News & Analysis as of

Art

Fox Rothschild LLP

Lower Manhattan Is Infused With A 5Pointz Street Art Vibe

by Fox Rothschild LLP on

In recent art world news, developer Silverstein Properties asked street artists to decorate an empty floor of one of its office buildings at the World Trade Center site in Lower Manhattan a couple years ago. Presently, in...more

Fox Rothschild LLP

Buyer Of Nazi-Tainted Painting Requests Christie’s To Reimburse Him For Purchase Price Paid A Decade Ago

by Fox Rothschild LLP on

In recent art world news, a buyer of a painting recently identified as having been confiscated by the Nazis in 1940 from a Jewish collector in Paris is asking Christie’s to refund the purchase price paid a decade ago for the...more

Sullivan & Worcester

A Step Back from the Brink—Agnes Martin Authentication Board Prevails in Court

by Sullivan & Worcester on

The decision by a New York court last month in favor of the Agnes Martin Catalogue Raisonné (AMCR) in a lawsuit by the Mayor Gallery Ltd in the United Kingdom is the latest in a series of disputes over the practice of...more

Fox Rothschild LLP

Berkshire Museum Falls Short Of $55 Million Goal To Build Endowment And Close Budget Deficit To Ensure Its Future

by Fox Rothschild LLP on

In recent art world news, a Norman Rockwell painting titled “Blacksmith’s Boy—Heel and Toe” (1940) from the Berkshire Museum’s collection sold for $7 million (with buyer’s premium added, the figure is about 8.13 million) to a...more

Fox Rothschild LLP

Painting Displayed For Years At Chicago Convention Center Generates Unexpected Windfall At Sotheby’s Auction

by Fox Rothschild LLP on

In recent art world news, a painting by celebrated African American contemporary artist Kerry James Marshall generated an unexpected windfall for a Chicago municipal agency last week at Sotheby’s in New York. The vibrant...more

Sullivan & Worcester

New Court of Arbitration for Art to Launch in June, Offers Exciting Opportunity for the Art Market

by Sullivan & Worcester on

The recent announcement of the launch of the Court of Arbitration for Art (CAA) is exciting and intriguing news. There is nothing peculiar to the art market or the art world about the existence of disputes—any businessperson...more

Fox Rothschild LLP

Blockchain Certification Arrives In The Worldwide Art Auction Market

by Fox Rothschild LLP on

In recent art world news, Verisart has launched the “P8Pass,” developed in partnership with online auction house Paddle8, to offer blockchain certification and authentication services to the worldwide art marketplace. ...more

Fox Rothschild LLP

Manhattan Art Dealer Admits To Fraud In Multi-Million Dollar Art Fraud Case

by Fox Rothschild LLP on

In recent art world news, a Manhattan art dealer, Ezra Chowaiki, who was accused of defrauding art collectors and dealers around the country last year, has pleaded guilty to one count of wire fraud in the multi-million dollar...more

Fox Rothschild LLP

Coveted Hockney Painting To Be Offered At Sotheby’s May Auction With $20-$30 Million Estimate

by Fox Rothschild LLP on

In recent art world news, a coveted David Hockney oil painting titled Pacific Coast Highway and Santa Monica (1990), featuring a colorful California landscape along the Pacific Ocean, has been added to Sotheby’s upcoming...more

Fox Rothschild LLP

Hiscox Online Art Trade Report 2018 Reveals An Online Art Market Worth An Estimated $4.22 Billion

by Fox Rothschild LLP on

In recent art world news, specialist global fine art insurer Hiscox in partnership with London-based art market research firm ArtTactic has published its sixth annual Hiscox Online Art Trade Report 2018. This latest report...more

Fox Rothschild LLP

Over A Dozen Artworks From Berkshire Museum’s Collection Are Cleared For Sale At Sotheby’s Next Month

by Fox Rothschild LLP on

In recent art world news, and as a follow up to last week’s post on the Art Law blog, with legal hurdles now overcome, over a dozen artworks from the Berkshire Museum’s art collection are set to be offered for sale at auction...more

Fox Rothschild LLP

Massachusetts High Court Approves Sell Off Of Berkshire Museum Artworks Concluding Legal Battle

by Fox Rothschild LLP on

In recent art world news, last week the Berkshire Museum has secured court approval to sell as many as 40 artworks from its collection, including works by Alexander Calder, Albert Bierstadt, Francis Picabia, and Norman...more

Fox Rothschild LLP

Data Analysis Reveals Some Shocking Art Theft Truths

by Fox Rothschild LLP on

Art theft is a major problem all around the world. With an estimated total loss of up to $6 billion, the crime is second only in dollar value to arms dealing, drug trafficking and money laundering. A recent analysis of the...more

Sullivan & Worcester

What About Margarethe Mauthner? Van Gogh Once Owned by Elizabeth Taylor Heads to Auction Again with Scant Mention of its...

by Sullivan & Worcester on

Since the passage in 2016 of the Holocaust Expropriated Art Recovery (HEAR) Act, many commenters (here included) have grappled with what the implications of the law will be on the scope and frequency of future claims. Even as...more

Fox Rothschild LLP

Getty Scientists Complete Analysis Of Treasured Wall Murals In King Tut’s Tomb

by Fox Rothschild LLP on

In recent art world news, for a long time spanning many decades, visitors to the world-renowned tomb of King Tutankhamen (“King Tut”) in Egypt have noticed unsightly brown spots covering the wall murals in the Egyptian...more

Fox Rothschild LLP

Graffiti Artists Request $2.6 Million In Attorneys’ Fees After Last Month’s Victory

by Fox Rothschild LLP on

In recent art world news, following last month’s federal district court ruling that a New York City developer violated the Visual Artists Rights Act (“VARA”) when he demolished well known graffiti space, 5Pointz Aerosol Art...more

Fox Rothschild LLP

Ruling By France’s Highest Court Ends Long-Running Legal Dispute Between Heirs Of Peggy Guggenheim And Guggenheim Foundation

by Fox Rothschild LLP on

In recent art world news, France’s highest court, the Cour de Cassation, issued a ruling on March 7, 2018 that ends the lengthy dispute between the heirs of Peggy Guggenheim’s daughter, Pegeen Vail, and the Solomon R....more

Fox Rothschild LLP

Instagram’s Effect On The Art World

by Fox Rothschild LLP on

In recent art world news, popular social media site Instagram has been having a significant effect on the art world since its launch in 2010. The photo and video sharing app has evolved into the cornerstone of the art world...more

Sullivan & Worcester

Members of the Berkshire Museum Ask Supreme Judicial Court to Stop Berkshire Museum’s Deaccession Plan

by Sullivan & Worcester on

(Boston, MA, February 26, 2018) Sullivan & Worcester LLP clients and Berkshire Museum members James Hatt, Kristin Hatt, and Elizabeth Weinberg filed today a brief with the Supreme Judicial Court of Massachusetts asking the...more

Fox Rothschild LLP

The $110 Million Basquiat And Its Aftermath

by Fox Rothschild LLP on

The ramifications from last May’s sale at Sotheby’s of a Jean-Michel Basquiat painting, for $110 million, continue to reverberate. It made the buyer, Yusaku Maezawa, an art world household name. It led to the current “One...more

Dorsey & Whitney LLP

Developer “Tagged” with $6.75 Million Damages Award for Willfully Destroying Graffiti Art of Recognized Stature

by Dorsey & Whitney LLP on

We previously posted about an advisory jury verdict rendered in the 5Pointz litigation (Cohen et al v. G&M Realty LP et al.), a case involving the whitewashing of the famous exterior aerosol (or “graffiti”) art in the space...more

Fox Rothschild LLP

Auction House Sales In 2017 Signal A Surging Art Market

by Fox Rothschild LLP on

In recent art world news, following strong sales in 2017, the international auction houses are said to be “feeling bullish” once again. Last Friday, Christie’s announced that it had sold about £5.1 billion or $7.3 billion of...more

Sullivan & Worcester

Artist Adriana Varella Demands that the City of Palo Alto Halt its Plans to Remove Her Renowned Work "Digital DNA"

by Sullivan & Worcester on

Sullivan & Worcester LLP has taken action on behalf of its client, artist Adriana Varella, to protect her sculpture Digital DNA from removal and destruction by the City of Palo Alto, California. Digital DNA has stood in the...more

Fox Rothschild LLP

Is Digital Technology Disrupting The Art Market And Providing Transparency?

by Fox Rothschild LLP on

In recent art world news, one may think that the digital revolution has provided some “much-needed transparency” to the art market with the sale of artwork now being bought online as regularly as books and music. However,...more

Sullivan & Worcester

Members of the Berkshire Museum File Appeal Papers to Stop Museum's Planned Sale of 40 Works from its Collection

by Sullivan & Worcester on

(Boston, MA, January 16, 2018) Sullivan & Worcester LLP has filed its papers in the appeal by 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...more

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