Larry Salander filed for personal bankruptcy protection today.
UPDATE: More from James Barron in this morning's New York Times. (Apparently the filing was Friday, not, as I indicated above, yesterday.)
UPDATE 2: The New York Sun had a page one story today headed "Salander Case May Change the Art Market," though it's short on details on how it might change things. The only specific idea that's mentioned is a title registry (similar to the ones in place for cars and real estate), but, while that makes some sense in theory, the practical problems seem to me pretty insurmountable (what to do, for example, about the many many works already out there in circulation?). Some interesting ideas were batted around over at Artworld Salon a couple weeks ago (including in the comments).
