Daily Dispatch


January 13TH 2022
Image: via Selfridges
  1. Full Customs Controls start on 1 January 2022 in UK – HMRC are urging businesses to prepare for customs changes that come into effect on 1 January 2022 – Read more on gov.uk
  2. Sotheby’s Reportedly Selects Goldman Sachs Group and Morgan Stanley to pursue IPO at around $5bn – The auction house, which had been publicly traded for decades before being bought by Patrick Drahi for $3.7bn in 2019, could return to public trading later this year – Read more on The Art Newspaper
  3. What Retailers Selling NFTs Must Know About Legal Regimes – Read more on Law360
  4. Barbara Kruger Asks Justices To Mull Warhol Fair Use Ruling – In a 34-page amicus brief filed on Monday, Kruger and art scholar Robert Storr backed the Andy Warhol Foundation’s petition to review the Second Circuit’s March ruling that a series of Warhol prints infringed Lynn Goldsmith’s copyrighted photo of Prince – Read more on Law360
  5. Selfridges Is The World’s First Retailer To Sell ‘Over-The-Counter’ NFTs – Selfridges is set to be the first retailer in the world to debut fixed-priced, “over-the-counter” NFTs, according to reports by fashion and retail trade publications. Proceeds made from the physical and NFT sales will go to the Fondation Vasarely Museum – Read more on Design Taxi
  6. Georgia O’Keeffe Painting Damaged By Tarantula Goes On Show After Restoration – Things were looking rosy until a tarantula tunneled through the roof at her 18th-century Abiquiú house and apparently caused a leak, bringing water damage to the art – Read more on Design Taxi


January 10th 2022
Image: the Sandbox Metaverse (via Surface)

 

  1. Artchives: Singapore Artists’ New Rights – Automatic copyright ownership, greater access to past material and new attribution rights are some of the significant changes that the Singapore arts community can expect by the end of 2021. These will form part of a new omnibus Copyright Act, prepared after a comprehensive five-year consultation process with private and public stakeholders – Read more on Art and Market
  2. A Court Dismissed the Lawsuit Against Nirvana Brought by the Former Baby Who Appeared on the ‘Nevermind’ Cover – A lawsuit against Nirvana brought by the 30-year-old man who appeared as a nude infant on the cover of the band’s seminal album Nevermind has been dismissed by a U.S. district court judge – Read more on Artnet News
  3. A Swiss Museum Will Relinquish Ownership of 29 Works From Gurlitt Trove – The vast collection, which includes pieces by Max Beckmann, Henri Matisse, and Pablo Picasso, was originally amassed by a German dealer in Nazi-looted art – Read more on Hyperallergic
  4. A Former Sotheby’s Accountant Claims He Was Denied Employee Benefits – The lawsuit alleges that Sotheby’s denied full time employees their benefits by misidentifying them as freelancers; additionally, Fenwick’s is claiming that Sotheby’s didn’t pay him in a timely manner and that the auction house violated the Freelance Isn’t Free Act – Read more on Observer
  5. The Buyer of This Mansion Will Also Get One in the Metaverse – ONE Sotheby’s International Realty and Voxel Architects are building a mansion in Miami that will also come with a mirror-image property in the metaverse – Read more on Surface Mag
  6. Auction houses to ride the boom in 2022 – How long can the boom in the soaring art market last? Experts are willing to bet on at least another six months as asset appreciation, tech-sector wealth creation and Covid-related stimuli tick over into 2022 – Read more on FT


January 6th 2022
Image: Pulp Fiction (1994)
  1. Quentin Tarantino Plans to Sell ‘Pulp Fiction’ NFTs, Defying a Miramax Suit – Tarantino’s latest plans to sell the NFTs this month could prompt Miramax to demand an emergency block of the auctions until the legal issues are resolved – Read more on NY Times
  2. A Banksy-Themed Nightclub Is Raging in Mazatlan – Opened in 2021 by Grupo Marea, the hospitality group behind local destination restaurant La Marea, Banksy Social Club is festooned with art-themed gimmicks. La Marea describes [it] as “an eclectic homage to rebellious art” and “art in all of its expressions, with references to various trends and artists from a diversity of genres” but ventures into the tricky territory of appropriation – Read more on Surface Mag
  3. The First NFT Billionaires: OpenSea Founders Each Worth Billions After New Fundraising – The NFT craze has minted its first billionaires. With estimated 18.5% stakes in OpenSea, cofounders Devin Finzer and Alex Atallah are each worth about $2.2 billion, Forbes estimates – Read more on Forbes
  4. What are NFTs and What Does It Mean to Own One? – If you’re confused as to what the hell NFTs are, particularly art NFTs, here’s a new article by Alfred Steiner that pretty much walks you through and safely out of the NFT hell – Read the paper on SSRN
  5. What Collectors Need to Know About Art Shipping – “Insurance policies have exclusions around art transport or coverage of art when it’s not in the home,” said Blechman. “If a buyer is relying on their own policy to mitigate risk while artwork is in transit, it is important to understand if a work is covered and under what circumstances.” – Read more on Artsy
  6. Germany’s Green Vault Museum Jewellery Heist; Six on Trial – A court date has been scheduled for the six German nationals implicated in the daring Green Vault Museum heist, where more than 100 pieces of ‘priceless’ jewellery – including diamonds, pearls and rubies from Dresden Castle in Saxony – were stolen in November 2019 – Read more on Jeweller


January 3rd 2022
Image: Stolen Bored Ape NFT
  1. 10 Museums We Look Forward to in 2022 – A fresh crop of cultural destinations should be available to visit next year, from long-awaited national institutes in Norway to a museum celebrating the Korean-American diaspora in Los Angeles to an AI institute in Seoul – Read more on The Spaces
  2. 15 Most Innovative NFT Artists of 2021 – Damien Hirt, Hackatao, Fewocious, Justin Aversano and ofcourse Beeple make the list – Read more on Decrypt
  3. ‘Pulp Fiction’ NFT Lawsuit Presents New IP Battleground – Miramax also brings claims for copyright infringement, trademark infringement and unfair competition. Beyond the famous parties involved, Miramax v. Tarantino is notable because it marks the first opportunity for a federal court to opine on intellectual property rights in the NFT context – Read more on Alston & Bird
  4. Inside the Legal Thicket Ensnaring Purdue Pharma and the Sacklers – This legal episode, you’ll notice, implicates Purdue Pharma and its employees but none of the Sacklers themselves – Read more on the Observer
  5. 7 Questions You Have About the Manhattan DA’s Agreement with “A New York Antiquities Collector” – In his final days as Manhattan’s district attorney, Cyrus Vance, Jr. stirred the cultural property world with the announcement of a controversial immunity deal between his office and New York hedge fund giant and philanthropist, Michael H. Steinhardt – Read more on Cultural Heritage Lawyer
  6. Stolen Bored Apes Worth $1.9M ‘Frozen’ by NFT Marketplace OpenSea – Todd Kramer, who runs the Ross+Kramer art gallery in New York, tweeted that he had clicked on a link that appeared to be a genuine NFT dapp (decentralized application). But it turned out to be a phishing attack – Read more on Decrypt
  7. Artists Say Plagiarized NFTs Are Plaguing Their Community – Many artists say their work was initially seized from DeviantArt, a popular online art community. Because transactions on the blockchain are inherently anonymous, “OpenSea has no way to track down scammers to collect damages on behalf of a victim” says one group – read more on Hyperallergic


DecemBER 24th 2021

 

 
Image: Art Installation via Unsplash
  1. Reality Kicks in as HMRC Launches Art Market ‘Interventions’ – AMPs that are seen to have a higher risk profile should expect more frequent and intense supervision. Interventions may be desk-based (conducted by phone and in writing) or face-to-face or both; desk-based interventions may lead to an on-site visit where it becomes apparent that a more in depth investigation is required – Read more on Rtalwar Compliance
  2. French Billionaire Drahi Weighs IPO of Sotheby’s Auction HouseDrahi has held preliminary discussions with potential advisers about a U.S. listing of Sotheby’s as soon as next year, the people said, asking not to be identified because the information is private – Read more on Bloomberg
  3. TeamLab Wins Its Lawsuit Against a Chinese Company That Replicated One of the Collective’s Immersive Art Experiences – Setting an important precedent for the copyright of experiential art in China, the immersive art sensation teamLab has won a lawsuit against a company that imitated one of the group’s signature light shows – Read more on Artnet
  4. The Vatican Faces a Copyright Infringement Lawsuit – Street artist Alessia Babrow has sued the Vatican, alleging that the Philatelic and Numismatic Office of the Vatican City State copied her artwork without her permission and reprinted it as a stamp – Read more on Art Law Perspectives
  5. Andy Warhol Foundation Petitions US Supreme Court to Review Ruling Over Prince Portrait – This escalation marks a new turn in a dramatic series of court proceedings, the outcome of which could affect artists who depend on appropriation for their work, from Richard Prince and Jeff Koons to emerging artists whose practices involve found imagery and materials – Read more on The Art Newspaper

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