Thursday, March 31, 2016

Messier (UPDATED)

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Counterclaims in the Simchowitz suit mentioned here . UPDATE:   AFC :  "Everyone in this case sounds insane."
Wednesday, March 30, 2016

Is a Popemobile held in the public trust?

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If not, why not? The church is a 501(c)(3) organization, just like museums are.  Does that mean that "we" own all its assets ?  ...

"Replace 'Caspersen' with 'Knoedler' in this @matt_levine column and you have some great art-market analysis"

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Says Felix Salmon .  The column ("Real Investment Adviser Sold Some Fake Investments") is here .
Tuesday, March 29, 2016

"Local activists see it as a precious piece of Chicago’s waterfront, a place of open views and public ownership."

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The New York Times had a piece a couple days ago about the battle over the museum George Lucas wants to build in Chicago, where, amusingly ...
Sunday, March 27, 2016

"The artist whose painting got her dumped by Charles Schwab" (UPDATED)

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Felix Salmon tells the tale. UPDATE:   Guelda Voien has some thoughts.
Monday, March 21, 2016

Yawn

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The NYT's Randy Kennedy reported last week that the National Academy -- "the nation’s oldest continuously operating artists’ socie...

"Sandy-Related Art Damage Suit Against Christie's Is Revived"

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The New York Law Journal [ $ ]:  "The panel cited Kimberly-Clark Corp. v. Lake Erie Warehouse, Div. of Lake Erie Rolling Mill , 49 AD2d...
Thursday, March 17, 2016

Whose art is it?

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Two views of the question, from Kanye West and Richard Prince. Prince's position is currently being tested in the courts.
Tuesday, March 15, 2016

Stolen Bacon

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" The five works were stolen last June although it is unclear why details have not emerged until now ."
Monday, March 14, 2016

"Will report back to you all in a generation to see if my instincts were right."

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Tim Schneider on the Artist Pension Trust, which I mentioned last week : "Personally, I'm torn about this concept. On the one ha...

Disaster averted

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A couple years ago, I mentioned a New York state court decision that "could wreak some serious havoc on the world of authentication li...
Wednesday, March 09, 2016

"If the investigation advances, Bouvier could face fraud charges in the U.S." (UPDATED)

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Bloomberg :  "Federal prosecutors, following the lead of European authorities, have opened an inquiry into one of the art world’s consu...
Tuesday, March 08, 2016

"Since its founding, the trust has evolved significantly."

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"This month it will make its first distributions, rather than wait to make a large payout at the end of a 25-year period as originally ...

Apparently they are held in trust for the public of the city of Bradford only

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Because it's " an appalling act of cultural vandalism " to move a collection of photos to the Victoria & Albert Museum in ...
Tuesday, March 01, 2016

Christie's Suing the Mugrabis (UPDATED 2X)

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For non-payment ($32M) on a Basquiat.  Story here .  Court papers here . UPDATE:  A response from Jose Mugrabi. UPDATE 2:  That was qui...

Art dealer charged with fraud previously tried to sell the Matter Pollocks

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Story here .  Background on the charged dealer here .  Background on the Matter Pollocks here .

"Somehow, the museum version of the 'public trust' doctrine provides that artworks protected by the public trust cannot be sold unless it is convenient."

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"It is telling that the legal scholars who have considered this argument have been ... unsympathetic. And that proponent of the 'pu...
Saturday, February 27, 2016

Motion to Dismiss in Latest Prince Suit

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Brian Boucher has a report here .  Background here . This is an interesting strategic decision.  It's very  hard to win a motion to di...
Friday, February 26, 2016

Settlement in the Met "Suggested Admission" Lawsuit (UPDATED)

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I suggest you read Helen Stoilas's report in The Art Newspaper.  Background here . UPDATE:   More from Randy Kennedy in the Times.  ...
Thursday, February 25, 2016

"The French ruling gives the Pelham side more legal justification to press for the discovery in New York about the terms of the Gagosian sale."

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NYT:   Setback for Picasso’s Daughter in Battle Over Sculpture .  Background here .