Saturday, April 29, 2006

Big in Japan


I just got word that we've sold the hardcover rights to FAKE to a publisher in Japan. I don't think this means I'll be invited over there or interviewed by Japanese journalists, and I may not even have the chance to speak to the Japanese publisher, but looking at 100,000 words I wrote translated into Japanese should be amusing. I'm excited.

If anyone over there is reading, I've available for Suntory commercials.

Tuesday, April 25, 2006

Today is the official release day of my book, and an FBI agent just knocked on my door.


Today, April 25th, is the official release date of my book FAKE: Forgery, Lies, & eBay. I've just emailed everyone I know (and people I barely know, and people I haven't talked to in years), and my website is getting a ton of traffic. I'm excited and cautiously optimistic about it all.

And about twenty minutes ago, in the middle of all this emailing, I received a knock on my door. I turned in my chair and, though the blinds, I could see a man in a suit on my doorstep.

I opened the door and encountered a young, clean-cut guy in a slightly baggy grey pin-striped suit. He wore a bulky college class ring with a huge blue stone. I immediately assumed he was selling something, and thought the product might, more than likely, be Jesus.

But no. He asked if I was Kenneth Walton, flipped out a badge, and introduced himself as a special agent from the FBI.

I'm not making this up.

I was shocked, more than anything else. Too shocked for anything like real terror to grip me. I knew I hadn't done anything in a long time that would warrant a visit from the feds.

But it was still bizarre to face him. It is, this week, exactly six years since I received a phone call from a New York Times reporter informing me that my eBay activities were under investigation by the FBI. Six years since the FBI last visited me at my home and left a business card. And now, on the release date of the book that tells the whole story, another agent knocks on my door and flashes a badge.

Was it the book? I could only assume that was why he was here. What else could it be. But why? FAKE doesn't disclose any government secrets. It doesn't defame the FBI.

Within seconds my questions were answered. The man was here to return a laptop computer the FBI had seized from me during the investigation. I need to come down and sign for its release, or give them permission to destroy it.

I could only smile when I heard this. In early 2001, when I met with the prosecutors to cooperate with their investigation into my eBay shill bidding, the FBI agent at the meeting asked me about my computer, and whether I had any email stored on it. I explained to him that I'd gotten a computer virus that had obliterated all my old email. Although this was true, the FBI agent was skeptical, and told me to go home after the meeting, turn off my computer, and get it to him within 24 hours. And so I did. He assured my attorneys I would have it back in three days, after my hard drive was mirrored.

And now, over five years later, long after the case has been closed, they are returning it. Apparently they've been trying to get in touch with me for months, and lost track of where I lived. They'd almost given up, but the agent at my door had gone the extra mile, checked some public records, and found me.

He couldn't have been more nice about the whole thing, and apologized for knocking on my door unexpectedly. We chatted for a couple of minutes and I told him about the book. He said they also have some paintings in their possession, but told me I will probably never get these back.

When I said the laptop probably wasn't worth much anymore, since it is so old and has, by contemporary standards, a miniscule hard drive, the agent suggested, with a complete lack of irony, that maybe I could sell it on eBay or donate it to charity. Since I've been banned from eBay for life (something he must not have known), I think the first option is out.

This is turning out to be an interesting day.

Monday, April 24, 2006

Sacramento Barnes & Noble

The book seems to be hitting the shelves in most bookstores across the US.

If you live in Sacramento and want to be sure you find a copy, try the Barnes & Noble at 1725 Arden Way, next to Arden Fair. I'm speaking there on May 6th, so they ordered a lot of copies and have it in stock and displayed prominently. You won't have to hunt for it.

Interview with Wired News


I was interviewed yesterday by Jenn Shreve, who's doing a story about FAKE for Wired News. I've been reading Wired for years, so I'm pretty excited about the story. She recorded our conversation and, if all goes as planned, the recording will be used as the Wired daily podcast. Or parts of it, anyway. I'm kind of long-winded, and I realized after I hung up that we'd talked for almost thirty minutes, which is way too long for the Wired daily podcast.

Also, people who ordered FAKE online are starting to receive it, and today I got two messages from readers who'd recently finished the book and said they loved it. It made my day.

Friday, April 21, 2006

Courtenay just surprised me with these . . .



. . . and I'm really excited, because I NEVER get to see David Sedaris. He always sells out. But Courtenay is amazingly skilled at getting good tickets (further evidence: two impossible-to-get sixth-row seats to see Ricky Gervais when we were in London), and she caught me completely by surprise with these. I think I'll take her with me.

New photos

I've posted new photos on the Book Photo Tour page.

Tuesday, April 18, 2006

Things I do that make me wonder if I'm obsessive-compulsive.

I've always been obsessed with statistics. When I sold art on eBay, I kept meticulous records of everything I sold and how much I made. I maintained huge spreadsheets and databases tracking sales and profits when I ran HammerTap.

My latest project, FAKE: Forgery, Lies & eBay, is more difficult to track. After months of effort put into writing and editing the book, which is now finally hitting the shelves of bookstores, I'm finding it impossible to discover how many copies are selling on a daily basis. I'm sure I'll eventually get a royalty break-down from my publisher, but in the meantime, I'm yearning for more immediate statistical gratification.

There is, of course, BookScan, a book sales tracking service from the people who brought us the Nielsen television ratings. But it's very expensive. My publisher gets these reports, but I'm not going to bother them every day for updates.

And so, to give myself some idea of how the book is selling, I do two things:

1. Booksandwriters.com. This service checks amazon.com and barnesandnoble.com sales rank figures and sends me an email message each time they change. These sites rank all the books they are selling, ordering them from best to worst-selling. The best-selling book on amazon.com, for instance, is ranked #1. As I write this, my book is ranked #152,439 on this site, which isn't very good, but this number fluctuates wildly from day-to-day. I was at 40,000 earlier today and if I sell a few more copies on Amazon tonight I will be back in the top 20,000. I hope, after the official release date, when we get some press, to do much better on Amazon. The problem with sales rank is that, while it tells you how the book is selling compared to other books, it doesn't give you much of an idea of how many books are actually selling. And these online sales venues, while they are huge, still account for a relatively small fraction of books sold at retail.

2. Ingram Book Group. As I understand it, this is one of the largest book distributors in the country, a middle-man that ships something like 10% of all books from publishers to retailers. And if you call Ingram at 615-213-6803, you can enter the ISBN for a book and listen to a silky-voiced robot tell you how many of that book the company has in stock and, more importantly, how many copies its retailers have sold. I've heard that you can take an Ingram sales figure, multiply it by ten, and get a rough idea of a book's total sales. I'm not sure if this is accurate, though. One of my publisher's books sold over 80,000 copies, and Ingram reports sales of fewer than 3000. But at this point, this is the best way I have to track day-to-day sales.

And I need a daily fix.

FAKE being sold on eBay

My brother is posting five to-be-autographed copies of FAKE on eBay. I've agreed to sign and dedicate them to the winners. I'm not sure if he'll make a profit on these, but I'm very curious to see how they do.

Monday, April 17, 2006

First bookstore sighting

My brother Matt called me yesterday and told me he'd spotted FAKE at the Barnes & Noble on Sunrise Boulevard in Citrus Heights, outside Sacramento. I was shocked. This was the first I'd heard of an actual copy of FAKE residing on the shelves of an actual bookstore.

Since I wasn't far away, I rushed over to see it. I wish I'd had a camera.

As thrilling as it was to see it on the shelves, though, I was a bit dismayed that the store only had four copies (this is my home town, after all), and the book was tucked away in the "true crime" section, rather than on display up front on the "non-fiction new releases" table.

I hope they'll order more when they learn the story got a lot of local press.

After a few phone calls I learned that it was the only bookstore in town to have it in stock. Apparently a few Barnes & Noble stores have it around the country, but most don't. And no other bookstores I called had it.

So the book is just starting to trickle into brick-and-mortar outlets. It is, apparently, being shipped by most online outlets.

Thursday, April 13, 2006

Interview with USA Today

Today I was surprised by an email from a USA Today reporter who wanted to interview me. A flurry of email messages were exchanged between the reporter, my publicist, and my agent, and within thirty minutes I was on the phone answering questions.

The reporter is writing a story about the fake Picasso drawings that were sold by Costco recently, and is working in other examples of modern-day art fraud. She recounted a story of a gallery that sold fake Modigliani lithographs on late-night television infomercials. And of course, there is eBay, the world's largest market for bogus art. Which led her to me.

We chatted for quite a while, swapping stories about the sorts of high-dollar speculative art purchases buyers are willing to undertake. She was astonished that anyone would spend $40,000 for a piece of art they'd only seen on costco.com. While this is indeed astonishing, based on all that I've seen on eBay, I was not surprised by it. I've witnessed bigger, more foolish risks.

She's not sure if the story will ever make it to print -- it may be a bit too long or a bit too art-related for the readership of USA Today. But I'm keeping my fingers crossed, because it promises to be an interesting read.

Wednesday, April 12, 2006

Amazon now shipping FAKE!

I just discovered that Amazon.com (and several other online stores) are shipping FAKE. This is great for the people who pre-ordered the book, as they should have the it in their hands within the next couple of days, but it puts me in kind of an awkward position when it comes to promoting. My publicist has been trying to wait to make sure publicity about the book doesn't appear until April 25th (the official release date), the day we can be sure it's available in brick-and-mortar bookstores. But now that's it's available online, I want to email everyone I know and tell them. If I know you, you may be hearing from me soon.

Friday, April 07, 2006

I just received my first box of hardcovers.


While I was on the phone with the reporter for the NY Daily News, my doorbell rang. I opened it to find a large cardboard box on my porch. My books!

As strange as this may sound, the first thing I did was flip through the pages and smell. The new book smell is way more viscerally satisfying than the new car smell. Especially if the ink you're smelling is in the shape of words you wrote.

They caught me by surprise. I didn't expect them for several more days. The first thing I did was deliver one to my mother, who was baby sitting my nephew over at my brother's house, a half-mile away.

It's weird to finally have them, almost strangely anti-climactic. I'm excited, but not as excited as I thought I would be. Perhaps it will take a few days to sink in.

Interview with NY Daily News

I was interviewed for nearly an hour today by a New York Daily News reporter. OK, so it's not the Times, but it's still New York, and the paper has a huge circulation. Plus, according to the reporter, the piece has been given 1500 words (huge for a newspaper story), which is more than I could have ever hoped for in the Times. I'm really excited about it.

The story should appear about the time FAKE is officially released, on April 25.

San Francisco bookstore event scheduled.

I scheduled a San Francisco bookstore appearance on Wednesday, May 17. See the appearances page for more details.

FAKE: An introduction

In late 1998 my life was kind of a mess, although you might not have recognized this if you'd met me then. On the surface, everything seemed to be going well. I'd recently graduated from law school and had a decent job. I was in a stable relationship, enjoyed relative material comfort, and had great group of friends I socialized with regularly.

The truth, however, was that I was bored to tears and was living paycheck-to-paycheck. I felt like I'd made the wrong career choice and I didn't see a way out.

Into my life stepped Ken Fetterman, a guy I'd known in the Army and hadn't been able to shake in the intervening years. Fetterman, the product of a difficult childhood spent in Camden, New Jersey, had somehow (after finishing a stint in military prison for possession of LSD) become a dealer of high-priced fine art. Entirely self-taught, he possessed an encyclopedic knowledge of art and earned a six-figure income peddling antique paintings.

I was baffled by Fetterman's career path and, to be honest, somewhat impressed by what he'd made of himself, but I never thought his art trading was was anything I could ever get involved with. Until he showed me his eBay auctions, that is. In 1998 he'd begun selling art on eBay, and what he was doing looked easy, not to mention lucrative.

So I decided to try it, and on my first batch of paintings (which Fetterman dismissed as crap), I earned over $1000 in profit. I was hooked. I began spending my weekends trolling thrift stores and antique shops looking for art I could resell.

Fetterman, noticing my eagerness, began allowing me to sell some of his huge inventory of paintings in exchange for a share of the profits. Most of them were ordinary, and brought in a typical sum of one or two hundred dollars.

But some of them brought in shocking amounts. $1300 for a small pastel drawing of geometric shapes? What gives?

I quickly learned that buyers were looking at the signatures on the paintings and making assumptions about the artists who painted them, sometimes assuming a piece was by a particular artist even if I hadn't claimed it was. In fact, if the buyers spotted a signature they thought looked familiar, and thought I didn't know what it was, they went nuts, and got into a bidding war in the hopes of "stealing" a painting whose true value I did not know.

It didn't take long for Fetterman to spot this phenomenon and use me to exploit it. After awhile, I realized he was probably tampering with paintings, and in some cases adding signatures, and letting me, the "naive" seller, put them up on eBay.

When I caught onto this, however, it was too late. I was making thousands of dollars a month and already thinking about quitting my day job. I told myself that if I wasn't actually lying about the paintings, I wasn't doing anything wrong. I was just letting buyers make their own conclusions. Caveat emptor.

Indeed.

The stakes grew larger, and eventually, I was in so deep I lost any sense of right and wrong when it came to eBay. Which led me to do one of the most profoundly reckless and stupid things I've ever done.

In early 2000 I forged the signature of Richard Diebenkorn onto an early-1950s painting that resembled his work. I posted the painting on eBay and played dumb about it, doing my best to convince potential buyers that I was a hapless rube who'd unknowingly stumbled across a masterpiece.

It was a shameless ruse and it worked. The painting auctioned for $135,858. It caught the attention of the New York Times, which ran the story on its front page, as well as other newspapers, magazines, and television stations around the world.

Within a few days the world discovered that I was not a hapless rube, but an experienced eBay seller with a trail of unhappy customers. When eBay learned I'd bid on the painting myself (something Fetterman and I did all the time), it kicked me off its site.

Then the FBI took notice, and started laying the groundwork for the world's first federal prosecution based on "shill bidding" on eBay.

I cooperated with the investigation and pled guilty, agreeing to testify against Fetterman in exchange for a lenient sentence. Fetterman, on the other hand, went on the lam, and it took the feds over 3 years to catch up with him.

Meanwhile, stripped of my legal career, I began learning to program computers. Unable to find a job because of my notorious recent past, I started my own software company, HammerTap. Ironically, we made tools for eBay users, and developed the first eBay market research tool.

Within a couple of years I had 5 employees and robust sales, and this is when eBay discovered I was the wizard behind the HammerTap curtain. They threatened to sue me if I didn't sell the company.

Faced with no other option, I sold HammerTap and moved on. The feds finally caught Fetterman and sentenced me to probation in 2004, which was when I began work on FAKE, the book that tells the story of everything you've read in this post so far (in much greater detail, of course).

I decided to write FAKE for personal reasons, really. It was a chance for me, several years down the road, to sort through all that had happened and finally put things in perspective. Writing was a cathartic process, and was often unpleasant, but has succeeded in pushing me further down the path of coming to terms with what I did.

I wanted FAKE to be more than a tawdry tell-all. I wanted it, on some level, to have enduring literary merit, and this is what I strove for as I wrote. It was my one chance to write and publish a book, and I wanted to make the most of it.

This ambition was a source of great frustration because the writing I like best is characterized by rich, masterfully wrought prose, and I am not, despite my best efforts, an artful prose stylist. I do not write the sorts of beautiful, finely hewn sentences that make other writers sigh with envy. Not very often, anyway. I write simply and clearly. I write conversationally. My writing, while easy to read, is not poetic.

But when I let go of the notion of becoming the next William Vollmann, I realized that I do have my strengths. I have a strong, rhythmic, storytelling voice. My narrative flows and keeps the reader reading, and I have a good ear for dialog.

And, most importantly, I had a good story to tell.

I hope I've done it justice. I've gotten very good feedback from people who've read the story -- friends and strangers alike -- who've said it was "engrossing," and told me they couldn't stop reading it. If this indicates some sort of literary merit, so be it. I still can't read a paragraph without finding something I wished I'd changed ("why didn't I join those two sentences?"), but I'm nevertheless satisfied with the outcome.

I hope you like it too.