Know the Deal. Episode 12

Carl David is a third-generation fine art dealer and the director of David David Gallery, the family business founded in Philadelphia in 1910 and now in its fourth generation. Working from Rittenhouse Square and from Provident Fine Art in Palm Beach, the gallery specializes in American and European paintings from the 17th to the 21st century, with clients ranging from private collectors to major museums. David is a member of the Appraisers Association of America and the Art and Antique Dealers League of America, and the author of several books, including Collecting and Care of Fine Art. He joins Katya Fisher and John Lindsey to talk about what actually sets the price of a painting, how dealers protect themselves from fakes and forged provenances, and why one mistake can end a reputation. They also cover how a deal gets done, the daisy chains that inflate prices, and what the art market has gained and lost as it has become more commercial.