News & Analysis as of

Art Auctions

Injunction Against Berkshire Museum Sale Is Extended

by Sullivan & Worcester on

The Single Justice of the Massachusetts Appeals Court (Joseph A. Trainor) has extended the injunction against the Berkshire Museum's proposed sale of 40 works of art in its collection until at least January 29, 2018. In its...more

Appeals Court Stays Sale of Berkshire Museum Paintings

by Sullivan & Worcester on

Attorney General’s Motion, Supported by Private Plaintiffs, is Allowed on the Eve of Auction The Massachusetts Appeals Court has stopped the imminent auction of paintings owned by the Berkshire Museum. Late Friday, a single...more

Massachusetts AG Asks Appeals Court to Halt Monday's Berkshire Museum Sale

by Sullivan & Worcester on

The Massachusetts Attorney General has moved the Appeals Court of Massachusetts for an emergency injunction pending appeal of the November 7, 2017 decision denying the motions by the AG, my clients, and others, seeking to...more

Members of Berkshire Museum File Suit Seeking Injunction Against Sale of Art Collection

by Sullivan & Worcester on

Forty Masterpieces of American and European Art Scheduled for Auction - (Boston, MA, October 26, 2017) Sullivan & Worcester LLP has filed a lawsuit on behalf of Berkshire County residents and members of the Berkshire...more

Central District of California Holds That the California Resale Royalty Act Is Preempted by Federal Copyright Law

by BakerHostetler on

As previously discussed on this blog, the validity of the California Resale Royalty Act (the “RRA,” Civil Code Section 986), a 1976 law that requires resellers of fine art to pay a royalty of 5 percent to the artists behind...more

Klimt Foundation Deal with Heirs of Portrait Owner Comes to Fruition at Sotheby’s

by K&L Gates LLP on

Gustav Klimt’s Portrait of Gertrud Loew was sold at auction by Sotheby’s in London last week, for over £24 million (a figure more than £6 million in excess of the upper end of its expected sale price range). Described on the...more

Mum’s the Word: New York’s Highest Court Maintains Anonymity in Auction Sales

In late 2012, we reported on a New York Appellate Division order that sent shockwaves and fear of instability through the auction house world. Late last month, the New York Court Appeals issued its opinion in the case of...more

Caveat Consignor

Auction houses typically do not disclose the identity of the seller on their sales contracts. A recent New York trial court decision may drastically change that longstanding practice. The auction trade is supply-driven....more

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