Art Transactions - A Guide to Navigating the Issues for Private Client Lawyers

Introduction

Art market transactions take a variety of forms and styles, ranging from simple sale and purchase agreement between a buyer and seller to chains involving up to ten intermediaries.

Works can be bought at auction, by private treaty, and nowadays agreements are at times concluded as informally as through the simple exchange of emails or messages.

Depending on the context, transactions can quickly be complicated by a third-party ownership claim to a work, damage, loss or theft, and authenticity disputes.

A well-drafted contract and thorough understanding of how to navigate such issues is key to preventing the downfall of a transaction.

If you are a private client lawyer whose clients collect art or have inherited artworks, then this webinar is for you.

What You Will Learn

This webinar will cover the following:

• Pre-contract enquiries: how to manage risk through due diligence
• The different ways of buying and selling art
• The role of the art dealer
• The transfer of ownership and risk in art
• Negotiating contractual representations, warranties, and indemnities
• The notion of art as an inherently movable asset, including the implications of moving art across borders

This webinar was recorded on 11th April 2022