Thursday, June 30, 2016

"Unauthorized Peter Beard Exhibit Will Go Forward"

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Reports the Observer.  It's hard to tell what the hell is going on from the story.
Wednesday, June 29, 2016

"As far as I’m concerned, it has nothing to do with copyright."

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"A work of art goes out there, and there’s a stream that activates and widens the communal imagination. It was an honor that I was bein...

"The artists have received payments between $200 to $1,700."

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Back from a break and catching up on the news, I see that, after "a successful sales pilot," the Artist Pension Trust has made its...
Wednesday, June 15, 2016

Details on the Picasso bust settlement

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From Robin Pogrebin here .  Background here .
Friday, June 10, 2016

"Artists cannot claim deductions on the artworks they donate, no matter the market value or hammer price commanded by their work."

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"All they can write off is the cost of materials. Buyers, on the other hand, can claim a deduction when the work they purchase at a ben...

"The new approach reduces the risk that Sotheby’s ends up with too much artwork in its inventory -- a concern particularly in a slowing market." (UPDATED 2X)

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Bloomberg reports that the auction houses are now paying fixed fees to third-party guarantors. The Art Market Monitor calls the story  ...
Thursday, June 09, 2016

Apply Yourself

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An interesting Ninth Circuit VARA decision that turns into a debate about the meaning of "applied art" (because applied art is an...
Tuesday, June 07, 2016

Another Richard Prince lawsuit (UPDATED 3X)

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Via Clancco . UPDATE:  " If the offending work is that on page 8, plaintiff will have a hard time ." UPDATE 2:   Here is Eile...
Friday, June 03, 2016

Taxing

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Daniel Grant had a piece in the Weekly Standard a week or two ago arguing, generally, that "philanthropy is not a tax proposition...

"There’s just not as much financial incentive to sue me. There’s a difference between suing an estate worth hundreds of millions and suing an individual." (UPDATED)

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Jori Finkel interviews Richard Polsky about his new authentication service , which is now expanded to include Haring and Basquiat. UPDATE...

Update on the private museums question (UPDATED)

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The Art Newspaper's Julia Halperin got her hands on a summary of the report the Senate Finance Committee recently submitted to the IRS ...
Monday, May 30, 2016

BREAKING NEWS: Some art is held in storage (UPDATED)

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The New York Times is on it . Something must be done! UPDATE:  The Art Market Monitor:  " Taken together, the stories betray a leve...
Saturday, May 28, 2016

Extradition Request in Knoedler Case Denied (UPDATED)

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Glafira Rosales's boyfriend.   Health reasons . UPDATE:  More here from Eileen Kinsella at artnet.

"You can’t copyright an idea." (UPDATED)

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Lit pigeons edition . UPDATE:  Once again, a dissenting view from Sergio Muñoz Sarmiento:  "This isn’t so much about copyright as it...
Wednesday, May 25, 2016

"What I found was an art world that is this closed, secretive world."

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Barbara Pollack profiles Meridith Savona and the FBI's Art Crime Team.

60 Minutes did a thing on the Knoedler case this weekend

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You can see it here .  Features appearances by friends of the blog (and Advanced Topics in Art Law guest speakers)  Jack Flam , Greg Claric...
Monday, May 23, 2016

"That magic trick illustrates the fundamental absurdity of treating contemporary art as an investment vehicle." (UPDATED 3X)

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"In one simple statement, the creator took these 'assets'––ostensibly worth thousands of dollars each––and rendered them worthl...

So This Is Chrismas

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" The outlook for Douglas Chrismas, the founder of one of Los Angeles’s oldest and largest galleries, seems to be growing bleaker by th...

"Prosecutors allege that Zukerman engaged in a complex scheme to avoid paying New York State sales and use taxes on the purchase of those paintings."

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Sales tax crackdown continues .

"A settlement was reached in a skirmish over ownership of Pablo Picasso’s plaster 'Bust of a Woman,' according to a filing in New York federal court."

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Breaking news .  Background here .