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  • Business,  Law

    The UK’s AML Supervisor for the Art Market Is Dishing Out Fines and Government Audits

    22 June 2022 / No Comments

    Last year HMRC revamped and improved its ‘perimeter policing’ process which is used to identify AML-regulated businesses that are trading while unregistered for anti-money laundering supervision. As of the new financial year on 6 April 2022, art market participants (AMPs) that are found to be trading without registration, or late to register, may be fined or prevented from further trading…

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    artandcounsel
  • Culture,  Law

    New Serpentine Galleries Report Reveals Only 44% of Those Involved in Art + Tech/ Science Collaborations Adopt Written Contracts

    30 July 2021 / No Comments

    The fine art industry has experienced a remarkable digital transformation in the last year and a half. At the forefront of this paradigm shift – preceding even the Covid-era – are tech-driven art collectives and projects, with teams composed of artists, programmers, engineers, software developers, data scientists and chemists, to name a few. However, a new report released on July 26 by…

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    artandcounsel
  • Culture,  Law

    Why Artworks Using a Celebrity’s Image Could Be Legally Actionable

    9 June 2021 / No Comments

    A slew of copyright infringement suits in the last two years within the fashion industry have one theme in common: the paparazzi are the ones filing against celebrity’s unauthorized use of images by the copyright-holding photographer. The legal trend has incited celebs to raise broader legal questions on social media, concerning the extent to which they are able to control…

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    artandcounsel
  • Law

    Droit De Suite: The Absence of an Artist’s Resale Royalty in the United States

    8 February 2021 / No Comments

    The story is as old as the art market itself and familiar to anyone who collects art. An emerging artist catches the eye of a reputable collector who, along with other art world insiders, purchases the entire body of work at a relatively inexpensive price. Demand skyrockets, and the collector resells the work a couple of years later at auction…

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    artandcounsel
  • Law

    Last Year’s Legislative U-Turn Is Gradually Eroding UK Art Market Secrecy

    31 January 2021 / No Comments

    In the circus year that was 2020, the UK took front and center on the world stage. This act was one of balance – involving a tightrope Brexit transition while firming the sudden blow of Covid-related business closures. But the final surprise that would serve as a pre-warning to our fellow international onlookers [coughs: U.S.]  was the rather creeping realisation that the art market, as we know it – shrouded in secrecy and money laundering accusations – is becoming more regulated and even more curtailed when it comes to what knowledge can stay highly confidential.  Up until 10 January 2020,…

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    artandcounsel
  • Culture,  Law

    50 Years On: How the ARRTSA Model Continues to Influence Artists’ Rights

    25 January 2021 / No Comments

    In 1971, the brain-child of conceptual art dealer Seth Siegelaub and New York lawyer Robert Projansky revolutionized art purchase transactions. Set against the backdrop of a turbulent 1960’s that mirrors continued inequities today – think: the civil rights movement, women artist’s committees, art worker’s rights – The Artist’s Reserved Rights Transfer and Sale Agreement, also known as ARRTSA; the Siegelaub-Projanksy…

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    artandcounsel
  • Business,  Law

    The UK Has Left the EU – What Does the New Trade Deal Mean for the British Art Market?

    8 January 2021 / No Comments

    As of 1 January 2021, European Union law ceased to apply to the United Kingdom. Since the pair’s acrimonious split in 2016 – with the UK formally packing its bags on 31 January 2020 – the bitter exes have been haggling as to a mutually acceptable trade agreement by the end of the transition period on 31 December 2020. But…

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    Lizzy Vartanian Collier
  • Business,  Culture,  Law

    Blockchain x Art: More Tech Start-Ups Disrupting The Art Market

    8 January 2021 / No Comments

    This piece is the second in a two-part series that explores the potential art-world impact of blockchain. Read Part I to find out what blockchain is, what NFC is and why art market participants should care. LEGAL COMPLIANCE Legal compliance may also incentivize art businesses to utilize blockchain platforms. In a 2019 article titled ‘Fine Art Certificates of Authenticity: Are…

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    artandcounsel
  • Law

    London High Court Deems Buyer Secrecy “Not An Absolute Obligation” in Art Fraud Case

    5 January 2021 / No Comments

    London based art dealers Simon Dickinson Ltd have been sued for refusing to reveal certain classified information in relation to the fraudulent sale of an oil painting. In a ruling on 22nd September 2020, the UK High Court refuted the London-based art dealer’s argument that the art world custom of buyer-seller secrecy precluded them from disclosing information to a court…

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    artandcounsel
  • Business,  Law

    Sotheby’s Motions for Dismissal of New York Attorney General’s Tax Fraud Complaint

    29 December 2020 / No Comments

    Sotheby’s has launched its rebuttal against New York’s Attorney General in the state’s Supreme Court after the NY AG filed a complaint against the auction house for “fraudulent avoidance of sales tax“. The 27-page memo seeks to dismiss the complaint – using a plethora of case law and statute – arguing that NYC AG Letitia James “fails to allege facts…

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    artandcounsel
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LATEST NEWS

  • Jun 22, 2022 The UK’s AML Supervisor for the Art Market Is Dishing Out Fines and Government Audits
  • Jul 30, 2021 New Serpentine Galleries Report Reveals Only 44% of Those Involved in Art + Tech/ Science Collaborations Adopt Written Contracts
  • Jun 09, 2021 Why Artworks Using a Celebrity’s Image Could Be Legally Actionable
  • Apr 28, 2021 Are Contracts The Stepping Stone to Fairer Terms for Artists?
  • Feb 08, 2021 Droit De Suite: The Absence of an Artist’s Resale Royalty in the United States

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TRENDING

  • The UK's AML Supervisor for the Art Market Is Dishing Out Fines and Government Audits
    The UK's AML Supervisor for the Art Market Is Dishing Out Fines and Government Audits
  • New Serpentine Galleries Report Reveals Only 44% of Those Involved in Art + Tech/ Science Collaborations Adopt Written Contracts
    New Serpentine Galleries Report Reveals Only 44% of Those Involved in Art + Tech/ Science Collaborations Adopt Written Contracts
  • Why Artworks Using a Celebrity's Image Could Be Legally Actionable
    Why Artworks Using a Celebrity's Image Could Be Legally Actionable
  • Are Contracts The Stepping Stone to Fairer Terms for Artists?
    Are Contracts The Stepping Stone to Fairer Terms for Artists?
  • Droit De Suite: The Absence of an Artist’s Resale Royalty in the United States
    Droit De Suite: The Absence of an Artist’s Resale Royalty in the United States

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