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.
Meet the Accountants Who Take on Taxes for The Art Market
In 1789, Benjamin Franklin wrote, “In this world, nothing can be said to be certain, except death and taxes,” and while they are both generally considered to be unavoidable and unpleasant, fortunately, there are professionals who can make the burden of taxes and other financial obligations somewhat lighter for individuals and businesses.
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?