Art Law

ArtAssure v. Artmentum case dismissed due to jurisdiction of court

A New York court has dismissed a claim made against Artmentum,  a Swiss art consultancy, by financier ArtAssure (ArtAssure Ltd., LLC v. Artmentum GmbH et al.) The judge said that the case did not fall under the jurisdiction of the court. In June 2013, Artmentum agreed to sell collection of …

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Art Law

Issues of authenticity and ownership when buying and selling art

Good legal advice is vital for protecting yourself when buying or selling art, yet art transactions are often made on trust. Roland Foord, senior partner at law firm Stephenson Harwood LLP, has seen what can happen when that trust proves to be misplaced. “The art world has long been, and …

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Art CrimeArt Law

Due diligence vital when purchasing contemporary art

Most buyers are aware of the need for due diligence when purchasing older works of art but even when buying contemporary art, it is important to take every precaution to ensure the work is not forged or  stolen. That is the view of Celia Lloyd Davidson, London-based art specialist at …

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Art CrimeArt Law

Threat of litigation stifles art authentication

The art market is suffering because a number of major art estates and foundations have dissolved their authentication following repeated litigation disputing their decisions not to authenticate certain pieces of work. That is the view of Robert Darwell, head of law firm Sheppard Mullin’s art law practice. The Andy Warhol …

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Art LawArt RiskOwn art

Regulations boost need for due diligence

An effect of the recession that hit the US in 2007 was that as other assets foundered, a growing number of investors considered turning to visual art. Diana Wierbicki, a US-based art specialist for law firm Withers Worldwide, says that as the appetite for art increases, the art world should …

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Art CrimeArt LawArt Risk

The legalities of art investment: do your homework

Art investors should exercise the same level of caution and attention to detail when negotiating an art purchase that they would put into buying real estate – yet often they fail to put all the necessary safeguards in place.  That is the view of Massimo Sterpi, a specialist in art …

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Art CrimeArt RestitutionNews

Looted Matisse returned to Rosenberg family

The Rosenberg family have had one of the 460 works of art taken from them during Nazi persecution returned to them. The painting ‘Profil Bleu devant la cheminée’ (Woman in Blue in Front of a Fireplace) by Henri Matisse, dated 1937 was stolen along with 162 other works on 5th …

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Art LawBuy art

New regulations give online art buyers 14 days to cool off

Changes to European sales regulations could spell trouble for the UK’s online art market. New regulations to be implemented in June 2014 mean that online auction buyers will have 14 days in which to return their purchases. The current law states that people who purchase goods online have the right …

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