Private sellers in the UK must beware after High Court ruling
Findings in the Feilding vs Simon C. Dickinson Ltd case set worrisome precedents for British art trade on multiple levels
Source: theartnewspaper.com
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On Its First Day, Frieze Masters Saw Bigger Crowds and More Curated Booths. But Economic and Geopolitical Woes Dragged Down Sales
Sales were down at Frieze Masters, but some dealers were ok with that, calling the correction healthy and much needed.
Source: artnet.com
Countess sues art dealer after £1m family painting was resold for millions more
Countess of Wemyss and March, and trustees, allege they are entitled to money they lost out from masterpiece’s original sale
Source: telegraph.co.uk
Art Businesses Are Uniquely Susceptible to Cybercrime. Here Are a Few Simple Ways to Protect Yours, According to Top Experts
As an industry that still finalizes multimillion-dollar deals over email, the art trade has special vulnerabilities. May 25, 2021 An employee of EnBW, an EDF subsidiary in Berlin, works at her computer monitor. (JOHANNES EISELE/AFP via Getty Images) Forget art thieves. The art trade has a new foe: cybercriminals. Almost 60 percent of galleries surveyed in the 2020 Hiscox Online Art Trade Report were either “concerned” or “very concerned” about cybercrime—a big leap from the previous year. This rising anxiety makes sense: the pandemic, the craze for NFTs, and a collector base newly...
Source: artnet.com