Greece Puts International Pressure on British Museum to Return Parthenon Sculptures: High-profile lawyer Amal Alamuddin-Clooney may no longer be on the case, but that doesn’t mean that Greece has abandoned its efforts to repatriate the Parthenon sculptures. Now, nearly 200 years after the British government purchased the marbles from Thomas Bruce, the seventh Earl of Elgin, Greece is hoping to harness the power of public opinion to pressure the UK into returning the iconic works, reports the Guardian.
09.05.2016, Artnet News: Greece Puts International Pressure on British Museum to Return Parthenon Sculptures
08.05.2016, The Guardian: Greece looks to international justice to regain Parthenon marbles from UK
Ancient Egyptian statue of Sekhemka disappears into private collection in ‘moral crime against world heritage’: An Ancient Egyptian statue described as an “irreplaceable masterpiece” has now probably left the UK after its sale for nearly £16m by a British museum to a mysterious private collector, campaigners have said.
France returns Nazi-stolen Degas drawing to rightful owners: France has returned to its rightful owners a drawing by Edgar Degas that was stolen by the Nazis from its Jewish owner in 1940. In a moving ceremony in Paris Monday, Culture Minister Audrey Azoulay said that “Trois danseuses en buste” — a late 19th-century charcoal sketch of three ballerinas — was found in 1951 in a cupboard in the Occupation-era German Embassy. It had since remained unclaimed in the Louvre.
09.05.2016, CBC News: France returns Nazi-stolen Degas drawing to rightful owners
05.05.2016, Connaisance des arts: Un dessin de Degas restitué à ses ayants droits
Ezzy Nahmad: “If the Gentleman Can Prove Rightful Ownership, I Will Gladly Give Him the Painting”: The Jewish Voice had previously reported on the burgeoning dispute over a precious 1918 Amedeo Mogdalini painting “Seated Man With a Cane.” The grandson of Oscar Stettiner continues to seek redress.
04.05.2016, The Jewish Voice: Ezzy Nahmad: “If the Gentleman Can Prove Rightful Ownership, I Will Gladly Give Him the Painting”
Revision of the Swiss Copyright Act: Proposed Introduction of a Lending Right Causes a Stir: The Swiss Copyright Act (SCA) is currently under revision. On 11th December 2015, the Swiss Federal Council published the draft legislation and the explanatory notes. The proposed introduction of a lending right for art works in art. 13 para. 1 SCA caused a stir throughout the art market.
03.05.2016, Institute of Art and Law: Revision of the Swiss Copyright Act: Proposed Introduction of a Lending Right Causes a Stir
German Art Rejected by Nazis Is Embraced in Israel: The 50 paintings in “Twilight Over Berlin: Masterworks from the Nationalgalerie, 1905-45,” many of them labeled degenerate by the Nazis, have become a cause célèbre since the show opened at the Israel Museum here in October.
05.05.2016, International New York Times: German Art Rejected by Nazis Is Embraced in Israel
Van Gogh Museum Wants to Share Its Expertise, for a Price: The Van Gogh Museum here has started a program to offer its professional services to private collectors, corporations and other institutions. It says the move could create a new revenue stream as a hedge against declining government financing and global events like terror attacks that could have an effect on visitor numbers.
04.05.2016, International New York Times: Van Gogh Museum Wants to Share Its Expertise, for a Price
06.05.2016, Artnet News: Van Gogh Museum Offers Advice to Collectors in Bid to Raise Funds
Italy spends €1bn in historic boost for cultural heritage: The Italian government announced yesterday, 2 May, that it is allocating €1bn to major restoration and building projects at 33 museums, monuments and archaeological sites across the country, including Pompeii, the earthquake-stricken city of L’Aquila and the Uffizi galleries in Florence. The culture minister Dario Franceschini described the funding, which will continue until 2020, as the “biggest investment in cultural heritage” in Italy’s history.
03.05.2016, The Art Newspaper: Italy spends €1bn in historic boost for cultural heritage
05.05.2016, Artnet News: Italy Announces Historic $1.1 Billion Cultural Infrastructure Investment
The digitisation of the art market?: The 4th Hiscox report 2016, recently published, offers a few key figures for understanding the dynamics of the online art market. In this digital and e-commerce era, the art market is also becoming dematerialised, despite its long-time resistance of the trend due to the specificity of artworks whose appraisal is inseparable from provenance, uniqueness, and production conditions. The online art market is relatively recent and now enjoying strong growth. Does it however threaten the traditional market by competing against it?
09.05.2016, AMA: The digitisation of the art market?
Art Demystified: Art Auctions and Minimum Price Guarantees: How do auction houses operate today? The reality is that amid greater competition for consignments, auction houses have developed a number of complex financial arrangements to secure top-level works. One such arrangement is a minimum price guarantee.
06.05.2016, Artnet News: Art Demystified: Art Auctions and Minimum Price Guarantees
Protecting Cultural Heritage, One Act at a Time: The week, President Obama signed the Protect and Preserve International Cultural Property Act (H.R. 1493/S. 1887) to close the U.S. market to plundered Syrian antiquities. Heroes for heritage, Representatives Eliot Engel and Edward Royce, proposed this legislation to comply with United Nations Security Council Resolution 2199.
05.05.2016, Huffington Post: Protecting Cultural Heritage, One Act at a Time
FBI Raids Home of Suspect in Unsolved Boston Art Heist: On the morning of March 18, 1990, Rembrandt’s The Storm on the Sea of Galilee (along with twelve other works) was stolen from the Isabella Stewart Gardner Museum in Boston. The theft, which rendered losses well over $500 million, remains unsolved for a quarter century—but a promising lead has recently taken the FBI to a sleepy town in Connecticut.
03.05.2016, Artnet News: FBI Raids Home of Suspect in Unsolved Boston Art Heist
04.05.2016, Art Law Report : FBI Returns to House Where it Did Not Find Gardner Museum Art Before, Does Not Find Gardner Museum Art There
03.05.2016, Blouinartinfo: Marisol Has Died, FBI Searches Mobster’s Home for Art From Isabella Stewart Gardner Heist, and More
Real estate mogul Aby Rosen reaches $7m tax settlement: The New York Attorney General, Eric Schneiderman, announced yesterday (3 May) a $7m settlement with the New York-based real estate developer and art collector Aby Rosen “for failing to pay millions in sales and use taxes”. Schneiderman alleges that, between 2002 and 2015, Rosen bought or commissioned more than 200 works of art (through two companies) for at least $80m—but failed to properly pay the applicable tax.
04.05.2016, The Art Newspaper: Real estate mogul Aby Rosen reaches $7m tax settlement
04.05.2016, Artnet News: Aby Rosen To Pay $7 Million To Settle Art Tax Dodge Investigation
03.05.2016, Forbes: Aby Rosen To Pay $7 Million In Tax Settlement On Art Purchases
Wu-Tang Clan Settles Artist’s Copyright Complaint Over Album Cover: Artist Jason Koza has settled his legal complaint against Robert “RZA” Diggs, the leader of Staten Island rap outfit Wu-Tang Clan, which allegedly used his artwork without authorization.
05.05.2016, Artnet News: Wu-Tang Clan Settles Artist’s Copyright Complaint Over Album Cover
Art Buyers Face Scrutiny as New York Kicks Off Tax Probe: Art dealers and collectors are coming under increasing scrutiny for offenses from fraud to tax evasion, with New York’s top cop kicking off his own campaign against tax cheats on Tuesday.
03.05.2016, Bloomberg: Art Buyers Face Scrutiny as New York Kicks Off Tax Probe
03.05.2016, Wealth Management: Art Collectors Under Scrutiny in New York Tax Probe
10.05.2016, Forbes: How Art Collectors Can Stay Out Of Tax Trouble In New York
Jeff Koons Unveils First Live-Action Video Work with Google: Jeff Koons wants everybody to have a piece of his art, and he’s working with the biggest tech giant to do it. At a recent private event jointly hosted by Koons and Google, the powerhouses announced a collaboration that they’ve been touting as “Koons X Google.”
10.05.2016, Artnet News: Jeff Koons Unveils First Live-Action Video Work with Google
From drones to fair use: the hottest topics in museum law: New media, copyright law and museum ethics were among key issues raised at the American Law Institute’s annual course on museum law, co-sponsored by the Smithsonian Institution in Los Angeles, between 6 and 8 April. Museums’ policies toward drones came up too.
10.05.2016, The Art Newspaper: From drones to fair use: the hottest topics in museum law
Case in Point: The fine art of financing art: As an asset, art has unique risks. It’s a heterogeneous, highly subjective and illiquid good sold on a segmented and near-monopolistic market that pays no dividends. The unique nature of art as an asset also means it has unique risks caused by incorrect attribution, fakes, theft and physical damage. And the cost of trading at auctions is high, while rapid liquidations in the private market may result in fire-sale discounts. Should traditional or private banks lend against such collateral?
07.05.2016, The Washington Post: Case in Point: The fine art of financing art
The Ins and Outs of Stolen Art, Explained: Art dealer Kenneth Hendel recently found himself in a sticky situation: He was in possession of stolen art. The Florida-based dealer purchased a painting by Picasso after it failed to sell at auction. After the purchase, Wilma “Billie” Tisch, the rightful owner, discovered the painting’s whereabouts and demanded its return. Hendel claims that he is now the rightful owner.
07.05.2016, Artsy: The Ins and Outs of Stolen Art, Explained
05.05.2016, Observer: How Not to Buy Stolen, Looted or Forged Art
What To Expect from the Release of the Panama Papers Searchable Database: For many journalists and anti-corruption activists around the world Monday, May 9 is D-Day. That is the date the International Consortium for Investigative Journalists (ICIJ)—a global network of more than 190 investigative journalists in 65 countries that, per the organization’s website, focuses on “cross-border crime, corruption, and the accountability of power”—makes public the largest-ever disclosure of information about shadowy offshore companies and the people behind them.
09.05.2016, Artnet News: What To Expect from the Release of the Panama Papers Searchable Database
Growing pains for Singapore art market: With the recent closure of a commercial art museum and the exit of several art galleries and art fairs from Singapore over the last two years, a persistent cloud of gloom seems to hang over the art market here.
09.05.2016, Straits Times: Growing pains for Singapore art market
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