Category Archives: Art Market

Court of Appeal confirms $10m commission on Gauguin sale

Posted on: May 17, 2019 by Michael Bowmer

On 14 May 2019 the Court of Appeal of England and Wales (Lewison LJ, Lindblom LJ, Rose LJ) unanimously dismissed the appeal by Ruedi Staechelin and his fellow trustees against the decision of Morgan J dated 16 January 2018. By his judgment Morgan J had held that a commission of US$10 million was payable to […]

Is it ‘buyer beware’ or must dealers play fair?

Posted on: March 1, 2019 by Julia Rodrigues Casella Hommes

As the art world gears up for another round of TEFAF to take place next month in Maastricht, we are faced with the unfortunate outcome involving the sale of two Old Master paintings during last year’s fair. The paintings, sold by the renowned London-based gallery Richard Green, were a river landscape by Jan Brueghel the […]

Study Forum in London and Upcoming Talks

Posted on: February 26, 2019 by Kiri Cragin Folwell

Thanks to everyone who joined us at our sold out study forum on Saturday. Held at Notre Dame University in London, we were fortunate to hear a variety of presentations from specialists in art and cultural heritage law. The first talk of the day was on auction houses and third party guarantees. Christine Burron, the […]

Tightening the screws against money laundering – will the art world be hung out to dry?

Posted on: February 4, 2019 by Emily Gould

It is rare that the somewhat dry and complex topic of anti-money laundering regulation hits the headlines in the art world. Introduce an A-list celebrity and a couple of paintings by names such as Basquiat and Picasso, however, and the stakes are raised. In June 2017 the online forum artnet news reported on an investigation […]

Art, AI and copyright

Posted on: November 9, 2018 by Alexander Herman

A big splash was made when a lot sold at Christie’s New York last month for $432,500. That sort of amount is usually small change for the major international auction house, but not when it comes to a particular sort of artwork: one made by artificial intelligence (or AI). In fact, this was reported to […]

A shredded Banksy…but still a Banksy?

Posted on: October 11, 2018 by Emily Gould

Following the excitement of the sale of the self-destructing Banksy last Friday night about which we reported on Monday, it has all gone rather quiet. We half-expected to hear more, perhaps from the aggrieved purchaser or maybe even from those ‘in the know’ to reassure us that it had all been one big hoax. Maybe […]

Banksy’s latest artwork: self-destruction

Posted on: October 8, 2018 by Alexander Herman

On Friday night in London, Sotheby’s auctioned off a ‘unique’ version of Banksy’s famous image of a young girl reaching for a red balloon. It was the last lot of the Contemporary Art auction in an important week for the London art market, with Frieze London having opened earlier that day. But just as the […]

Update on the US – China Trade War and its implications to the art world

Posted on: September 23, 2018 by Julia Rodrigues Casella Hommes

In a welcome development, it has been reported by the Art Newspaper earlier this week that Chinese art and antiques will no longer be subject to the increased tariffs we had discussed here in the ongoing trade war between the US and China. This is the result – at least in part – of the […]

The US – China Trade War… and why it matters for the art world

Posted on: September 6, 2018 by Julia Rodrigues Casella Hommes

In the latest of a series of controversial decisions for which the Trump administration has become renowned, the US Government has raised the stakes in the ongoing trade war with China with the result that 25% tariffs are now being applied on what is reported to be $16bn worth of imports on both sides. At […]

Crowdfunding allows Swiss to retain a Picasso

Posted on: August 2, 2018 by Hélène Deslauriers

In December 2017, a Swiss crowdfunding website, Qoqa, offered visitors to the site the opportunity to purchase a Picasso painting, Le Buste du Mousquetaire (1968).   For three months, a careful and efficient campaign was mounted, culminating in a victory, with sufficient funds raised to buy the Picasso. Le Buste du Mousquetaire now belongs to the Swiss people.  […]