Posted on: June 9, 2023 by Stephanie Drawdy
The US Senate Judiciary Committee’s Subcommittee on Privacy, Technology, and the Law held a hearing in May 2023 on “Oversight of AI: Rules for Artificial Intelligence”. During that hearing, OpenAI CEO Sam Altman testified about the myriad of issues raised by generative AI. Certainly content creators/owners “need to benefit from this technology”, Altman offered. But […]
Posted on: May 11, 2022 by Emily Gould
The NFT space is commonly characterised as a ‘Wild West’, where anything goes and legal controls are minimal. A recent decision of the UK High Court suggests that the law’s lasso of control is at least starting to bring some order to the purported chaos. In a case involving the alleged theft of two NFTs […]
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 […]
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 […]
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 […]