It is important that art businesses act proactively and take all the necessary steps to implement the obligations imposed by the 5th AMLD as soon as possible in order to minimize the risk of being found guilty of a criminal offence.Read More
This article is authored by Phoebe Kouvelas LL.M. and has been first published in the Art & Museum Magazine, Summer Issue, 2017, p. 24-25
With confidentiality often cited as an excuse to avoid disclosure to the principals of the existence and role of any given intermediary, conflicts of interest inevitably arise with serious consequences for all involved.Read More
This article is authored by Phoebe Kouvelas LL.M. and has been first published in the Art & Museum Magazine, Winter Issue, 2017, p. 24-25
Most museums have a view on what their principal legal risks are; nevertheless, those are addressed through the use of empirical checklists designed to avoid pitfalls or after a triggering event. What is in fact needed is the adoption of processes, procedures and controls based on the type and level of risk associated with each activity - a risk-based approach (RBA)Read More
Museums and large private collections run significant legal risks whether they are preparing for an exhibition, accepting a donation in good faith or lending works from their collections for people around the world to appreciate.Read More
In an ever more complex art world, the proactive assessment and management of legal risks has become a necessary exercise for museums and art collectors.Read More
Buyers beware: you may be liable to pay resale royalty to the creator of a work of art.Read More
Art can be used as an alternative means to obtain liquidity - and is increasingly being used as such.Read More
Depending on where the artwork is located, the borrower may keep enjoying the art, or he may have to surrender it to the lender.Read More
The risk taken by museums and collectors by not covering against theft is staggering and hard to justify.Read More
The risks & potentially significant losses of buying a fake work of fine art can be mitigated or averted through pre-sale due diligence.Read More
Το ρίσκο αγοράς πλαστού έργου και τα πιθανά σημαντικά κόστη μπορούν να αποφευχθούν επιδεικνύοντας την δέουσα επιμέλεια πριν την αγορά.Read More
Getting to know how to navigate through Europe's import VAT rules could save you from considerable costs.Read More
Μαθαίνοντας πώς να πλοηγείστε στα καθεστώτα που διέπουν τον ΦΠΑ εισαγωγής της Ευρώπης, θα μπορούσε να σας γλυτώσει από σημαντικά κόστη.Read More
When investing in art, it's all about striking the right balance between what pleases your eye & ... your future pocket.Read More
Όταν επενδύετε στην τέχνη, σημαντικό είναι να βρείτε την χρυσή τομή μεταξύ του τι ευχαριστεί το μάτι σας & ... την μελλοντική σας τσέπη.Read More
Buyers: before you invest in that work of art you so badly want, make sure you get what you pay for!
Sellers: having proof with regards to the condition of your art at the time of sale, can potentially save you a lot of unnecessary, and possibly costly, future trouble.
Αγοραστές: πριν επενδύσετε σε εκείνο το έργο που θέλετε τόσο πολύ, σιγουρευτείτε ότι αυτό που αγοράζετε αξίζει τα χρήματα που πληρώνετε!
Πωλητές: το να έχετε απόδειξη σχετικά με την κατάσταση του έργου την ώρα της πώλησης μπορεί να σας γλυτώσει από πολλά περιττά και πιθανώς δαπανηρά μελλοντικά προβλήματα.Read More
After seeing these eye-popping 8-digit figures for some amazing art, what do you think we can expect for 2014?Read More