Over recent years, the UK and
international art markets have grown hugely.
Individuals, companies and other organisations are now
increasingly involved in buying, selling and collecting
art, whether for business, pleasure or investment
purposes.
But buying and selling art is highly complex and it is
vital to understand the potential risks and other issues
involved. As the market grows, it becomes more
competitive and clients more demanding. There is also an
increased risk of disputes over issues such as
authenticity, attribution, and title.
For fine art and auction houses, valuable time can be
lost in dealing with such legal issues, hence the need
to be able to call upon experienced lawyers who readily
understand the market.
Bevan Brittan’s Art & Auction Law team can draw upon
over 50 lawyers with expertise in commercial and
corporate law, dispute resolution, fraud and asset
protection, information technology and intellectual
property law, health and safety law and tax law.
We are able to offer genuine specialist expertise, which
we combine with practical, commercial advice.
Our dedicated team of lawyers covers all aspects of art
and auction law, including:
·
Transactional and
contractual advice, including: due diligence;
negotiation and preparation of sale, purchase and loan
agreements; standard terms and conditions of business;
and the use of art as security.
·
Title (including
ownership disputes) and provenance.
·
Authenticity (including
counterfeit goods), attribution, valuation and
cataloguing.
·
Damaged and lost
artwork.
·
Fraud, theft and
recovery.
·
Compliance, regulatory
and money laundering issues.
·
Policy indemnity issues
and insurance claims.
·
Exploitation and
protection of copyright, design rights and other
intellectual property rights, and compliance with the
Artist’s Resale Right Regulations (droit de suite).
·
Import, export and
movement of art, and other cross-border issues.
·
Art-related aspects of
tax planning.
Our team’s recent experience includes:
·
Advising on a number of
issues arising out of auction houses’ standard terms and
conditions of business.
·
Advising (and, where
necessary, conducting proceedings in the High Court) in
respect of claims relating to: title; attribution; mis-cataloguing;
lost, damaged, stolen and counterfeit art; fraud; war
loot; and restitution.
·
Advising on all aspects
of design right and copyright in creative works and
other intellectual property issues.
·
Advising on health and
safety issues relating to artwork.
·
Acting on a regular
basis for one of the major online art rental companies
in relation to ownership and risk issues.
·
Acting for Sotheby’s in
High Court proceedings arising from a dispute over
ownership of a Rachmaninoff manuscript (2005 EWHC 258 (QB)).
The case included multi-jurisdictional issues and
questions of provenance.
For further information please contact:
Tom Ellis
tom.ellis@bevanbrittan.com
0870 194
1609

