In the city of Livorno, there was a canal which artist Amedeo Modiglian was rumored to have dumped a few of his sculptures in 1909. In 1989, the city spent $35,000 on the project and eventually came up with three sculpted heads. The heads were appraised by experts and concluded as legit giving them a 1.5 million dollar value.
Unfortunately for the city, a few days later the truth came out. One of the heads was actually made by three university students with a screwdriver and a drill (with video documentation of the work), and the other two made my another former art student Angelo Froglia. Their reasons for doing this, they said: “to reveal the false values of art critics and the mass media.”