The Fine Print: 4 Times to Hire an Art Lawyer
Sometimes, the only thing that separates a collector from a lengthy, pricey legal battle is some good professional advice. Hiring a savvy lawyer long before things get hairy can be one of the smartest, most proactive choices you can make to ensure that your art remains rightfully yours, that when you loan it out or bequeath it to an heir, the agreements align with your wishes. Lawyer Jonathan Freiman of Wiggin and Dana LLP offers a succinct explanation of when you should hire a lawyer: “buying, selling, lending, and defending.” These activities all involve risk, and a professional can help you better understand--and minimize--this risk. Of course, only some transactions / issues will merit the cost of working with one. If you’re buying a $500 photograph, for example, legal fees will probably be greater than the price of your work: not worth it. Freiman and Brooke Oliver of 50 Balmy Law P.C. offered more specifics about the cases they’ve handled and how collectors can best protect themselves in a variety of circumstances.
U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry
Oct 7 2016 | 10:55pm ET Editor's note: Alternative investment managers have How does the mindset of the collector differ today compared with generations past? emerged as some of the most significant art collectors of the 21st century.
How And Why You Should Start A Corporate Art Collection
Companies are taking a leadership role in the art world, enhancing their image, their customer relations, and supporting young artists. But mounting a corporate art collection is more than hanging paintings in an office. What does it take, and is it worth it?
Interview of the Month with UNITEL Art Loss Consultants
The Clarion List continues our series of interviews with leading art service providers. Whether you are learning about these companies for the first time or are already familiar with their services, we hope this series helps shed insight into each’s distinct niche and make the art services market in general more transparent. This month we discussed art thefts, art recovery and art security with William P. Callahan, founder of UNITEL Art Loss Consultants. Since 1978, UNITEL has provided highly confidential investigative and security services worldwide. Find out why the US has fewer art thefts than Europe, the profile of a typical art thief, how new technology can protect collections, his insights into the black market and more. The Clarion List: What is UNITEL? What services do you provide? William P. Callahan: We provide security and investigative services with a specialty in Fine Arts theft and recovery of lost and stolen art and antiques CL: When and why did you start UNITEL? What is your ba...
Uncovering the Surprisingly Secret World of Art Auctions
How did the art auctions business become a multi-billion-dollar industry? The first film in a series about the art market explores this question, leading viewers through the complex history of auctions, with specific attention to the last 20 years.
5 Things We Know about the Art Market after New York's Spring Auctions
Just one year ago, $2.7 billion in art changed hands during the same set of sales. Estimates ahead of last week's auctions placed sales volume, in terms of dollar value, down by 50%. In reality, that number ended up being nearly 60%. Christie's racked up $656.2 million in sales last week.
Handle with Care: 5 Reasons to Hire an Art Transport & Installation Company
Whether you’re moving your art collection across town to your new home, wrapping up a treasure to be sent as a gift, or simply hanging your latest acquisition, the logistics of packing, shipping and installation require the expertise of art professionals. Art—unlike clothes, boxes of books and general furniture—presents special challenges that are outside the sphere of ordinary movers and do-it-yourself-ers. We explore five important reasons to hire specialized art transport and art installation companies. “Art was not meant to travel.” Jonathan Schwartz, President/CEO, Atelier4 Reason 1: Protective Packing for Transport Works of art are often fragile and should not be wrapped in paper and shipped in boxes along with grandma’s china and your high school yearbook. Professionals have specific strategies for protecting art in transit, including: travel frames and collars, archival boxes and non-abrasive packing materials. Daria Pletneva, Creative Director, NY Art Installation, Inc. says that collectors ...
Art Collecting: Young Money, Old Masters
Years ago, Ben Ensminger-Law was wandering round New York’s galleries one Saturday when he stopped inside Luhring Augustine to admire a set of photographs by Gregory Crewdson. The pictures — each named “Untitled” with a parenthetical description
Art Market Cooling, But Online Sales Booming
The art market is changing, and social media has become the primary way consumers discover art, according to a study commissioned by Invaluable. The survey found that nearly a quarter (22.7%) of art buyers find new works of art via social media, which edged out museums (20%) and galleries (15.9%) as buyers’ primary source of discovery. Millennials are leading this change, with 44.3% of young millennials (ages 18–24) and 33.8% of older millennials (ages 25–34) saying they discover art on social media. Millennials are also increasingly buying art online, viewing the purchasing of art as both a long-term investment and a unique experience.
How Art Collectors Can Stay Out Of Tax Trouble In New York
After collecting $7.2 Million in two prominent cases, NYS Attorney General Eric Schneiderman will continue his campaign against missuse of Certificates to Purchase Art. Tips on How You Can Avoid Making the Same Mistakes
Invest in Female Artists Now, Says Auction Search Engine Barnebys
With women starting to rock the art market, auction search engine Barnebys says that now is the right time to invest in female artists.“A revolution that has taken centuries to arrive is und