18 May 2020

Art@Law | Constantine Cannon

Europe

Italian museums start to reopen from today after €55bn lifeline from government: Italy’s museums have taken a financial blow over the past 70 days of closure, but the government threw them a lifeline with measures included in a €55bn “Decreto Rilancio” (relaunch decree) national spending package announced on Wednesday. There was more good news over the weekend. Museums had been told they may be able to reopen from today, and, on Saturday evening, Culture Minister Dario Franceschini gave the green light. 

18.05.2020, The Art NewspaperItalian museums start to reopen from today after €55bn lifeline from government 

Les salles de ventes [Françaises] autorisées à rouvrir: Nicole Belloubet, ministre de la Justice et Garde des Sceaux « a été déterminante pour inscrire les salles des ventes dans la liste des activités économiques de nouveau autorisées [dans le décret du 11 mai] », indique Henri Paul, le Président du Conseil des ventes volontaires (CVV), dans une lettre adressée ce week-end à tous les opérateurs. Ces derniers sont ainsi officiellement autorisés à rouvrir leurs espaces et par là même à démarrer la reprise de leur activité.  

18.05.2020, Le Journal des ArtsLes salles de ventes [Françaises] autorisées à rouvrir 

UK galleries anticipate a June reopening as museums remain shut: Prime Minister Boris Johnson’s new plan for reopening the British economy, which was broadcasted on May 11, has been met with confusion and frustration across the United Kingdom due to its vague and contradictory language pertaining to when people can return to work. For some in the art industry, however, it could mean good news. While Johnson did not specifically mention galleries when he announced that schools and select shops may be able to open as early as June 1, trade associations who have been lobbying the government to issue guidelines as it lifts the lockdown confirmed that it will recognize galleries and auction houses as “non-essential retail.”  

13.05.2020, ArtforumUK galleries anticipate a June reopening as museums remain shut 

12.05.2020, The Art NewspaperUK galleries and auction houses can reopen from 1 June, government says 

United States

Mayors of major US cities urge Congress to provide additional support for the arts and culture sector: As the arts and culture sector in the US continues to face huge economic losses due to the impact of the coronavirus (Covid-19) pandemic, more than 20 mayors of major US cities are urging Congress to provide additional funding and support for the sector in its next relief package. 

14.05.2020, The Art NewspaperMayors of major US cities urge Congress to provide additional support for the arts and culture sector 

13.05.2020, Artnet: Two dozen mayors from across the US are urging Congress to send urgently needed funding for the arts in its next relief package 

NADA is launching a new online fair for 200 dealers who will put 20% of their proceeds into a shared pot: In an effort to drum up business for its member galleries and develop a new business model in the meantime, the New Art Dealers Alliance (NADA) is launching a new profit-sharing virtual fair this month.  

14.05.2020, Artnet newsNADA is launching a new online fair for 200 dealers who will put 20% of their proceeds into a shared pot 

14.05.2020, ArtforumNADA’s new profit-sharing digital art fair to launch next week 

Multi-million dollar collection remains with the Netherlands after heirs lose U.S. and Dutch claims: Efforts to recover an art collection sold in the Netherlands during Nazi reign have met with a fruitless end – yet again. A U.S. District Court recently decided that the sale of the collection constituted a “genocidal taking” involving duress in violation of international law. However, the alleged heir to the collection was found not to satisfy a host of prerequisites necessary to proceed. The time to appeal that decision has passed, and the case has closed. 

13.05.2020, Institute of Art and LawMulti-million dollar collection remains with the Netherlands after heirs lose U.S. and Dutch claims 

World

Sotheby’s launches hybrid format combining elements of auctions and private sales: Billed as “a silent auction combining the discretion of a private sale with the dynamism of an auction”, the initiative is aimed at appealing to Asian art buyers in particular. The first sale using this format opened on Saturday and Sotheby’s described it as “a tailor-made solution to meet collectors’ needs in this rapidly evolving market”. 

16.05.2020, The Antiques Trade GazetteSotheby’s launches hybrid format combining elements of auctions and private sales 

Christie’s launches major cross-continental Modern art sale using live streaming with bidders in the room where permitted: Using streaming technology, it will take place in real-time across four locations – New York, London, Paris and Hong Kong – with an auctioneer on the rostrum at each venue. 

15.05.2020, The Antiques Trade GazetteChristie’s launches major cross-continental Modern art sale using live streaming with bidders in the room where permitted 

15.05.2020, Art Market MonitorChristie’s announces one-day four-city global auction in July with $85m in headline lots

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