Giving the Monet to the Museum In Installments
Say that you have an extra Monet or a Warhol hanging around your house and you decide that you would like to donate it to your favorite local museum to share it with the public; but, for sentimental reasons, you do not want to fully part with it at this time. So, you plan to.. read more →
Payments Due To Artists Under The California Resale Royalty Act
Today, Sotheby’s sold Edvard Munch’s iconic painting The Scream at auction in New York for $119.9 million. To keep in the spirit of this occasion, I think it is appropriate to write a blog article on art law. An interesting issue faced by artists and sellers of art in California is compliance with the California.. read more →
Beware of Artists Bearing Gifts
It is always nice to receive a gift. As my mom told me and my siblings repeatedly when we were growing up, “you should appreciate the gift because it’s the thought that counts, not whether or not you like the actual gift.” However, you should be aware that if you receive a gift of artwork.. read more →
Who Owns The Second Warhol Painting of Farrah?
Former Charlie’s Angels actress Farrah Fawcett died of cancer on June 25, 2009 at the age of 62. Farrah’s trust provides that upon her death, all of her artwork and objects of art are to be distributed to her alma mater, the University of Texas at Austin (UTA). Her trust does not define the term.. read more →
Is A Stuffed American Bald Eagle Worth $65 Million or $0?
Is a stuffed American bald eagle worth $65 million or $0? This is a question raised in the estate of the late art dealer Ileana Sonnabend. Ms. Sonnabend’s estate, valued at approximately $876 million, contains a sizeable art collection by such notable artists as Jeff Koons, Roy Lichtenstein, Andy Warhol, and Cy Twombly. Included in.. read more →