Jori Finkel interviews Richard Polsky about his new authentication service, which is now expanded to include Haring and Basquiat.
UPDATE: "Wait, what?"
Friday, June 03, 2016
Update on the private museums question (UPDATED)
The Art Newspaper's Julia Halperin got her hands on a summary of the report the Senate Finance Committee recently submitted to the IRS on the issue of so-called private museums.
"Raises questions." "Merits further scrutiny." "Helpful shot across the bow." There, you're all caught up.
As I've said before, my view is that, while some of these may not look so great right in this moment, if you take a longer term view, the benefits outweigh the costs.
UPDATE: The Nonprofit Law Prof Blog: "Inquiries of this type bother me somewhat. It seems to me that current law regarding private benefit is probably sufficient to handle many of the perceived abuses .... The drumbeat of the articles and the Senate inquiry may lead to additional regulation - and I suspect they will use a mallet rather than a surgical instrument to deal with the issue, if history is any guide."
"Raises questions." "Merits further scrutiny." "Helpful shot across the bow." There, you're all caught up.
As I've said before, my view is that, while some of these may not look so great right in this moment, if you take a longer term view, the benefits outweigh the costs.
UPDATE: The Nonprofit Law Prof Blog: "Inquiries of this type bother me somewhat. It seems to me that current law regarding private benefit is probably sufficient to handle many of the perceived abuses .... The drumbeat of the articles and the Senate inquiry may lead to additional regulation - and I suspect they will use a mallet rather than a surgical instrument to deal with the issue, if history is any guide."
Monday, May 30, 2016
BREAKING NEWS: Some art is held in storage (UPDATED)
The New York Times is on it.
Something must be done!
UPDATE: The Art Market Monitor: "Taken together, the stories betray a level of philistinism among the Times’s editorial staff that really ought to be examined by someone in charge."
Something must be done!
UPDATE: The Art Market Monitor: "Taken together, the stories betray a level of philistinism among the Times’s editorial staff that really ought to be examined by someone in charge."
Saturday, May 28, 2016
"You can’t copyright an idea." (UPDATED)
Lit pigeons edition.
UPDATE: Once again, a dissenting view from Sergio Muñoz Sarmiento: "This isn’t so much about copyright as it is about an Artist with a well-known art institution backing him up burying another artist for the exposure and the seemingly new 'idea.' Will the hypocrisy ever end?"
UPDATE: Once again, a dissenting view from Sergio Muñoz Sarmiento: "This isn’t so much about copyright as it is about an Artist with a well-known art institution backing him up burying another artist for the exposure and the seemingly new 'idea.' Will the hypocrisy ever end?"
Wednesday, May 25, 2016
"What I found was an art world that is this closed, secretive world."
Barbara Pollack profiles Meridith Savona and the FBI's Art Crime Team.
60 Minutes did a thing on the Knoedler case this weekend
You can see it here. Features appearances by friends of the blog (and Advanced Topics in Art Law guest speakers) Jack Flam, Greg Clarick, and Jamie Martin.
M.H. Miller has some thoughts here. AFC points out the segment "reveals little," which is true. I think the problem is it's impossible to explain what happened to a lay audience in a format like this. If you get it -- if you understand how implausible it was that there would just be this vast trove of undiscovered works by the giants of Abstract Expressionism -- you get it. But if you don't see that, Anderson Cooper isn't going to convince you of it in 10 minutes.
M.H. Miller has some thoughts here. AFC points out the segment "reveals little," which is true. I think the problem is it's impossible to explain what happened to a lay audience in a format like this. If you get it -- if you understand how implausible it was that there would just be this vast trove of undiscovered works by the giants of Abstract Expressionism -- you get it. But if you don't see that, Anderson Cooper isn't going to convince you of it in 10 minutes.
Monday, May 23, 2016
"That magic trick illustrates the fundamental absurdity of treating contemporary art as an investment vehicle." (UPDATED 3X)
"In one simple statement, the creator took these 'assets'––ostensibly worth thousands of dollars each––and rendered them worthless to the market. So the next time you hear a silver-tongued broker explaining the wisdom of adding living artists' works to your portfolio, ask him how he'd feel about investing in Facebook if Mark Zuckerberg could suddenly 'de-authenticate' a few thousand shares any time Goldman Sachs pissed him off : )"
Tim Schneider on the Simchowitz-Mahama settlement.
UPDATE: Brian Frye asks some good questions in the comments at Schneider's blog: "I wonder about the metaphysics of 'de-authentication.' In other words, does it always work? And to what extent? If so, why does the market (i.e. investors) allow the artist to unilaterally determine the 'authenticity' of the work? Can you imagine a circumstance in which the market would ignore the artist's ipse dixit?"
Cady Noland is of course relevant here.
UPDATE 2: And I should have linked to Amy Adler here: "A recent lawsuit involving the artist Cady Noland illustrates the way in which a living artist’s disclaimer of a work, even when everyone knows it’s 'real,' can still transform it into a fake."
UPDATE 3: A different view from Sergio Muñoz Sarmiento: "Put simply, we don’t think this is more than another attempt by certain artist to bite the same hand that feeds them, and that feeds them well. In other words, it’s marketing ploy with little teeth, because unless your head is still stuck in the sand you’ve come to understand that it’s the collector and the art market that dictate what is a work of 'art.'"
Tim Schneider on the Simchowitz-Mahama settlement.
UPDATE: Brian Frye asks some good questions in the comments at Schneider's blog: "I wonder about the metaphysics of 'de-authentication.' In other words, does it always work? And to what extent? If so, why does the market (i.e. investors) allow the artist to unilaterally determine the 'authenticity' of the work? Can you imagine a circumstance in which the market would ignore the artist's ipse dixit?"
Cady Noland is of course relevant here.
UPDATE 2: And I should have linked to Amy Adler here: "A recent lawsuit involving the artist Cady Noland illustrates the way in which a living artist’s disclaimer of a work, even when everyone knows it’s 'real,' can still transform it into a fake."
UPDATE 3: A different view from Sergio Muñoz Sarmiento: "Put simply, we don’t think this is more than another attempt by certain artist to bite the same hand that feeds them, and that feeds them well. In other words, it’s marketing ploy with little teeth, because unless your head is still stuck in the sand you’ve come to understand that it’s the collector and the art market that dictate what is a work of 'art.'"
Thursday, May 12, 2016
Friday, May 06, 2016
Tell me again about the public trust (somehow, the museum has made peace with parting with more than 600 pieces of Chinese ceramics edition) (UPDATED)
The Met is selling them at Christie's. They have 3,600 other Chinese ceramics, so it's not like selling off 15% of them is that big of a deal. And it's not like "the essential point of museum collections" is that "once an object falls under the aegis of a museum, it is held in the public trust, to be accessible to present and future generations." Oh, it is?
UPDATE: Daniel Grant emails a very good point:
"What struck me as odd is that the Met is defending its decision to sell (perhaps awaiting criticism of its move)...
"'About 60 percent of the things we’re deaccessioning came in 1879, so there wasn’t that much scholarship, there wasn’t that much discrimination,' Mr. Hearn. 'They’ve really been extensively reviewed; most have never been exhibited or published.'"
"...while disparaging these items in advance of a sale, which probably won't bolster the prices. I think the Met should pick one direction and stick with it."
UPDATE: Daniel Grant emails a very good point:
"What struck me as odd is that the Met is defending its decision to sell (perhaps awaiting criticism of its move)...
"'About 60 percent of the things we’re deaccessioning came in 1879, so there wasn’t that much scholarship, there wasn’t that much discrimination,' Mr. Hearn. 'They’ve really been extensively reviewed; most have never been exhibited or published.'"
"...while disparaging these items in advance of a sale, which probably won't bolster the prices. I think the Met should pick one direction and stick with it."
Thursday, May 05, 2016
"By digitizing and replicating objects of cultural heritage, we risk inviting a host of legal disputes over access and ownership."
An interesting piece in the Boston Globe a few days ago by Sonia Katyal and Simone Ross, on (among other things) 3D printing, art, and copyright.
Tuesday, May 03, 2016
"We are committed to rooting out tax abuses wherever we find them, especially in the art world, where the difference can be hundreds of thousands — if not millions — of dollars in lost tax revenue" (UPDATED)
NYT: Developer Aby Rosen to Pay $7 Million in Suit Over Unpaid Taxes on Art.
UPDATE: Tim Schneider thinks Rosen got a raw deal: "[W]hile some dealers certainly view tax laws as made to be broken, I actually side with Rosen and Gelfand here, at least based on what's been reported. Given that transactions in the art industry can happen anywhere at any time, hanging works at home hardly means they're not actively on the market."
UPDATE: Tim Schneider thinks Rosen got a raw deal: "[W]hile some dealers certainly view tax laws as made to be broken, I actually side with Rosen and Gelfand here, at least based on what's been reported. Given that transactions in the art industry can happen anywhere at any time, hanging works at home hardly means they're not actively on the market."
Saturday, April 30, 2016
"It is a typical example of what can go wrong in a big company."
Lego admits it was a mistake to refuse Ai Weiwei's request for a bulk order last year. This one was easy to see.
Wednesday, April 27, 2016
Tuesday, April 26, 2016
Saturday, April 23, 2016
If only they had some way to close this deficit
The NYT's Robin Pogrebin reports on financial trouble at the Met. They're facing a $10 million deficit this year. Staff reductions and reduced programming will follow.
But the important thing to understand here is that this is a choice. They could close that deficit in a heartbeat if they wanted to.
As Berkeley's Michael O'Hare puts it:
"Wait a minute .... The Met has a collection worth at least $60 billion, thousands and thousands of objects almost none of which (by object count or square feet of picture) is ever shown or ever will be. ... Selling just two percent ..., for example, could endow free admission forever. Selling .3 percent would cover that pesky deficit, also forever. ... Nothing in the Met’s mission statement suggests its purpose is to accumulate as much art as possible where no-one sees it. But the Met and all the other big art museums have insulated themselves from this sort of awkward question by writing a code of ethics that forbids any museum from selling anything except to buy more art."
(For a longer version of O'Hare's argument, see here.)
Kevin Drum of Mother Jones seconds the motion:
"The art world generally believes that deaccessioning is a horror because art is a public trust blah blah blah. This is little more than meaningless word salad. ... [I]t's hard to understand why art museums, alone among all the institutions of mankind, should be required to never sell anything they own. Perhaps this statement from the AAMD about the Delaware Art Museum's auction tells the real story: 'It is also sending a clear signal to its audiences that private support is unnecessary, since it can always sell additional items from its collection to cover its costs.' We can't have that, can we? That would prevent museums from raising money with scary campaigns about shutting down or firing half their staff or cutting hours to the bone."
Drum also predicts what would happen if the deaccessioning taboo were ditched.
"What would happen? My guess is: nothing much. Museums that gained a reputation for doing it routinely would indeed suffer a drop in private donations, and that would act as a natural brake on the practice. Other museums would benefit, as they were freed to occasionally sell off less important parts of their collection in order to pay bills or undertake other worthy endeavors. And huge museums like the Met, with caverns full of artwork that's never shown and has limited scholarly use, could not only shore up their finances but improve the world by selling pieces to smaller, more specialized museums that would show it."
"Tisch's lawyer ... said his client realized in recent years that the painting was missing from her art studded apartment, but she wasn't sure where it was, whether in storage or out for repairs."
The Daily News on a New York state court lawsuit that presents interesting statute of limitations/laches issues.
Tuesday, April 19, 2016
"Why don’t many galleries list their prices?"
Paddy Johnson points to one explanation from artnet: "So tax authorities can’t track their client purchases." She offers another alternative: "Isn’t this practice mostly about marketing? Luxury items frequently don’t come with a price tag attached to the piece. Part of what you purchase, when buying these goods, is the doting sales pitch that comes along with it."
Monday, April 18, 2016
Tuesday, April 12, 2016
No Soup Cans For You
Seven Warhol Soup Can prints have been stolen from a Missouri museum. Michiko Kakutani tweets that, by breaking up the series of 10, the thieves "devalu[ed] whatever profits they would hope to make off the heist."
BREAKING: Dismissal Granted in California Resale Royalty Case (UPDATED 3X)
I'll post a link when I have one, but the District Court in California has granted the defendants' motion to dismiss (what's left of) the California Resale Royalty lawsuit on the grounds that the state statute is preempted by the first sale doctrine under the federal Copyright Act. The court (affirmed by the Ninth Circuit) had previously ruled that the statute could not reach sales that took place outside of California. This decision now throws out the whole statute -- even for sales within California. Back up to the Ninth Circuit we go.
UPDATE: News story here.
UPDATE 2: Here is the Los Angeles Business Journal.
UPDATE 3: Here's the decision.
UPDATE: News story here.
UPDATE 2: Here is the Los Angeles Business Journal.
UPDATE 3: Here's the decision.
"Artist Claims Copyright to Four Photos of Robert Mapplethorpe in $65 Million Lawsuit"
Also while I was away, a "poet, actor, photographer, and makeup artist" named James R. Miller filed a lawsuit against the Mapplethorpe Foundation (and others) claiming copyright ownership in four Mapplethorpe works created in 1979. Benjamin Sutton has the details here.
The first hurdle Mr. Miller is going to face is the statute of limitations: he claims to have known the photos were attributed to Mapplethorpe since 1988, and that he has "attempted several times over the last 27 years to correct the historical and artistic record."
The first hurdle Mr. Miller is going to face is the statute of limitations: he claims to have known the photos were attributed to Mapplethorpe since 1988, and that he has "attempted several times over the last 27 years to correct the historical and artistic record."
You may want to brace yourself for this
But the Tennessean reports that the Stieglitz Collection has returned to Fisk University after a two-year stint at the Crystal Bridges Museum. Not only that, it returns to a newly renovated space at the university. This tragic story just keeps getting worse.
Swedish Model
Art F City notes a Swedish court ruling against Wikimedia, holding that "images of public art are not public domain, but belong to the artists who created the original works" and asks if "a policy like this in the US" would make “Cloud Gate” selfies illegal. The answer is that that is the policy in the US -- i.e., the copyright to works of public art belong to the artists who created them.
Another reminder about the idea/expression distinction
Via Rebecca Tushnet. Earlier example (among many) here.
"It hardly comes as much of a surprise that amid the high-profile scandals and tales of political corruption in the Panama Papers, art is something of a constant" (UPDATED)
I was away last week (I had a tip on the location of Mr. X, but sadly it turned out to be a false lead), but the big news was that the Panama Papers include a ton of art-related stuff. Dig in here, here, and here.
UPDATE: Tyler Cowen on a more general question raised by the leak.
UPDATE: Tyler Cowen on a more general question raised by the leak.
Thursday, March 31, 2016
Messier (UPDATED)
Counterclaims in the Simchowitz suit mentioned here.
UPDATE: AFC: "Everyone in this case sounds insane."
UPDATE: AFC: "Everyone in this case sounds insane."
Wednesday, March 30, 2016
Is a Popemobile held in the public trust?
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? Of course not. So why is it any different for works of art?
The church is a 501(c)(3) organization, just like museums are. Does that mean that "we" own all its assets? Of course not. So why is it any different for works of art?
"Replace 'Caspersen' with 'Knoedler' in this @matt_levine column and you have some great art-market analysis"
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."
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 (to me anyway), supporters of the museum have bumped up against the real "public trust doctrine." (As I explain in my chapter in this collection, there is a public trust doctrine, but it's not at all what the Deaccession Police think it is. For them, it's just a phrase they've latched onto to achieve their policy goals.)
Sunday, March 27, 2016
Monday, March 21, 2016
Yawn
The NYT's Randy Kennedy reported last week that the National Academy -- "the nation’s oldest continuously operating artists’ society" -- is selling its Fifth Avenue home and moving to ... no one knows where.
As far as I can see, this has been greeted mostly by crickets. Lee Rosenbaum has been attempting to work up some outrage, but so far no one seems to be following her lead. Maybe it's out there but I missed it.
Compare that to the apoplectic reaction several years ago when the museum sold two of the more than 7,000 works in its collection, with the same goal in mind: to give itself "the financial freedom to think more creatively about how to exist in the 21st century."
Why is the one sale not a big deal and the other the end of the world as we know it?
Are the buildings not "held in the public trust" to exactly the same extent as the artworks?
How do some assets come to be held in the public trust and others not? What is the mechanism?
It's almost as if the notion that the works are held in the public trust is a convenient fiction.
As far as I can see, this has been greeted mostly by crickets. Lee Rosenbaum has been attempting to work up some outrage, but so far no one seems to be following her lead. Maybe it's out there but I missed it.
Compare that to the apoplectic reaction several years ago when the museum sold two of the more than 7,000 works in its collection, with the same goal in mind: to give itself "the financial freedom to think more creatively about how to exist in the 21st century."
Why is the one sale not a big deal and the other the end of the world as we know it?
Are the buildings not "held in the public trust" to exactly the same extent as the artworks?
How do some assets come to be held in the public trust and others not? What is the mechanism?
It's almost as if the notion that the works are held in the public trust is a convenient fiction.
"Sandy-Related Art Damage Suit Against Christie's Is Revived"
The New York Law Journal [$]: "The panel cited Kimberly-Clark Corp. v. Lake Erie Warehouse, Div. of Lake Erie Rolling Mill, 49 AD2d 492 (4th Dept 1975), in which that court noted that while the UCC permits a warehouseman to limit the amount of liability, it cannot completely exempt itself from liability as imposed by UCC Article 7."
You can read the decision here.
You can read the decision here.
Thursday, March 17, 2016
Whose art is it?
Tuesday, March 15, 2016
Monday, March 14, 2016
"Will report back to you all in a generation to see if my instincts were right."
Tim Schneider on the Artist Pension Trust, which I mentioned last week:
"Personally, I'm torn about this concept. On the one hand, I'm in favor of anything that will get artists to invest and, as a result, gain some of the same financial security that workers in other sectors of the labor market enjoy. On the other hand, my gut tells me that most, if not all, artists would be better off if they just opened an IRA, used the proceeds from 20 sales to buy a low-cost S&P 500 index fund, and re-invested the dividends until retirement."
"Personally, I'm torn about this concept. On the one hand, I'm in favor of anything that will get artists to invest and, as a result, gain some of the same financial security that workers in other sectors of the labor market enjoy. On the other hand, my gut tells me that most, if not all, artists would be better off if they just opened an IRA, used the proceeds from 20 sales to buy a low-cost S&P 500 index fund, and re-invested the dividends until retirement."
Disaster averted
A couple years ago, I mentioned a New York state court decision that "could wreak some serious havoc on the world of authentication litigation." Briefly, the First Department had held that, unless a plaintiff can produce an expert who examined the work before he bought the work and can testify that it’s the same work that he now has in his possession, he would lose.
Now, in a subsequent decision in the same lawsuit, the First Department narrows that rule to the specific (odd) facts of this case:
"Contrary to defendants' contention, our decision need not have disastrous effects on the art market. We limit both this decision and our decision on the prior appeal to the facts of this case, i.e., a situation where defendants did not claim until many years after the sale and consignment that the artworks were forged, and they were unable to produce the people who had custody of the art between the time defendants sold it and the time they returned some of it to the United States; and plaintiff claimed that defendants, or the non-produced custodians of the art, forged it; and the custodians resided in a country that did not abide by the Hague Convention, so that plaintiff was unable to obtain evidence from them."
So if you've got a case with facts like that, you're in trouble. Otherwise, as you were.
Now, in a subsequent decision in the same lawsuit, the First Department narrows that rule to the specific (odd) facts of this case:
"Contrary to defendants' contention, our decision need not have disastrous effects on the art market. We limit both this decision and our decision on the prior appeal to the facts of this case, i.e., a situation where defendants did not claim until many years after the sale and consignment that the artworks were forged, and they were unable to produce the people who had custody of the art between the time defendants sold it and the time they returned some of it to the United States; and plaintiff claimed that defendants, or the non-produced custodians of the art, forged it; and the custodians resided in a country that did not abide by the Hague Convention, so that plaintiff was unable to obtain evidence from them."
So if you've got a case with facts like that, you're in trouble. Otherwise, as you were.
Wednesday, March 09, 2016
"If the investigation advances, Bouvier could face fraud charges in the U.S." (UPDATED)
Bloomberg: "Federal prosecutors, following the lead of European authorities, have opened an inquiry into one of the art world’s consummate insiders, Yves Bouvier[,] ...according to people familiar with the matter. The move marks the first time that federal authorities have trained their sights on a scandal that has shaken Europe’s notoriously private ecosystem of art dealers, middlemen and collectors. While still in its infancy, the U.S. probe also underscores prosecutors’ general concerns about the opacity of the market in art -- which, like high-end real estate, can serve as a conduit for money laundering."
Some background here and here. And there was a good article in The New Yorker recently which I think I neglected to link to at the time.
UPDATE: The Art Market Monitor: A "thin, vague" story.
Some background here and here. And there was a good article in The New Yorker recently which I think I neglected to link to at the time.
UPDATE: The Art Market Monitor: A "thin, vague" story.
Tuesday, March 08, 2016
"Since its founding, the trust has evolved significantly."
"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 planned, along the lines of a pension fund."
The New York Times looks at the Artist Pension Trust at age 10.
(Oddly, it seemed to turn 10 two years ago too.)
However old it is, there still seem to be some reasons for skepticism.
The New York Times looks at the Artist Pension Trust at age 10.
(Oddly, it seemed to turn 10 two years ago too.)
However old it is, there still seem to be some reasons for skepticism.
Apparently they are held in trust for the public of the city of Bradford only
Because it's "an appalling act of cultural vandalism" to move a collection of photos to the Victoria & Albert Museum in London.
Tuesday, March 01, 2016
Christie's Suing the Mugrabis (UPDATED 2X)
"Somehow, the museum version of the 'public trust' doctrine provides that artworks protected by the public trust cannot be sold unless it is convenient."
"It is telling that the legal scholars who have considered this argument have been ... unsympathetic. And that proponent of the 'public trust' argument tend to respond to criticism by raising their voices."
Brian Frye gears up for a panel discussion on the Detroit "grand bargain" with some thoughts on the state of the deaccession debate.
Brian Frye gears up for a panel discussion on the Detroit "grand bargain" with some thoughts on the state of the deaccession debate.
Saturday, February 27, 2016
Motion to Dismiss in Latest Prince Suit
Friday, February 26, 2016
Settlement in the Met "Suggested Admission" Lawsuit (UPDATED)
Thursday, February 25, 2016
Monday, February 22, 2016
"A guarantee—offered directly or by a third party— is a real price. Someone has to pay it."
The Art Market Monitor: Guarantees do not "distort" the market.
Sunday, February 21, 2016
"The Knoedler sales only dealt in a difference of degree, not kind, from the wholly legitimate day-to-day business of the secondary market."
"And in that sense, the circumstances surrounding the de Soles' 'Rothko' aren't quite the extreme outliers they're being made out to be."
Tim Schneider on How far is too far?
Tim Schneider on How far is too far?
Wednesday, February 17, 2016
Tuesday, February 16, 2016
The Knoedler Trial May Be Over ...
... but the Knoedler news keeps coming: "Jose Carlos Bergantinos Diaz, the alleged partner of Glafira Rosales in her sale of a cache of counterfeit paintings through the Knoedler Gallery, can be extradited to the United States, Spain’s National Court has ruled."
Monday, February 15, 2016
Saturday, February 13, 2016
What it looks like to take the notion of the "public trust" too seriously
In a review of works from the collection of Paul Allen at the Phillips, Pulitzer Prize winning critic Philip Kennicott tells us:
"But the problem with collecting masterworks of great artists is that the act of ownership is in itself a kind of theft, stealing from the public commons of genius. Put another way, once a work of art is important enough to be of interest to a man like Allen, it belongs to all of us. He may not know that, but we do."
"But the problem with collecting masterworks of great artists is that the act of ownership is in itself a kind of theft, stealing from the public commons of genius. Put another way, once a work of art is important enough to be of interest to a man like Allen, it belongs to all of us. He may not know that, but we do."
Friday, February 12, 2016
Correction
The narrative of the week seems to be that we're seeing a "correction" in the art market. See here, for example, and here.
But I've never understood how that concept is supposed to apply to the art market. "Correcting" to what? Why do we assume the newer prices are correct and the older prices were incorrect? Sure, the newer price is lower. But how do we know that it is more "correct" than the old one?
I still think this may be closer to the mark.
But I've never understood how that concept is supposed to apply to the art market. "Correcting" to what? Why do we assume the newer prices are correct and the older prices were incorrect? Sure, the newer price is lower. But how do we know that it is more "correct" than the old one?
I still think this may be closer to the mark.
The Top 9 Takeaways From The Knoedler Trial
By Eileen Kinsella and Sarah Cascone at artnet. I'm (briefly) quoted.
Wednesday, February 10, 2016
It's over (UPDATED 6X)
Knoedler trial settles.
UPDATE: Here is the New York Times story. Here is Eileen Kinsella at artnet ("It was an anticlimatic end to over two weeks of dramatic and often damning testimony ...").
UPDATE 2: "The fact that this was a fraud from 1994 to 2009 was totally unavoidable to see. We are proud of these clients, who had the resolve to make it to court."
UPDATE 3: The NYT's Patricia Cohen: "[Knoedler] must have been worried about what former president Ann Freedman was going to say at trial."
UPDATE 4: "When a litigant perceives, during the course of a trial, that there’s a good chance he’ll lose his case, there is an impetus to settle."
UPDATE 5: Some final thoughts from Jay Grimm.
UPDATE 6: Laura Gilbert's post-mortem.
UPDATE: Here is the New York Times story. Here is Eileen Kinsella at artnet ("It was an anticlimatic end to over two weeks of dramatic and often damning testimony ...").
UPDATE 2: "The fact that this was a fraud from 1994 to 2009 was totally unavoidable to see. We are proud of these clients, who had the resolve to make it to court."
UPDATE 3: The NYT's Patricia Cohen: "[Knoedler] must have been worried about what former president Ann Freedman was going to say at trial."
UPDATE 4: "When a litigant perceives, during the course of a trial, that there’s a good chance he’ll lose his case, there is an impetus to settle."
UPDATE 5: Some final thoughts from Jay Grimm.
UPDATE 6: Laura Gilbert's post-mortem.
Tuesday, February 09, 2016
MORE BREAKING KNOEDLER NEWS (UPDATED 3X)
"Due to 'unexpected developments', proceedings end abruptly today in Knoedler case just before Ann Freedman and Michael Hammer's testimony."
UPDATE: "This led to a great deal of speculation among the lingering journalists about whether or not the De Soles were going to settle with Knoedler and 8-31."
UPDATE 2: "The overwhelmingly likely explanation, according to legal scholars in the courtroom, is that the parties have reached a settlement in principle and will spend the afternoon working out the specifics."
UPDATE 3: "[T]he crowd included an art law class from NYU."
UPDATE: "This led to a great deal of speculation among the lingering journalists about whether or not the De Soles were going to settle with Knoedler and 8-31."
UPDATE 2: "The overwhelmingly likely explanation, according to legal scholars in the courtroom, is that the parties have reached a settlement in principle and will spend the afternoon working out the specifics."
UPDATE 3: "[T]he crowd included an art law class from NYU."
Sunday, February 07, 2016
BREAKING KNOEDLER KNEWS (UPDATED 2X)
Ann Freedman has settled with the De Soles. The case against the gallery continues. "The settlement follows damaging testimony about how much Knoedler and Ms. Freedman earned from the sale of more than 30 fakes that were said to be by Abstract Expressionist masters but were actually painted by an all but unknown Chinese artist in the garage of his Queens home."
UPDATE: "A federal judge told jurors who have been hearing the fraud suit in Manhattan about the settlement and said that they should not speculate about the details or infer anything about the remaining case before them."
UPDATE 2: Jay Grimm on the news: "Freedman has claimed for years now that she too was a victim and that she was delighted that this case is going to trial so as to clear her name. Settling at this juncture does the exact opposite. From my perspective, then, the only logical way of interpreting the settlement is that Ann Freedman caved in because the trial was not going well for her."
UPDATE: "A federal judge told jurors who have been hearing the fraud suit in Manhattan about the settlement and said that they should not speculate about the details or infer anything about the remaining case before them."
UPDATE 2: Jay Grimm on the news: "Freedman has claimed for years now that she too was a victim and that she was delighted that this case is going to trial so as to clear her name. Settling at this juncture does the exact opposite. From my perspective, then, the only logical way of interpreting the settlement is that Ann Freedman caved in because the trial was not going well for her."
Saturday, February 06, 2016
Thursday, February 04, 2016
Knoedler Trial Day 9 (UPDATED 2X)
"I think she may have brought it over in her car."
("It" being an $8.3 million "Rothko.")
UPDATE: Purchase College's Jeff Taylor: "If a Chinese immigrant in Queens could do them all quite convincingly, one has to wonder how many other abstract expressionist fakes have been bought and sold."
UPDATE 2: Laura Gilbert: Knoedler asked forensic conservator to revise "negative" report.
("It" being an $8.3 million "Rothko.")
UPDATE: Purchase College's Jeff Taylor: "If a Chinese immigrant in Queens could do them all quite convincingly, one has to wonder how many other abstract expressionist fakes have been bought and sold."
UPDATE 2: Laura Gilbert: Knoedler asked forensic conservator to revise "negative" report.
Wednesday, February 03, 2016
Knoedler Trial Day 8 (UPDATED 2X)
Run like hell.
UPDATE: Laura Gilbert: "So far, seven of the 11 people listed have testified that they did not authenticate the work sold to the De Soles."
UPDATE 2: Jay Grimm continues to provide the most in-depth coverage. Keep scrolling.
UPDATE: Laura Gilbert: "So far, seven of the 11 people listed have testified that they did not authenticate the work sold to the De Soles."
UPDATE 2: Jay Grimm continues to provide the most in-depth coverage. Keep scrolling.
Monday, February 01, 2016
Knoedler Trial Day 6 (UPDATED 4X)
"It's a bit rich."
UPDATE: New York Times story here.
UPDATE 2: M.H. Miller here.
UPDATE 3: Laura Gilbert here.
UPDATE 4: The Guardian's Jonathan Jones here.
UPDATE: New York Times story here.
UPDATE 2: M.H. Miller here.
UPDATE 3: Laura Gilbert here.
UPDATE 4: The Guardian's Jonathan Jones here.
Saturday, January 30, 2016
Knoedler Trial Day 5 (UPDATED 2X)
Brian Boucher has you covered.
UPDATE: Here's NPR on the case.
UPDATE 2: Jerry Saltz tweets: "[Freedman] will get off. In my opinion she is 100% guilty." Paddy Johnson replies: "I hope she doesn't get off because I share your opinion."
UPDATE: Here's NPR on the case.
UPDATE 2: Jerry Saltz tweets: "[Freedman] will get off. In my opinion she is 100% guilty." Paddy Johnson replies: "I hope she doesn't get off because I share your opinion."
Friday, January 29, 2016
"Woman sues AP for taking and selling stock photo of her wearing a headscarf"
Eugene Volokh thinks she will lose under New York law. Sergio Muñoz Sarmiento agrees. Copyright Librarian Nancy Sims says it's a "good illustration of my oft-repeated refrain: most people don't have right to control images taken in public places."
Thursday, January 28, 2016
Knoedler Trial Day 3 (UPDATED 3X)
Sparks flew.
UPDATE: Georgina Adam: "'Secret Santa' seems a killer line."
UPDATE 2: Art Advisor Jay Grimm is blogging the trial. Start here and scroll down.
UPDATE 3: Laura Gilbert's report is here.
UPDATE: Georgina Adam: "'Secret Santa' seems a killer line."
UPDATE 2: Art Advisor Jay Grimm is blogging the trial. Start here and scroll down.
UPDATE 3: Laura Gilbert's report is here.
Wednesday, January 27, 2016
Knoedler Trial Day 2 (UPDATED 2X)
Recap here.
UPDATE: More from ARTnews here.
UPDATE 2: "Lawyer for Ann Freedman uses fiction film to defend his client. How appropriate!"
UPDATE: More from ARTnews here.
UPDATE 2: "Lawyer for Ann Freedman uses fiction film to defend his client. How appropriate!"
Tuesday, January 26, 2016
"'There was even a Pollock with a misspelled signature,' she told the jurors."
Day 1 of the Knoedler trial.
Monday, January 25, 2016
"We would not only be dwarfed by the scale, but I feel like I would be in a dungeon -- in chains."
Bloomberg: Manhattan's Next Super-Tall Condo Plan Faces Neighborhood Battle. One of the issues is blocked light for a collector's Picassos.
Reminder: the Knoedler trial starts TODAY (UPDATED 2X)
Sunday, January 24, 2016
It would also be a violation of VARA (UPDATED)
Saturday, January 23, 2016
"It seems almost like a stupidity trend among these fashion companies in not treating these graffiti artists as if they have rights in these images."
The copyright infringement suits by graffiti artists continue to pile up. "Outlaws asserting their property rights."
Tuesday, January 19, 2016
"The secretive art market is almost purpose-built for such disputes."
Felix Salmon on the latest art-world dust-up.
Friday, January 15, 2016
Ai Weiwei 1, Lego 0
NYT: "The Lego Group has said that it would no longer ask customers what they intend to do with bulk orders, following an outcry last fall when it rejected a request by the Chinese artist Ai Weiwei, whose work has often been critical of the Chinese government."
As predicted.
As predicted.
Monday, January 11, 2016
Saturday, January 09, 2016
Thursday, January 07, 2016
VARA claim in Detroit
Story here. It involves a mural, painted by artist Katherine Craig on the side of a building in 2009. One interesting twist is that apparently, in her contract with the building's original owner, they agreed the work would remain in place "for at least 10 years." Would that count as a waiver under VARA? Could they wait her out until 2019? Remember: judges don't like, and don't get, VARA.
Wednesday, January 06, 2016
"If you can get away with this, what is left of copyright?" (UPDATED)
Artnet's Brian Boucher talks to some experts about the latest Richard Prince lawsuit, and the above quote, from Stanford's Paul Goldstein, seems to sum up the prevailing consensus. I may be too wedded to my belief that fair use law is basically indeterminate, and I can certainly see the argument that the Second Circuit's formalist approach in the Cariou case puts Prince in a very difficult position here, but two brief thoughts in response to the Goldstein view:
1. Judge Leval's recent decision in the Google Books case -- decided after Prince-Cariou -- tells us that the fourth fair use factor -- "the effect of the copying use upon the potential market for or the value of the copyrighted work" -- is the most important. Is it really the case that Prince's work will deprive Graham of "significant revenues because of the likelihood that potential purchasers may opt to acquire [Prince's work] in preference to [Graham's]"? Does Prince's work threaten Graham with "significant harm" to the value of his work? Google Books says "some loss of sales" is not enough: "There must be a meaningful or significant effect" upon the market for the copied work. Do we have that here? Doesn't someone who buys a Richard Prince do so because he wants a Richard Prince? Is Prince really siphoning any sales away from Graham?
2. I think there may be a sense that, unlike with the 20 works the Second Circuit blessed in the Cariou case, Prince hasn't "done anything" to (or with) this one, and so how can he possibly have "transformed" it? I think that may miss something important about what's going on here. There is a thing called appropriation art. Not everyone likes it, but it's a thing, and Prince is an important practitioner of the genre. When he takes a work like this and puts it in a show at Gagosian Gallery alongside other similar images he has done something to it. You may not like it as art, and you may not think he's done enough to it to qualify as fair use (as if anyone has any idea what "enough" means in this context). But he has done something to it.
And one final point, from Greg Allen: "Unfortunately for Mr. Graham, he only registered his copyright for the image after Prince's show, so even if he were able to prove infringement, he would only be able to recover actual damages. Since Prince sold his New Portrait to his dealer Larry Gagosian, those actual damages probably range between the profit from one 4x5 photo print and $18,500, Prince's half of the $37,000 retail price for the IG works at that time."
UPDATE: Techdirt's Mike Masnick:
"[I]t's not the underlying work that makes it worth that much, it's the fact that it was created by Richard Prince. That's what's transformative. The original photo was worth x. The Prince version is worth many times x. You and I might not understand *why* but that's how the art world has valued them. So my argument is that it's transformative ... in that 'people value it entirely differently.' Something is different about the work, and that difference is, basically 'Richard Prince did this.' You're focusing too narrowly on whether the image *looks* different to determine if it's transformative. But that's not the way to look at it. It's a question of whether the overall way it's viewed is different. And that's why it's transformative."
1. Judge Leval's recent decision in the Google Books case -- decided after Prince-Cariou -- tells us that the fourth fair use factor -- "the effect of the copying use upon the potential market for or the value of the copyrighted work" -- is the most important. Is it really the case that Prince's work will deprive Graham of "significant revenues because of the likelihood that potential purchasers may opt to acquire [Prince's work] in preference to [Graham's]"? Does Prince's work threaten Graham with "significant harm" to the value of his work? Google Books says "some loss of sales" is not enough: "There must be a meaningful or significant effect" upon the market for the copied work. Do we have that here? Doesn't someone who buys a Richard Prince do so because he wants a Richard Prince? Is Prince really siphoning any sales away from Graham?
2. I think there may be a sense that, unlike with the 20 works the Second Circuit blessed in the Cariou case, Prince hasn't "done anything" to (or with) this one, and so how can he possibly have "transformed" it? I think that may miss something important about what's going on here. There is a thing called appropriation art. Not everyone likes it, but it's a thing, and Prince is an important practitioner of the genre. When he takes a work like this and puts it in a show at Gagosian Gallery alongside other similar images he has done something to it. You may not like it as art, and you may not think he's done enough to it to qualify as fair use (as if anyone has any idea what "enough" means in this context). But he has done something to it.
And one final point, from Greg Allen: "Unfortunately for Mr. Graham, he only registered his copyright for the image after Prince's show, so even if he were able to prove infringement, he would only be able to recover actual damages. Since Prince sold his New Portrait to his dealer Larry Gagosian, those actual damages probably range between the profit from one 4x5 photo print and $18,500, Prince's half of the $37,000 retail price for the IG works at that time."
UPDATE: Techdirt's Mike Masnick:
"[I]t's not the underlying work that makes it worth that much, it's the fact that it was created by Richard Prince. That's what's transformative. The original photo was worth x. The Prince version is worth many times x. You and I might not understand *why* but that's how the art world has valued them. So my argument is that it's transformative ... in that 'people value it entirely differently.' Something is different about the work, and that difference is, basically 'Richard Prince did this.' You're focusing too narrowly on whether the image *looks* different to determine if it's transformative. But that's not the way to look at it. It's a question of whether the overall way it's viewed is different. And that's why it's transformative."
"New York Comes Down on Art Collectors"
Barron's: "Our call: Expect the aggressive enforcement to continue indefinitely. It’s an inexpensive way for New York State to raise revenue, and its return on effort could potentially be large."
Monday, January 04, 2016
Here we go again
Another photographer has sued Richard Prince for use of a Rastafarian image. Should be an easy case to decide: all the court has to do is follow the Second Circuit's crystal clear guidance from the Prince-Cariou case.
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