Category Archives: Art Transactions

U.S. Court of Appeals Finds The Met is Rightful Owner of Picasso’s The Actor

Posted on: July 12, 2019 by Stephanie Drawdy

The great-grand niece of a Jewish couple from Cologne, the Leffmanns, has again received an adverse ruling in a New York federal case in which she seeks possession of a painting sold by the Leffmanns after Nazi-rule necessitated their departure from Germany. In its June 26, 2019 decision, the Second Circuit Court of Appeals upheld […]

Changes to the Artist’s Resale Right regime in Italy

Posted on: July 10, 2019 by Eleonora Chielli

Eleonora Chielli is a partner at Chielli Law Firm, member of the Bar Association in Venice and lecturer in Art Law at Istituto Europeo di Design. The Guidelines issued on 1 February 2019 clarified the way in which SIAE (Società Italiana degli Autori ed Editori), the Italian equivalent to DACS, who is entitled to collect […]

New Money Laundering Directive – plans for the UK

Posted on: June 17, 2019 by Emily Gould

Readers may recall our post a few months ago focused on the problem of money laundering in the art trade, and in particular, the adoption by the European Parliament of the Fifth Anti-Money Laundering Directive (5MLD), to be implemented by Member States by 10th January 2020. In anticipation of the implementation in the UK, the Government, […]

Ownership of Nazi-Plundered Pissarro Goes to Spanish Foundation

Posted on: May 14, 2019 by Stephanie Drawdy

It’s a rainy winter day in Paris, 1897. A distinguished gentleman is standing at his easel with the curtains drawn, his eyes surveying the street below. As a painter myself, I like to imagine the excitement the Impressionist Master Camille Pissarro felt as he envisioned the composition of the scene that would become Rue Saint-Honoré, Après-midi, […]

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 […]

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 […]

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 […]

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 […]

Berkshire Museum Deaccession Nears Completion

Posted on: August 30, 2018 by Hélène Deslauriers

After more than a year of press coverage, protests and condemnation of the Berkshire Museum Board of Trustees, the Berkshire Museum’s deaccession of 40 works from its collection is nearing completion. In addition, the Board of Trustees finally came to an agreement with the Attorney-General of Massachusetts. Here are the salient points: The Attorney General is […]