11 May 2021

Art@Law | Constantine Cannon

Europe

Struggling nightclubs in Germany will be recategorized as cultural institutions: Clubs in Germany could enjoy some of the same legal rights as museums and other cultural venues. The German government decided on Friday to proceed with a motion that would designate music clubs and live venues as cultural facilities.

07.05.2021, Artnet: Struggling nightclubs in Germany will be recategorized as cultural institutions

United States

Sotheby’s is selling the first NFT ever minted—and bidding starts at $100: Whether or not NFTs represent a bubble about to burst or the future of the art market, Sotheby’s New York is renewing its commitment to the genre with its first curated NFT sale, “Digitally Native,” headlined by Kevin McCoy’s historic Quantum (2014), the first NFT ever minted.

07.05.2021, Artnet: Sotheby’s is selling the first NFT ever minted—and bidding starts at $100 

As a Sotheby’s auction looms, scholars protest Newark Museum of Art’s plan to sell a Thomas Cole painting and other works: An open letter signed by more than 50 art historians, curators and researchers was submitted to the Newark Museum of Art protesting its plan to sell works from its collection, most prominently Thomas Cole’s 1846 painting The Arch of Nero, organisers say.

07.05.2021, The Art Newspaper: As a Sotheby’s auction looms, scholars protest Newark Museum of Art’s plan to sell a Thomas Cole painting and other works

10.05.2021, Artnet: Historians say the Newark Museum’s Plan to deaccession art at Sotheby’s will inflict ‘Irreparable Damage’

Crypto-creep accelerates as Sotheby’s accepts Ether and Bitcoin for $5m Banksy painting: The sale this month will be the first time the auction house has accepted cryptocurrency as payment for a physical work of art.

04.05.2021, The Art Newspaper: Crypto-creep accelerates as Sotheby’s accepts Ether and Bitcoin for $5m Banksy painting

U.S. Government seeks forfeiture of Roman statue that was allegedly en route to Kim Kardashian: A newly filed lawsuit reveals that, in 2016, the U.S. government seized an ancient Roman statue that was allegedly being delivered to Kim Kardashian.

04.05.2021, Art News: U.S. Government seeks forfeiture of Roman statue that was allegedly en route to Kim Kardashian

Egon Schiele work restituted by museum Ludwig to sell at Sotheby’s: A 1917 watercolor by Egon Schiele that was recently restituted by Colonge’s Museum Ludwig will be sold during Sotheby’s Impressionist and modern art evening sale on May 12 in New York. It is expected to fetch a price of $2.5 million–$3.5 million and is being offered with a guarantee.

04.05.2021, Art News: Egon Schiele work restituted by museum Ludwig to sell at Sotheby’s

World

Contract Killers: artist Nancy Baker Cahill challenges the efficacy of the ‘smart contracts’ behind NFTs with an augmented reality project: Where, in the pixelated world of NFTs, are the repercussions for breaking contracts, for going back on your word? Therein lies the crux of Contract Killers, a forthcoming project by Nancy Baker Cahill. The artist has partnered with the technology studio Snark art, open source blockchain platform Tezos, to create an augmented reality series that points out not only the deficiencies between owners and creators of NFT’s but also to the greater imbalance of power and lack of trust that underlays society.

07.05.2021, The Art Newspaper: Contract Killers: artist Nancy Baker Cahill challenges the efficacy of the ‘smart contracts’ behind NFTs with an augmented reality project

Anyone can identify and report stolen art instantly with new Interpol app: Interpol launched a new mobile phone app that lets users search and identify stolen art pieces using image-recognition software, a tool authorities hope will help recover lost artwork and prevent trafficking.

06.05.2021, Forbes: Anyone can identify and report stolen art instantly with new Interpol app

Japan reworks tax structure in push to become arts hub: Japan has altered its tax laws to encourage galleries and fairs to expand into the country, and is seeking other paths to becoming competitive in the global art market, Nikkei Asia reports. The effort comes as Hong Kong, a major arts hub on par with New York and London, grapples with increased use of a national security law that could have a chilling effect on artistic expression.

04.05.2021, Artforum: Japan reworks taw structure in push to become arts hub

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