Dec 15, 2015
Holocaust art recovery cases are the most compelling cases in fine art law. We cheer for the families who have spent generations trying to recover their priceless treasures systematically stolen by the Nazi regime before and during World War II. On Oct 2015, United States Court Appeals affirmed in favor of Yale University in a case brought against them by a man whose grandfather's Van Gogh was seized by the Bolsheviks as “state property" in 1918. So, apparently not all tyrant art seizures are considered equal. For sure, a potential can of worms exists if we second guess a foreign state’s government conduct towards its citizens. Do we really want to question a government seizure f ...
Nov 23, 2015
Looking for an alternative form of investment? Fine art can bring great rewards, but you need to do your homework and seek advice. When Grace Cossington Smith's modernist painting The Window sold for double its pre-sale estimate at a Sotheby's Australia auction in November 2014, the local art world was aghast.
Nov 20, 2015
As everyone in the art market knows, the day sales are where business gets done. Dealers buy, sell and trade in the room; collectors, well, collect. The secondary market breathes in and out as a greater volume of works at lower price points trades.
Oct 29, 2015
Since the dawn of the web, companies have tried - and mostly failed - to sell fine art online. In 1999, for example, eBay bought Butterfield & Butterfield, one of the largest traditional auction houses, for $260 million, promising to use technology to bring fine art to the masses.
Oct 20, 2015
There's a consensus, though, that the very obstacles to determining authenticity highlighted by Knoedler and Beltracchi are still formidable, because the ways of doing business have changed little, if at all. Consider provenance. If a work can be traced from the current owner back to the artist, it's almost a guarantee of authenticity.
Oct 14, 2015
by Leila Amineddoleh. Since the first lawsuit against the Knoedler Gallery was filed for selling forgeries, the art world has been abuzz with stories of high-end fakes. However, forgeries are not a new phenomenon. The law of supply and demand dictates that there will be no end to the rising value of artworks done by the hands of “masters.” And with soaring market prices, art forgery will proliferate as forgers find incentive in skyrocketing sales. At the heart of forgery disputes is the determination of authenticity. Who makes these determinations? How does the market and legal world handle a battle of experts? Moreover, what remedies are available to disappointed buyers? The bes ...
Oct 13, 2015
The artist Eric Fischl remembers the time a friend waved a catalog at him to alert him that one of his paintings was up for auction for six figures in London. In reality, the work was a fake, but so convincing, Mr. Fischl said, "I thought I was losing my mind."
Oct 02, 2015
Art investors are nearly always advised not to invest in art at all, but to collect it. Buy what you like, the conventional wisdom goes, not what you expect to increase in value. But collectors still must contemplate financial matters, especially related to inheritance, advisers say.
Source : the new york times
Oct 02, 2015
With major art fairs taking place across the globe from Chicago to Istanbul to Shanghai, art enthusiasts, collectors and sophisticated investors alike are questioning whether to acquire works of fine art as investments. And as significant appreciation emerges in some corners of the art market, we see growing interest from clients about incorporating art into their investment portfolios.
Oct 02, 2015
"...An option for serious shoppers is an art adviser, who can guide collectors through the city’s galleries and auction houses. Fee structures vary, but in a common scenario, the adviser will charge a 10% commission while negotiating a trade discount to help defray costs...."
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