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. […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
Posted on: January 16, 2020 by Julia Rodrigues Casella Hommes
As we leave behind the festive season, the latest issue of Art Antiquity & Law has just been released in time for you to start the new year with the latest in-depth analyses from the world of art and cultural heritage law. Adam Jomeen writes about street photography and compares the legal treatments afforded to […]
Posted on: January 10, 2020 by Julia Rodrigues Casella Hommes
Important changes are imminent for the art market as the 5th EU Anti-Money Laundering Directive enters into force in the UK this Friday, the 10th of January 2020. The directive has been hurriedly transposed into UK law through the Money Laundering and Terrorist Financing (Amendment) Regulations 2019, which were laid before Parliament on the 20th […]