News & Analysis as of

Art Collections

Members of the Berkshire Museum Appeal Ruling on Planned Sale of Critical Pieces of its Collection

by Sullivan & Worcester on

Sullivan & Worcester LLP has filed an appeal on behalf of its clients, the members of the Berkshire Museum who sued to enjoin the museum’s sale of 40 works of art and sculpture. The appeal is brought as a result of the...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

Yves Saint Laurent Museum Opens In Paris With Counterpart Museum Set To Open Later This Month In Marrakech

by Fox Rothschild LLP on

In recent art world news, two new museums devoted to the late iconic French fashion designer Yves Saint Laurent are opening this month. The first is in Paris, which was the home of Yves Saint Laurent’s fashion empire, and...more

Monet’s Private Art Collecting World

by Fox Rothschild LLP on

Many in the art world may not know (myself included) that the late Impressionist artist Claude Monet was a significant art collector in his lifetime. Monet possessed numerous paintings, including masterpieces, by both his...more

Little-Known $600 Million Collection To Be On Permanent Loan To Museum In Italy

by Fox Rothschild LLP on

In recent art world news, earlier this month the Castello di Rivoli Museum of Contemporary Art of Turin, Italy announced an agreement with the Fondazione Francesco Federico Cerruti per l’Arte to maintain and display the...more

Art Advisors are Not Always Fiduciaries—Lawsuit over Cady Noland "Log Cabin" Dismissed

by Sullivan & Worcester on

The ongoing saga between Yves Bouvier and Dmitri Rybolovlev over Bouvier’s sale to the Russian billionaire of Leonardo’s Salvator Mundi (and a recent preemptive suit by Sotheby’s against the original sellers of the work to...more

Fair Warning: Artwork, Private Foundations, and Self-Dealing

The weekend has ended and Art Basel – Miami 2016 has concluded. To many U.S. taxpayers, it’s just another Monday, but to serious collectors who attended this vibrant art fair focused on contemporary paintings and sculptures,...more

Restitution Claims Resolved in New York and Cologne, New Case Filed Against Germany

by Sullivan & Worcester on

Word came this week of two resolutions of claims to Nazi-looted art in museums in New York and Cologne, and a new Nazi-looted claim against Germany filed in Washington. Barely a month after the Neue Galerie (of Austrian and...more

Use a noncharitable purpose trust to achieve a variety of goals

Generally, trusts must have one or more human beneficiaries, but there’s an exception for certain “purpose” trusts. One popular type of purpose trust is a charitable trust. But don’t overlook the noncharitable purpose (NCP)...more

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