Art Market May Be Asked to Reveal What’s Behind the Curtain With Proposed Legislation | New York Law Journal
While it would seem to be good public policy to enact legislation that will prevent money laundering, terrorism, and fraud, art market leaders are concerned that money laundering in art transactions is not a big enough issue to justify the regulatory burden.
Art And Money Laundering Why The Global Art Market Needs Regulation - Artlyst
High-end art, antiquities, and antiques have become more and more attractive to money launders says, Peter D. Hardy a partner at Ballard Spahr, writing for The National Law Review, in an in-depth article published today.
Filling in the Blanks: How Provenance Researchers Solve the Art Market’s Complex Puzzles
Highly desirable works of art are often described as having “impeccable provenance,” but what exactly does that mean?
How Art Exhibition Consultants Benefit Galleries in a Shifting Market
In the past decade or so, the way that art is exhibited, bought and sold has made a major shift. The number of art fairs is at a record high. For some galleries, these art fairs can be highly beneficial, as sellers are able to increase their visibility and widen their market. Participating in art fairs year-round can be an immense financial burden, and yet if galleries choose to opt out, they are considered irrelevant. This high-cost, high-risk atmosphere of most art fairs poses an immense threat to the existence of smaller brick and mortar gallery spaces and can be very costly and profit-eating even to the established galleries.