The early 2010s saw a surprising twist in the world of French antiques when two magnificent chairs, believed to have graced the Palace of Versailles, entered the market. These pieces, rumored to have been crafted for Marie Antoinette, bore the prestigious mark of renowned cabinet maker Nicolas-Quinibert Foliot. Recognizing their value, the French government proclaimed them national treasures in 2013, but when Versailles deemed the asking price too high, they sold to Qatari Prince Mohammed bin Hamad Al Thani for an astonishing €2m (£1.67m).

In the years following, a flood of supposed 18th-century royal furniture emerged, capturing the Palace's attention and leading to its acquisition of numerous pieces. However, the excitement turned to shock when, in 2016, it was revealed that these coveted chairs were all fakes. A lengthy investigation implicated French antiques authority Georges "Bill" Pallot and acclaimed cabinetmaker Bruno Desnoues in a scheme that misled collectors and institutions alike.

Both men, praised for their expertise, had initially started this scam in jest — challenging themselves to replicate a historic chair. However, their casual experiment spiraled into an elaborate deception that resulted in the sale of counterfeit furniture to prominent galleries and auction houses, making an estimated €3m in illicit profit.

The artistry behind their fraud was intricate: Pallot procured low-cost materials, while Desnoues executed timeworn finishes to mimic historical authenticity. They forged stamps from historical furniture creators to seal the deceit. Their operation unraveled when authorities investigated a middleman, leading them to Pallot and Desnoues.

Challenges against art dealer Laurent Kraemer and Galerie Kraemer raised questions about negligence in verifying authenticity. Both denied wrongdoing, asserting that they believed the furniture to be genuine. The ongoing legal proceedings underscore a pressing need for more vigorous regulation in the art trade, and a reminder of the risks embedded in the world of valuable antiques.