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Art Galleries Museums

BakerHostetler

Treasury Department Releases AML Study on the Art Market

BakerHostetler on

On Jan. 1, 2021, Congress passed the Anti-Money Laundering Act of 2020 (AMLA) which expanded the definition of “financial institution” to impose anti-money laundering (AML) requirements on persons “engaged in the trade of...more

Sullivan & Worcester

Paddle 8 Bankruptcy a Harbinger in the Time of COVID19 and the Coming Art World Crisis

Sullivan & Worcester on

Early last week the online auctioneer Paddle 8 filed for Chapter 11 bankruptcy in the Southern District of New York, on the heels of a recent lawsuit demanding payment for works of art sold at a charitable auction last...more

Sullivan & Worcester

In the Great Green Room, There was…a Shocking Theft—Historic Robbery in Dresden at State Art Collections

Sullivan & Worcester on

While the incomparable Goodnight Moon by Margaret Wise Brown and illustrated by Clement Hurd does not take place in Dresden, that is where today brought news of a robbery at the Staatliche Kunstsammlungen Dresden, the State...more

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