News & Analysis as of

Art Collections

Offit Kurman

Art, Auctions, and Advocacy: A Conversation with Bonnie Brennan

Offit Kurman on

Host Caryn Keppler, a trust and estates attorney with Offit Kurman, welcomes Bonnie Brennan, Chief Executive Officer of Christie’s, for an in-depth conversation exploring the intersection of art, law, collecting, and legacy. ...more

Offit Kurman

The Legal Canvas

Offit Kurman on

Welcome to The Legal Canvas, the podcast where law and creativity intersect. Hosted by Caryn Keppler ( https://www.offitkurman.com/caryn-keppler ), an estates and trusts attorney with extensive experience working with...more

Tarter Krinsky & Drogin LLP

The 2025 HEAR Act Signed into Law

On March 16, 2026, Congress passed an updated version of the Holocaust Expropriated Art Recovery Act (“HEAR Act”), which was signed into law by the President on April 13, 2026. The purpose of the HEAR Act is to aid in the...more

Offit Kurman

Using a Private Foundation to Preserve an Artist’s Legacy

Offit Kurman on

Thoughtful estate planning is essential for artists seeking to ensure the long‑term preservation, management, and presentation of their lifelong work....more

Shook, Hardy & Bacon L.L.P.

Art Basel Miami Beach: An Art Appraiser’s Perspective

One of the art world’s most important events in the United States has recently concluded in Miami Beach, Florida. Running December 3-7, 2025, Art Basel Miami Beach featured 283 galleries from 43 countries, attracting more...more

Hughes Hubbard & Reed LLP

Sompo Holdings Wins on Appeal in Van Gogh “Sunflowers” Dispute

Hughes Hubbard advised Sompo Holdings, owner of one of Vincent van Gogh’s iconic “Sunflowers” paintings (valued at $250 million), in securing a major appellate win. The Seventh Circuit affirmed the dismissal of a lawsuit...more

Offit Kurman

Preserving Culture and Building Legacy with Genice Lee

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In this episode of The Sandwich Generation Survival Guide, host Candace Dellacona welcomes Genice Lee from Harvest Estate and Appraisals. They discuss the importance of legacy, the role of passion assets in preserving family...more

Tarter Krinsky & Drogin LLP

Protecting Art Collections: Lessons from the Louvre Heist

In the wake of the Louvre heist, art collectors are rethinking how to secure and legally protect their collections. Tarter Krinsky & Drogin Art Law Group Chair Leila Amineddoleh explains the importance of key strategies for...more

Blank Rome LLP

What Does the Louvre Art Heist Tell Us About the Permanence – and Impermanence – of Intellectual Property?

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Theft of physical artworks and jewels is a vivid reminder that while creative value can be timeless, its embodiments are not. That contrast frames a core truth about intellectual property (“IP”): its relative permanence rests...more

Shook, Hardy & Bacon L.L.P.

Benin Bronzes Highlight Complexity of Repatriation Decisions

The Museum of Fine Arts, Boston (MFA) recently announced the closure of its Benin Kingdom Gallery and the return of two bronzes from its collection to the emperor of Benin, the Oba, in Nigeria. This decision underscores the...more

Tarter Krinsky & Drogin LLP

Displaced Masterpieces: When Stolen Art Reemerges in Plain Sight

Sadly, victims of art theft are often left without recourse because they simply cannot locate their stolen property. However, sometimes luck has other plans. Stolen Art in a Children’s Movie- Artworks reemerge in the most...more

Warner Norcross + Judd

Navigating Charitable Donations of Art

Warner Norcross + Judd on

To many families and individuals, donating high value artwork to an art-related charitable organization, such as a museum, is a worthwhile legacy strategy as it can offer meaningful philanthropic gratification along with...more

Shook, Hardy & Bacon L.L.P.

Senate Proposes New Anti-Money Laundering Legislation to Regulate Art Market

In July, the U.S. Senate introduced the Art Market Integrity Act (AMIA), legislation that would require art dealers and auction houses to comply with anti-money laundering and counterterrorism financing regulations under the...more

Sheppard

Art as Collateral: The Legal Landscape of Art-Backed Lending

Sheppard on

Fine art was once regarded primarily as a cultural or emotional asset—meant to be displayed, appreciated, and eventually passed down through generations. But as the art market became increasingly sophisticated and intertwined...more

Lowenstein Sandler LLP

Going Once, Going Twice…(but who’s it going to? And what’s it worth?)

Lowenstein Sandler LLP on

Host Warren K. Racusin, Chair of Lowenstein's Trusts & Estates practice, invites Meghan M. Federman and Joanne Mournet, President at DOYLE Auctioneers & Appraisers, to cover how estate planning for art and valuables differs...more

Offit Kurman

Not Properly Insuring a Collection

Offit Kurman on

Accidents happen—whether a piece of artwork or a collectible is damaged in shipping, affected by fire or water or even knocked over by Steve Wynn’s elbow. Having the right insurance in place can help mitigate financial losses...more

Offit Kurman

Adopting the Moving Van Approach

Offit Kurman on

When it comes to estate taxes, the Internal Revenue Service (IRS) expects all tangible personal property to be properly reported on Schedule F of Form 706. This includes any valuable assets such as art collections, antiques,...more

Offit Kurman

The Top 10 Mistakes Made When Planning for Art and Other Collectibles: A Guide for Professionals and Their Clients - Mistake #1

Offit Kurman on

Navigating the tax landscape for art dealers, investors, and collectors can be a complex endeavor, but proper classification is key to maximizing tax savings and avoiding pitfalls....more

Sullivan & Worcester

Allentown Art Museum to Auction Cranach Painting Once Owned by Collector Persecuted in Nazi Germany

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I was proud to advise the Allentown Art Museum, which announced today that it has reached an agreement with the heirs of Henry and Hertha Bromberg concerning Portrait of George, Duke of Saxony by Lucas Cranach the Elder and...more

Sullivan & Worcester

Schiele Drawing Returned to Heirs by Family that Also Fled Nazi Persecution

Sullivan & Worcester on

I attended today’s press conference at District Attorney Alvin Bragg, Jr.’s office in Manhattan at which a drawing by Egon Schiele, Seated Nude Woman, Front View, was transferred to the heirs of Fritz Grünbaum. I represent...more

Flaster Greenberg PC

What To Do If You Inherit Fine Art: Flaster Greenberg

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Inherited art can be sentimental, beautiful, and valuable, but it can sometimes feel overwhelming. Depending on your personal situation, you have several options: you can keep and preserve the artwork, donate it to charity,...more

Sullivan & Worcester

Best Practices for Nazi-Era Art Presented at Special Event in Washington

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I was honored to be among the speakers this week at the United States Holocaust Memorial Museum on March 5, 2024. Convened by the World Jewish Restitution Organization and the U.S. State Department, the event announced the...more

King & Spalding

Beyond the Palette: Issues in art disputes in the English Courts

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Fine art is big business. The three most expensive paintings to have ever been sold – Salvator Mundi by Leonardo da Vinci, Interchange by Willem de Kooning and The Card Players by Paul Cézanne – have an inflation-adjusted...more

Gray Reed

The Fine Print: IRS Examination of Artwork

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Many taxpayers have art collections. However, the art collections of some high-net-worth individuals, family offices, and business taxpayers may draw the unwanted eye of the IRS. With the increased focus on auditing...more

White and Williams LLP

Fine Art Losses – “Canvas” the Subrogation Landscape

If a fire or flood destroys a high-net-worth client’s fine art collection, an insurer who pays out a claim related to the loss has an incentive to pursue subrogation. This article explores some of the issues an insurer should...more

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