Friday, September 28, 2012

"Potomack is relieved this came to light in a timely manner as we do not want to sell any item without clear title."

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It turns out that a work bought for $7 at a flea market and now believed to be an authentic Renoir may have been stolen from the Baltimore M...

Tell me again about the public trust ("the usual array" edition)

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Carol Vogel's Inside Art column today reports that "when the big November auction catalogs begin arriving in the mail next month, ...

"[T]he news is that it has stayed true to its founder’s intentions and is fulfilling its fiduciary responsibility to optimise assets in support of its charitable purpose"

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Christine Vincent tells us what the Warhol Foundation's art sale tells us about artists' foundations.

Lost, Then Found

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Lots of art law happened while I was busy atoning for my sins this week.  For starters, "star bond fund manager" Jeffrey Grundlach...
Friday, September 21, 2012

"The case has attracted attention in part because of e-mails and other documents that have been made public, revealing frank details of how the painting was offered to a collector" (UPDATED)

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The NYT's Randy Kennedy reports that Jan Cowles's suit against Gagosian Gallery has survived a motion to dismiss.  More later afte...

Copyright Office Seeking Comments on Possible Resale Royalty Law

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" This initial notice of inquiry seeks comments from the public on the means by which visual artists exploit their works under existi...
Wednesday, September 19, 2012

Restitution and Repatriation

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A conference at DePaul Law, October 29.  Details here .
Friday, September 14, 2012

Another one bites the dust (UPDATED)

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Josh Baer reports that the Keith Haring Foundation is disbanding its authentication committee.  This is becoming a trend . UPDATE:  More...

"... with each man claiming the other cheated him out of millions of dollars over art purchases"

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Gagosian v. Perelman .
Thursday, September 13, 2012

"What responsibility ... do institutions have to hold on to donated works and display them?"

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The Evansville Museum's newly-discovered Picasso makes it to the pages of the New York Times.  Patricia Cohen had a story on the front...
Tuesday, September 11, 2012

If it's not the tax exemptions, what is it?

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Speaking of the Warhol Foundation, I thought it was interesting that Juila Halperin's ARTINFO story on last week's big news said ...

Bananas (UPDATED)

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There was a decision in the Warhol Foundation-Velvet Underground lawsuit , but the press reports aren't getting it quite right.  Here...
Friday, September 07, 2012

No Jail Time for Fairey

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Two years' probation and a $25,000 fine .
Thursday, September 06, 2012

"Shepard Fairey should face jail time for destroying documents ..."

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" ... according to the Department of Justice ." Sentencing is tomorrow.

Held in the Public Crust

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World’s First Pizza Museum Opening in Philadelphia .

"The sales will take several years to complete and are expected to garner about $100 million."

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In today's New York Times, Robin Pogrebin reports that the Warhol Foundation will "disperse its entire collection," through a...
Wednesday, September 05, 2012

"It is only a matter of time before disputes over artists’ rights pit Asian artists and art institutions against their American counterparts"

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Sergio Muñoz Sarmiento in ArtAsiaPacific . And relatedly, a happy birthday to Clancco !
Tuesday, September 04, 2012

"Just what will the Evansville museum do with its windfall?"

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" There are no plans ." We still don't know whether the museum's sale of a Picasso is repulsive or to be encouraged .

Online Art Sales

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Monitoring the New York Times, the Art Market Monitor picks out some interesting data points from Patricia Cohen's front-page story ye...
Friday, August 31, 2012

"It’s unclear to me what, exactly, is being licensed."

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Mike Madison on a deal between the Warhol Foundation and Campbell's Soup.