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Art and Business

Transactions in Art and Cultural Property

By (author) Kevin P. Ray
Format: Paperback / softback
Publisher: American Bar Association, Chicago, IL, United States
Published: 1st Aug 2017
Dimensions: w 152mm h 229mm d 19mm
Weight: 399g
ISBN-10: 1634256697
ISBN-13: 9781634256698
Barcode No: 9781634256698
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Synopsis
This book discusses how art can affect the world of business. As art has gained greater acceptance as an investment, it is appearing in a variety of transactions that expand the traditional dealer-gallery-auction house sale form. Art transactions increasingly include many art-secured lending, securitization, and commercial transactions. The presence of art in these transactions is frequently novel to the parties involved, who may be unfamiliar with the unique issues and challenges of the art world. Insurance plays a more significant role in art transactions than it has in the past, including title insurance. Some of the topics include: *Culture (such as the Elgin Marbles) *Fakes and forgeries*Questions of titles (such as Nazi-looted art) *Restrictions on materials (such as the ban on ivory) *Forms of art-secured transactions (such as consignments and secured loans) *Express and implied warranties on art*Copyright

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