Tag Archives: art market

Art Authentication: Interview with Denis Moiseev of Hephaestus Analytical

Posted on: January 29, 2024 by agata.becker

Art transactions continue to be plagued by forgeries, and trust alone among the various players is not sufficient to prevent damage to the market. Art authentication has always been a critical aspect of the art world, but it can often be unclear and confusing, as determining provenance and legitimacy are constant concerns. Recently, we at […]

Art Antiquity and Law – December Issue

Posted on: January 4, 2024 by Ruth Redmond-Cooper

Hard copies of the final issue of 2023 Art Antiquity and Law should be arriving with subscribers very soon – online subscribers should be able to access it shortly. In this issue we have an analysis of ‘Resale Restrictions in the Contemporary Art Market’: Aaron Taylor (Barrister, Fountain Court Chambers; Visiting Research Fellow, Goldsmiths, University […]

Exploring Artist’s Resale Right in Latin America’s Growing Art Market

Posted on: October 30, 2023 by Laura Villarraga Albino

The recent report from DACS reveals that since 2006, almost £120 million in Artist’s Resale Right (ARR) royalties have been distributed to over 6,023 artists and heirs in the UK. ARR plays a significant role in the UK’s art ecosystem, contributing directly to artists’ practice and their legacies with minimal impact on art market participants. […]

High Court dismisses claim over sale of Chardin painting

Posted on: December 13, 2022 by Michael Bowmer

The High Court has dismissed a multi-million pound negligence claim [Feilding & Anor. v. Simon C. Dickinson Limited [2022] EWHC 3091 (Ch)] brought by the Countess of Wemyss and her co-trustee against an art dealer over the sale of the painting “Le Bénédicité” by Jean-Baptiste-Siméon Chardin. The painting had been acquired by the Countess’s ancestors in […]

UK’s Ivory Act 2018 finally in force

Posted on: June 16, 2022 by Emily Gould

It’s probably fair to say that not all of our predictions for 2022 in our traditional inaugural blog post of the year have yet come to fruition – or indeed, will do so before the year is out. On one topic, however, we called it right: that this year would finally see the UK’s Ivory […]

US Treasury Study on Money Laundering Risks in Art Trade

Posted on: April 21, 2022 by Alyssa Weitkamp

On February 4, 2022, the United States Treasury Department released its Study on the Facilitation of Money Laundering and Terror Finance Through the Trade in Works of Art. In this Study, the Treasury Department goes through the basics of money laundering in the art world, the particular risks the art world presents for money laundering, […]

NFTs – a flash in the pan or a sign of things to come?

Posted on: March 9, 2021 by Emily Gould

Another week, another acronym for the art world. In the past year or so, whilst many AMPs (art market professionals) have grappled with getting to KYC (know your customer) in compliance with new AML (anti money-laundering) rules, they have also been faced with moving from the bustling world of art fairs and high street galleries […]

High Court orders London gallery to provide information about stolen Signac

Posted on: November 3, 2020 by Michael Bowmer

A Norwich Pharmacal order was recently made against a London gallery requiring it to disclose information concerning a painting which the claimant contended had been stolen from her. In doing so the court refused to accept the argument on behalf of the gallery that no order should be made on account of the custom and […]

Adapting to the new normal – challenges for the art market

Posted on: October 19, 2020 by Emily Gould

The opening of a ‘virtual’ Frieze week in London earlier this month was a reminder of both the significant challenges Covid-19 has posed to the art market, and the innovative and creative responses which have emerged. In contrast to the usual spectacle of bustling crowds cramming into marquees in London’s Regent’s Park, Frieze London 2020 […]

UK Guidance on Anti-Money Laundering released for the art market

Posted on: March 10, 2020 by Julia Rodrigues Casella Hommes

The highly anticipated guidance on implementing and complying with the new anti-money laundering rules for the art trade was finally released a few weeks ago. The lengthy document, which totals over 100 pages, was in fact prepared by the British Art Market Federation (BAMF), and has received formal approval by the HMRC. As such, it […]