What’s pushing the hyper-valuation of anything Nazi-related?
First of all, a large part of the demand for stolen Nazi artifacts is due to the demand for all things Nazi, which has led to a glut of fake Nazi goods on the market. (The increasing amount of fakes in the collectors market is why the authentic stuff draws top dollar; the two dynamics drive each other.) “A lot of fake material, ersatz garbage, is coming in from Bulgaria, Poland, the Ukraine and even Pakistan,” Bill Panagopulos, who owns Alexander Historical Auctions in Chesapeake City, Maryland, told Artnet in early November. “Some of it is faked so well that it’s difficult to tell.”