Category Archives: Art Transactions

New guidance from UK Government on money laundering risks for the art trade

Posted on: July 20, 2021 by Emily Gould and Alyssa Weitkamp

On 28th June, the UK Government published further guidance on the application of anti-money laundering (AML) rules to the UK art trade. As many readers will be aware, since January 2020, anti-money laundering regulations have applied to art market participants, or AMPs (traders or intermediaries involved in the sale or purchase of works of art […]

NFTs – contemplating copyright and contract conundrums (part II)

Posted on: June 2, 2021 by Emily Gould

In our post last week, we explored some of the copyright issues raised by recent stories from the world of NFTs. Today, we turn our focus to matters of contract law. How can we address the challenges posed by contractual mechanisms unfamiliar to many in the art world? And where we might look for answers […]

NFTs – contemplating copyright and contract conundrums (part I)

Posted on: May 28, 2021 by Emily Gould

It hardly seems possible that the now world-famous sale of Beeple’s ‘Everydays’ NFT at the eyewatering price of $69 million happened less than three months ago. The sale was still underway when we first offered a few thoughts on the explosion of NFTs onto the mainstream art market. Bidding was at what now feels like […]

Lights out for Fairlight – Court of Appeal upholds High Court decision in dispute over alleged Frans Hals painting

Posted on: December 14, 2020 by Emily Gould

An intriguing and long-running saga involving an alleged Old Master painting, a London art dealer, a US investor and an international auction house appears to have reached its conclusion. For those following the case of Sotheby’s v Weiss Limited and Fairlight Art Ventures LLP, with all its twists and turns, the latest (and possibly the […]

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 […]

Cassirer heirs may challenge ruling favoring Spanish foundation over Nazi-plundered Pissarro

Posted on: October 26, 2020 by Stephanie Drawdy

The Cassirer heirs recently received another negative ruling in their lawsuit to recover a Nazi-looted painting by French Impressionist Camille Pissarro, but this case has not yet ended. The heirs indicated their intent to request a rehearing of the Ninth Circuit’s holding that, under Spanish law, title to the Pissarro is rightly held by the […]

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 […]

Latest issue of Art Antiquity & Law available now

Posted on: September 8, 2020 by Julia Rodrigues Casella Hommes

We are pleased to announce that the latest issue (Vol XXV, 2) of our journal Art Antiquity & Law is available now, please see below for details on subscriptions and access.  Paul Kearns provides the readers with a comprehensive panorama of the international legal regulations on freedom of artistic expression, a fundamental but much overlooked and […]

Gurlitt trove eludes restitution efforts owing to unresolved provenance questions

Posted on: July 1, 2020 by Stephanie Drawdy

The full story of the billion-dollar art collection gathered by Nazi art dealer Hildebrand Gurlitt during World War II may never be told. After years spent trying to determine the collection’s history, the prior owners of a large majority of those works remain unknown. This is a story we have followed with interest throughout its […]

Recent report on the illicit antiquities trade receives mixed response

Posted on: June 10, 2020 by Charlotte Dunn

A UNESCO-backed research project into the illicit trade in cultural property in Germany has recently released its final report. The ‘ILLICID Project’, launched by the German Federal Ministry of Education and Research, aimed to increase understanding of illicit trafficking networks and financial flows linked to organised crime and terrorism. However, the findings of the final […]