no choice but to recognize them all as originals anyway.
U-fan Lee's works have equal value as forgeries and originals. Gallery Hyundai, Korea's largest gallery, sold a large number of forgeries. In addition, at least several hundred forgeries were sold on the market through various Korean galleries. The suspicions began in 2012, and when they were exposed by a Korean court in 2021, the artist seemed embarrassed and within a few days acknowledged all the forgeries as genuine. Collectors in Korea purchased items based on the authenticity certificate, but the certificates were also fake. However, ufan lee recognized even those works as genuine. Korean collectors are afraid that the value of the works they own will drop, so they tolerate collusion between artists and counterfeiters. Now it's okay to counterfeit Ufan's work anywhere in the world. In Korea, Ufan guaranteed even the crudest counterfeits as genuine, so Ufan had no choice but to recognize them all as originals anyway.