30 September 2019

We are extremely proud to announce that a member of our Art & Cultural Property Law Group, Azmina Jasani, has been promoted to partner. Azmina is a dual qualified lawyer in England & Wales and New York, and a leading art law and luxury assets specialist with nearly a decade’s experience representing clients in the art and luxury sector. She is consistently ranked as a leader by both Chambers & Partners and Legal 500 in their High Net Worth and Art and Cultural Property Law categories. You can read more about Azmina’s appointment here.

Europe

South London pair jailed after selling £145,000 worth of antique ivory to overseas buyers on eBay: Guy Buckle, 62, and Sik-Hung Or, 73, of Champion Hill, SE5 were each sentenced to 28 months imprisonment at Inner London Crown Court on September 23. They pleaded guilty to three counts of illegally exporting ivory goods in breach of the Customs & Excise Management Act 1979.

27.09.2019, The Antiques Trade Gazette: South London pair jailed after selling £145,000 worth of antique ivory to overseas buyers on eBay 

How do you put a price on a Botticelli?: Works by the Renaissance master so rarely come to market that there are very few possible comparisons. The question has been on the mind of the art dealer Carlo Orsi, who brings just one work to Frieze Masters this year, namely Sandro Botticelli’s portrait of the Florentine-circle poet and soldier Michael Marullus Tarchaniota. 

26.09.2019, The Financial Times: How do you put a price on a Botticelli? 

New guidance for jewellery dealers after hallmark launched for jewellery stamped outside UK by Birmingham Assay Office: The Birmingham Assay Office began stamping jewellery in India in 2016 and following this move discussions took place between the assay offices in London, Birmingham, Sheffield and Edinburgh over what form the offshore mark should take.

26.09.2019, The Antiques Trade Gazette: New guidance for jewellery dealers after hallmark launched for jewellery stamped outside UK by Birmingham Assay Office 

Dispute over the Isleworth Mona Lisa goes to Italian courtrooms: The Court of Florence is dealing with a case involving the ‘Isleworth Mona Lisa’, a painting attributed to Leonardo, though with some uncertainty. Whilst the question of attribution is not the focus of this post, it should be noted that following a debate lasting for more than one century about the attribution of this painting, experts are divided between considering this artwork as the portrait of a young Lisa Gherardini made by Leonardo, later represented in the worldwide famous Mona Lisa on display at the Louvre museum in Paris, and others who consider this painting to be a copy after the latter.

25.09.2019, The Institute of Art and Law: Dispute over the Isleworth Mona Lisa goes to Italian courtrooms 

Despite Brexit, Britain is biggest lender to Louvre’s Leonardo blockbuster show: Britain will be the largest international lender to the Louvre’s Leonardo exhibition, marking the 500th anniversary of the artist’s death, when it opens on 24 October. Despite the looming Brexit deadline, the UK will send around 40 works, a quarter of the exhibition total, across the Channel to France for the show. 

25.09.2019, The Art Newspaper: Despite Brexit, Britain is biggest lender to Louvre’s Leonardo blockbuster show 

At the Eleventh Hour, France and Italy Finalize a Deal Over the Contested Loan of Leonardo da Vinci Works to the Louvre’s Blockbuster: France and Italy have struck an eleventh-hour deal so that major works will feature in the Louvre’s blockbuster Leonardo da Vinci exhibition next month. After much diplomatic back-and-forth, and with just four weeks to go before the show is due to open, the French culture minister met with his Italian counterpart in Paris on September 24, where they signed a new agreement.

25.09.2019, Artnet: At the Eleventh Hour, France and Italy Finalize a Deal Over the Contested Loan of Leonardo da Vinci Works to the Louvre’s Blockbuster

Cimabue: Long-lost €6m artwork found in elderly woman’s kitchen: A painting found hanging in an elderly woman’s home near Paris is a long-lost masterpiece by Florentine artist Cimabue, art experts say.

24.09.2019, BBC News: Cimabue: Long-lost €6m artwork found in elderly woman’s kitchen 

23.09.2019, Le Figaro: Cimabue: découverte exceptionnelle d’un inédit du maître italien à Compiègne 

Thieves Steal $2.2 Million in Loot From a French Castle: In the hours before dawn, six masked thieves crept into the private quarters of the 17th-century chateau Vaux-le-Vicomte. They made off with €2 million worth of loot.23.09.2019, Artnet: Thieves Steal $2.2 Million in Loot From a French Castle

United States

New Museum Union Plans To Strike If Contract Remains Unsettled: After months of tense contract negotiations between the New Museum and its union, 96 percent of union members voted yesterday to set a strike deadline if an agreement is not reached. 

27.09.2019, Artforum: New Museum Union Plans To Strike If Contract Remains Unsettled

Frieze’s Majority Owner, the Hollywood Colossus Endeavor, Is About to Go Public. What Does the IPO Mean for the Art-Fair Company?: Although the interplay between the private and public markets always matters in the art trade, it has been an especially noteworthy topic in recent months. First came the news in mid-June that Sotheby’s had reached an agreement in principle to return to private ownership thanks to a $3.7 billion sale to international telecom impresario Patrick Drahi. But just as one well-known art brand leaves the New York Stock Exchange, another intends to enter it. 

26.09.2019, Artnet: Frieze’s Majority Owner, the Hollywood Colossus Endeavor, Is About to Go Public. What Does the IPO Mean for the Art-Fair Company? 

Gagosian Continues Fight To Put An End To Billionaire Collector’s Suit Over Delayed Sculptures From ‘Perfectionist’ Jeff Koons: A legal battle that pits the collector Steven A. Tananbaum against Gagosian gallery and Jeff Koons’s studio over their alleged failure to deliver three works by the artist continues.23.09.2019, Art News: Gagosian Continues Fight To Put An End To Billionaire Collector’s Suit Over Delayed Sculptures From ‘Perfectionist’ Jeff Koons

World

Censorship during Rio de Janeiro’s Book Biennial was not upheld by Brazil’s Supreme Court: It might come as a surprise that a Marvel comic book for children could stir so much controversy to the point of having the mayor of one of Brazil’s largest cities ordering its seizure from a book fair, followed by a rushed lawsuit at the state courts and a subsequent ruling from the country’s Supreme Court countering the censorship attempt – but alas, this is precisely what happened at the Bienal do Livro (Book Biennial) at Rio de Janeiro earlier this month.

27.09.2019, The Institute of Art and Law: Censorship during Rio de Janeiro’s Book Biennial was not upheld by Brazil’s Supreme Court

Man who stole painting in broad daylight from Moscow museum is sentenced to three years in prison: A man who stole a valuable painting from the wall of Moscow’s State Tretyakov Gallery in broad daylight back in January has been sentenced to three years in a high-security prison. The ruling was handed down by Moscow’s Zamoskvoretsky District Court on Wednesday. The court is just blocks from the Tretyakov, which came under fire for lax security after surveillance footage showed the man, Denis Chuprikov, nonchalantly lifting Arkhip Kuindzhi’s Ai-Petri. Crimea (1898-1908). He walked through the crowded exhibition hall with it swinging by his side to no apparent reaction from members of staff.

27.09.2019, The Art Newspaper: Man who stole painting in broad daylight from Moscow museum is sentenced to three years in prison

Looted coffin acquired by Metropolitan Museum is headed back to Egypt: A looted gilded coffin that was removed from display this year at the Metropolitan Museum of Art is headed back to Egypt after a repatriation ceremony in New York attended by an Egyptian minister and a US Department of Homeland Security Investigations agent.

26.09.2019, The Art Newspaper: Looted coffin acquired by Metropolitan Museum is headed back to Egypt

Is the Art Market Headed for Another Recession?: Today, eerie comparisons to the pre-recession economic landscape of 2007 seem to be everywhere. Some economists have flagged a slowdown in real GDP growth, an inverted yield curve, and a pair of recent Federal Reserve interest-rate cuts as cause for concern. And with the knowledge of how quickly and severely the financial landscape can quake, some art-market veterans of the Great Recession are once again bracing for the possibility of a shake-up.

25.09.2019, Artnet: Is the Art Market Headed for Another Recession?

25.09.2019, The Art Newspaper: Global recession looms—but there’s a new twist 

More Than 200 Artworks by an Eminent Kazakhstani Art Collective Are Being Held Hostage by Unpaid Contractors: More than 200 works made by the celebrated Kazakh art collective Kyzyl Tractor were seized upon their return to Kazakhstan following an exhibition at Mana Contemporary in Jersey City. They are now sitting in a subcontractor’s warehouse while litigation is ongoing over a lack of payment.

24.09.2019, Artnet: More Than 200 Artworks by an Eminent Kazakhstani Art Collective Are Being Held Hostage by Unpaid Contractors

The Market for Chinese Art and Antiquities Sharply Declined in 2018: The seventh annual edition of the Global Chinese Art Auction Market report, a partnership between artnet and the China Association of Auctioneers (CAA), shows that global auction sales of Chinese art and antiques in 2018 totaled $6.4 billion—a 10 percent drop compared with 2017 totals.24.09.2019, Artnet: The Market for Chinese Art and Antiquities Sharply Declined in 2018

NOTE: Please note that most excerpts come from the original publication and any credit must go to the author of the publication, not to Constantine Cannon LLP.  Any views or opinions expressed in the excerpts and/or articles belong solely to the author of the publication.  Constantine Cannon LLP does not approve or endorse any view or opinion contained therein.  Due to some copyright restrictions, please doot redistribute this email without our consent.  Should you like to include someone in the mailing list, please let us know.  We will be happy to do it! If you do not wish to receive the Art Law News Update, please unsubscribe through the link below.