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And Now DAO: Investing in Art In a New Age

Date posted: April 7, 2023

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In recent years, the Italian government has had ma

In recent years, the Italian government has had many victories in tracking down art thieves. On May 24, 2023, Carabinieri police arrested sixteen people and recovered 3,500+ ancient Greek and Roman artifacts. Among the artifacts are coins, jewelry, plates, cups, jars, and miniatures dating from the 4th century BC to the 3rd century AD, which have significant historical, artistic, and commercial value. The items will be showcased at the Museum of Rescued Art inaugurated in 2022 in Rome before returning to their origins.

The arrested face charges including criminal conspiracy, illegal digging, theft, trading in stolen goods, and illegal export of goods.

Image credit: ARTnews AP PHOTO/ALESSANDRA TARANTINO
Read more via link in our bio.
#carabinieri #culturalheritage #italy #museum of rescued art #CenterForArtLaw

Introducing Stanley Bulua, our keynote speaker for

Introducing Stanley Bulua, our keynote speaker for our next Artist Legacy and Estate Planning Clinic on June 21st! 💡

About the speaker:
Stanley Bulua has been practicing law for more than 40 years and concentrates in the areas of ESOPs, estate planning, estate administration and income tax.

In the estate planning area, Stan has advised his clients with respect to the use of sophisticated trust and estate planning techniques involving both lifetime and testamentary transfers. These techniques have included the use of complex wills, irrevocable trusts, qualified personal residence trusts, grantor retained annuity trusts, defective grantor trusts, charitable remainder trusts, family limited partnerships and limited liability companies. Stan has also represented executors and trustees in the administration of trusts and estates and is well versed in advanced post-mortem techniques of estate administration.

Stan’s ESOP practice involves the design, structure, negotiation, and documentation of complex ESOP transactions involving bank financing, seller financing through subordinated notes and warrants, stock redemption agreements, stock purchase agreements and ESOP exempt loan documents. He has vast experience in the design and implementation of ESOPs to deal with a broad range of business succession issues. Stan also has significant experience advising ESOP-owned companies on matters involving corporate governance and fiduciary responsibilities and has successfully represented ESOP companies and fiduciaries in connection with proceedings involving the U.S. Department of Labor and the Internal Revenue Service. Stan is well recognized in the ESOP area and has lectured to professional groups on many aspects of ESOP practice.

For income taxation, Stan advises individuals, partnerships, trusts, limited liability companies and corporations on income tax issues affecting their operations and businesses. He has also represented individuals and entities on contested tax matters.

Register for the clinic via the link in our bio!

#Artists #Art #Law #ArtLaw #Legacy #EstatePlanning #CenterForArtLaw

An artist’s job is to create. While less glamoro

An artist’s job is to create. While less glamorous, the business of art is a necessity, permitting creatives to sustain their careers and plan for legacy—historically and financially. Join the Center for Art Law with Darlene Bialowski, Principal of Darlene Bialowski Art Services, LLC as we discuss various strategies and collections management techniques for artists.

The workshop will also focus on different archiving, registrarial approaches, and business and estate planning for artists—and allied professionals—helpful regardless of the stage in career in which one operates.

About the Speaker:
Darlene Bialowski, principal of Darlene Bialowski Art Services, LLC, has been in the museum and cultural heritage preservation field for more than 25 years working as a Curatorial Assistant at Memorial Hall Museum in Deerfield, MA; to being the sole Registrar for the then four Springfield Museums in Springfield, MA as well as overseeing two satellite exhibition sites at Smith & Wesson’s headquarters and its Shooting Academy; to being an independent contract Registrar.

She is also an author, lecturer and co-founder and President of the non-profit Collections Care & Conservation Alliance, an Immediate past President of Red Arch Cultural Heritage Law & Policy Research as well as a past President of the Center for Painted Wall Preservation. Darlene sits as a Consultant on both non-profit boards. Darlene is also an accredited member of the Appraisers Association of America with her appraisal specialties in fine and decorative arts. With her extensive backgrounds in the fields of collections care, art, cultural preservation, appraising and being a former paralegal, Darlene’s expertise and broad network of colleagues and experts assist her in aiding clients directly or being able to make the right introductions if necessary.

Register via the link in our bio!

#Art #Law #ArtLaw #CenterForArtLaw #Artists #ArtistLegacy #Estates #EstatePlanning

Do you feel like reading some detective stories hi

Do you feel like reading some detective stories hidden in the art world? Give Anja Shortland's lost art casebook a try.

The casebook presents 10 stories collected by Art Loss Register, a private database dedicated to tracking down stolen artworks, detailing how priceless missing objects were located and retrieved, negotiated and restituted, and at times, litigated in court, resulting in the prosecution of art crime perpetrators.

Get the book via link in our bio!

#BookRecs #ArtLaw #Art #CenterForArtLaw #SummerReading #arttheft

If you missed the uncanny scene of a Yayoi Kusama

If you missed the uncanny scene of a Yayoi Kusama look-alike robot painting dots onto the shop windows at Louis Vuitton’s Fifth Avenue store in New York or at the Place Vendôme location in Paris, you must have spotted elsewhere the omnipresent campaign that unleashes the second collaboration between the fashion house and the artist. Dubbed “Creating Infinity” collection, LV x Kusama (2023) includes over 450 bags, perfumes, accessories, and shoes.

The over the top project drew crowds and some loud criticism from artists and members of the public, prompting questions about artistic legacies of aging artists, exploitation of IP, copyright and wrong, and consent. Hilde Lynn Helphenstein (a.k.a Jerry Gogosian), a veteran art world satirist with 126k Instagram followers, asked why “pumping out a line of handbags” would be a priority for the nonagenarian living in a hospital for mentally ill.

Jerry spoke to the Center about her concerns about the artist’s involvement in the“Creating Infinity,” collection’s erosive impact on Kusama’s legacy, and her own distressing experience in connection with LV x Kusama campaign.

Check links in our bio for the interview with Jerry Gogosian and the backstory of the interview, including the Kusama and LV past collaborations, reaction of the the artistic community, issues of bots and trolls on social media, and mental well-being.

Center for Art Law hosts accessible legal clinics (feature a keynote and one-on-one consultation) for artists to help protect and uphold artists’ rights. The upcoming Artist Legacy and Estate Planning Clinic will happen at 5:30 – 8 pm EDT on June 21, 2023. RESERVE YOUR SPOT via link in our bio!

#copyright #legacy #estateplanning #artlaw #fashionlaw #artfashion #YahoiKusama #Kusama #CreatingInfinity #spoton #artistinterview #ICYMI #doppelgänger #JerryGogosian #bots #lvkusama

Let's talk about Estates of Art Collectors On May

Let's talk about Estates of Art Collectors

On May 11, 2023, Christie’s commenced New York's spring sale series with a $178 million sale of art from the estate of the late Condé Nast chairman S.I. Newhouse Jr. 7 out of 16 pieces in the cache are sold above $10m. Here is a partial rundown of the sale:

A 1947 Willem de Kooning, "Orestes," that Mr. Newhouse won for $13.2 m in 2002 resold for $31m.

Bacon's 1969 "Self Portrait", purchased by S.I. Newhouse for $8.9 million in 2006, sold for $35m.

Jasper Johns' 1971 "Decoy” underperformed. It was estimated to sell for at least $14m but only sold for $10.7 million.

The marketplace is undergoing a generational taste shift among younger buyers who want a broader canon of artists. The mixed result calls for different forcasts on whether estates of art collectors will still sell. Do you agree that some art is timeless and will be forever in demand or will they become less appealing?

Image credit: CHRISTIE’ IMAGES LIMITED 2023/© 2023 THE WILLEM DE KOONING FOUNDATION/ARTISTS RIGHTS SOCIETY (ARS), NEW YORK

Read the WSJ article via link in out bio!
#artcollectors #francisbacon #jasperjohns #willemdekooning #auctionhouse #christies

Calling all alumni! This summer, the Center for Ar

Calling all alumni! This summer, the Center for Art Law is excited to hold our 2023 Alumni Reunion -- and you're invited!

📅 Date: August 3, 2023
⏰ Time: 6:00PM
🏙️ Location: TBD (In NYC!)

No matter where life has taken you since your internship, now is the perfect occasion to celebrate achievements and forge new connections. Whether you joined as a virtual intern during the COVID-19 pandemic or spent your summer with colleagues in the office, now is the time to reconnect, reminisce, and reignite the spark of our shared passion for art law! 🎨 ⚖️

RSVP ASAP by emailing artlawteam@itsartlaw.org. Questions? Leave them below!

P.S. Have you joined our Alumni Linkedin page yet? Find it by searching "Center for Art Law Alumni Association"!

Is it true that an artist cannot be good at both w

Is it true that an artist cannot be good at both work and parenting? Judah provides an answer in the book by compiling interviews with artists. The book provides insight on how some artists have successfully been both a parent or caregiver and an artist, and the means in which they have done so. Providing informational tools on resources available for artists to play dual roles, Judah creates this artful “how-to” on not having to choose between the two.

Find link to get the book in our bio!

#BookRecs #ArtLaw #Art #Law #CenterForArtLaw #BookTok #ReadingIsFun #SummerReading

Calling all visual artists! Our next Artist Legacy

Calling all visual artists! Our next Artist Legacy and Estate Planning Clinic is on June 21st!

Join the Center for Art Law's Artist Legacy and Estate Planning Clinic for an evening of low-cost consultations with attorneys, tax experts, and other arts professionals with experience in estate and legacy planning.

After a Keynote Address on Legacy and Estate Planning by Kathryn Goldman, each participating artist will be paired with a Volunteer Professional for a confidential 20-min discussion.

Register via the link in our bio!

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