A Tragic Fate - Law and Ethics in the Battle Over Nazi Looted Art

A Tragic Fate - Law and Ethics in the Battle Over Nazi Looted Art

(Boston, MA June, 2017) Disputes over fine art looted by the Nazis have received renewed attention the past twenty-five years.  While some of those disputes have been resolved through negotiations, many others have ended up in court. In a new book published by Ankerwycke Books, A Tragic Fate—Law and Ethics in the Battle Over Nazi-Looted Art, author Nicholas M. O’Donnell provides the first comprehensive study of the legal battles in the United States over art stolen in Europe before and during World War II. 

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Managing Relationships Chapter 1.1: The Lemons Problem

Managing Relationships Chapter 1.1: The Lemons Problem

Congratulations on your new adventure! Collecting art is fun and exciting. I have no doubt that you’ll find your journey in the art world very rewarding. Before you start touring the art fairs and galleries, however, I’d like to provide you with some practical pointers on how to find your way around.

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Available Now - Managing relationships in the art market (Ebook) by Annelien Bruins

Available Now - Managing relationships in the art market (Ebook) by Annelien Bruins

"I often receive questions from aspiring art advisors on the best way to handle the relationship with their clients. Topics include how to charge and how to manage expectations. New art collectors ask me questions along the same lines. ‘What value does an art advisor bring to the table?’ and ‘What questions should I ask an advisor before hiring them?’. I decided to write this Ebook in response: discussing the relationship between art advisors and collectors from both perspectives."

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Hamptons: Going to Market Art + Design in July?

Hamptons: Going to Market Art + Design in July?

Market Art + Design returns to the center of Bridgehampton this July 6th through 9th for its seventh edition, with compelling presentations of modern and contemporary art enhanced by a striking design component pulling from dealers and designers from around the world.

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The Care of Prints and Drawings

The Care of Prints and Drawings

The 2nd edition of The Care of Prints and Drawings provides practical, straightforward advice to those responsible for the preservation of works on paper, ranging from curators, facility managers, conservators, registrars, collection care specialists, private collectors, artists, or students of museum studies, visual arts, art history, or conservation.

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Art jargon explained: provenance

Art jargon explained: provenance

Provenance is an important concept in the art market. It relates to the ownership history of an artwork. In addition to examining clues in the actual artwork, such as brushstrokes or the signature, the documentation describing its ownership history can help art experts to determine whether the work is authentic or not.

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How investors can get the most value out of their art investments

How investors can get the most value out of their art investments

Family offices and (U)HNWI’s may consider investing in works of art to diversify their portfolio’s or to use their art collections as a financial tool (i.e. as collateral for a loan). If you are a family office about to dip your toe in the art market there are two things you need to keep in mind. Firstly, don’t underestimate the unusual characteristics of the art market. Secondly, in order to navigate the market successfully, you’ll need to set clear expectations with your art advisors.

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International investors are still interested in London property

International investors are still interested in London property

The upper end of the London housing market has seen sales drop in the past two and a half years. The lethargy started when the government introduced reforms to the current stamp duty (a tax when homes are sold in the UK) calculations in December 2014.  That meant that homes priced above £937,500 would incur higher tax costs at the time of sale. Add to that the vote to leave the EU on 23rd June 2016 and London’s housing market has experienced a low volume in sales.

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From the Art Law Report: Art Advisors and Duty of Loyalty in Focus Again Over Sale of Basquiat

From the Art Law Report: Art Advisors and Duty of Loyalty in Focus Again Over Sale of Basquiat

We reviewed in December an important decision that addressed the duties of loyalty that art advisors may, or may not, owe to their clients in dealing in the art market.  That question—of to what extent advisors and consultants must subordinate their interests entirely to the clien—is of obvious importance in a marketplace where buyer and seller often do not interact with each other.  Whereas December’s news about the sale of Cady Noland’s Log Cabin was a reminder that advisors are not necessarily fiduciaries, this month’s decision about the sale of a Basquiat painting underscores that where a fiduciary relationship exists, the penalties for straying from those obligations can be severe.

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The Reality of Handling an Art Portfolio for Growth

The Reality of Handling an Art Portfolio for Growth

Art is now firmly established as an asset class, albeit a non-traditional one. High-net-worth (HNW) collectors buy art and collectibles (antiques, jewelry, classic cars) for enjoyment but with a strong secondary motive: They hope that their collection will prove to be a store of value and ideally even appreciate over time. Additionally, collectors increasingly use their art as a financial tool, for example as collateral for a loan. As a result, most private banks now offer art loans, either in-house or through third-party boutique lenders.

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How to assess contemporary art

How to assess contemporary art

As a budding collector the choice of artworks available to you at galleries and art fairs is overwhelming. Paintings, sculptures, multi-media work, limited editions, you name it. Here are a couple of tips from our art advisors to get you to start looking at art like a pro. This is not an exhaustive list so you if need more help give us a call.

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Ethics in the art market: an opportunity

Ethics in the art market: an opportunity

The art market is unregulated in many ways. Art advisors, dealers and galleries don’t need certificates or licenses to operate. At the same time, forgeries, conflicts of interest and undisclosed commissions are a concern for collectors, understandably so. Increased regulation is often suggested as a means to make the market more transparent and professional. Maybe.

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Excerpt from 'How to be a great art advisor'

"Whether art advisory is your first career or your second, looking at art as much and as often as you can is of paramount importance. You need to develop ‘your eye’. Being able to walk into a room and distinguish the great from the not so great art, even within the oeuvre of one artist, and being able to articulate why, will be your most valuable asset."

 

 

'How to be a great art advisor' written by Annelien Bruins, will be published on Amazon soon! In the meantime, if you'd like to learn more about art, click on the image to the left to download 'Art the New Asset Class' free of charge.