The Art Law Foundation in Geneva (Fondation pour le droit de l’art), together with the Banking Law Centre at the University of Geneva, hosted a sterling event on Monday in Geneva. This was the second part in a series spearheaded by the Foundation, the first day was held in London in November. While I was not able to attend the London event, it was very well received, and together with this week’s event it must be said that the organization is up to great things. Their events page (here) is something anyone interested should book mark. In particular, these events have showcased sophisticated insights into market-based aspects of art and law, which whether we like it or not is what is driving the discussion (and will continue to). A real hats off to the organizers, in particular Attorneys Sandrine Giroud of Lalive, and Pierre Gabus of Gabus Avocats, a director and president, respectively, of the Foundation.

Topics: China, Pierre Gabus, Art Finance, Sotheby’s Financial Services, Fremdverwaltung, leverage, Xavier Oberson, Alexandre Quiquerez, Philip Hoffman, Frédéric Dawance, Art Business and Research Unit at Sotheby’s Instit, authenticity, Art Law Foundation, Swiss Collective Investment Schemes Act, The Art Newspaper, Geneva, artgenève, Fine Arts Expert Institute, Manuela de Kerchove, Sandrine Giroud, Lalive, Supervised Qualified Investors, Natural Le Coultre, Yan Walther, feeder funds, Jan Prasens, Abel Avocats, Farrer & Co LLP, Lombard Odier, Events, Tutela Capital, James Carleton, Sotheby's, U.C.C., Yves Bouvier, Schroders, Fabian Bocart, Fine Art Fund Group, Art Finance And Law Conference Series

Topics: Pierre Gabus, William Pearlstein, Prof. Xavier Oberson, Université Lyon, Art Finance, Sotheby’s Financial Services, Alexandre Quiquerez, Philip Hoffman, Myret Zaki, Emigrant Bank Fine Art Finance, Frédéric Dawance, Tim Hunter, Art Business and Research Unit at Sotheby’s Instit, Art Law Foundation, London, Melanie Gerlis, David Arendt, The Art Newspaper, Geneva, The Fine Art Fund, Fine Arts Expert Institute, Philipp Fischer, Oblyon Art Business Intelligence, Manuela de Kerchove, Banque Lombard Odier & Cie SA, Luc Thévenoz, Sandrine Giroud, Lalive, Natural Le Coultre, Yan Walther, Jan Prasens, Farrer & Co LLP, Paul Aitken, Marco Mercanti, Falcon Fine Art, Events, Sebastian Fahey, Stefanie Berloffa-Spadafora, Rebecca Hawkins, Bilan, Tutela Capital, Private Art Investor, Abels Avocats, James Carleton, Sotheby's, borro, Li Jun Xian, Université de Genève, Yves Bouvier, Schroders, The Luxembourg Freeport, Fabian Bocart, Fine Art Fund Group, Art Finance And Law Conference Series

Last month it was revealed that the British Museum had loaned a sculpture from the Parthenon, a/k/a Elgin, Marbles to the State Hermitage Museum in St. Petersburg. Reaction ranged from puzzlement to fury. Lee Rosenbaum pondered whether the loan was in fact a trial balloon to prepare for litigation, specifically, to rebut Greece’s claim that the sculptures are a single unified work that should be returned with an argument that the collection of individual objects is more complicated. My reaction really boiled down to the “law” of unintended consequences: once the UK put any of the objects outside its territorial control—let alone in Russia, which has shown little interest in the niceties of international loans and restitution—the British Museum may find itself in a Portrait of Wally situation. 

Topics: cultural property, Defining Beauty: the Body in ancient Greek Art, Museum of Cycladic Art in Athens, The Art Newspaper, Lee Rosenbaum, Elgin Marbles, Parthenon Marbles, Restitution, British Museum, Events, State Hermitage Museum, Portrait of Wally, The State Hermitage Museum in St. Petersburg, Litigation

Topics: William Pearlstein, Art Finance, Sotheby’s Financial Services, Philip Hoffman, Emigrant Bank Fine Art Finance, Tim Hunter, Art Business and Research Unit at Sotheby’s Instit, Art Law Foundation, London, Melanie Gerlis, David Arendt, The Art Newspaper, Geneva, Oblyon Art Business Intelligence, Lalive, Paul Aitken, Marco Mercanti, Falcon Fine Art, Events, Sebastian Fahey, Stefanie Berloffa-Spadafora, Rebecca Hawkins, Anna Dempster, Bilan, Private Art Investor, Sotheby's, borro, Li Jun Xian, The Luxembourg Freeport, Fine Art Fund Group, Art Finance And Law Conference Series

Topics: William Pearlstein, Art Finance, Sotheby’s Financial Services, Philip Hoffman, Emigrant Bank Fine Art Finance, Tim Hunter, Art Business and Research Unit at Sotheby’s Instit, Art Law Foundation, London, Melanie Gerlis, David Arendt, The Art Newspaper, Geneva, Oblyon Art Business Intelligence, Paul Aitken, Marco Mercanti, Falcon Fine Art, Events, Sebastian Fahey, Stefanie Berloffa-Spadafora, Anna Dempster, borro, Li Jun Xian, The Luxembourg Freeport, Fine Art Fund Group, Art Finance And Law Conference Series

Topics: Legislation, Resale Royalties, Wm. Lacy Clay (D-MO), Maxine Waters (D-CA), American Royalties Too Act, Chuck Close, Christopher Rauschenberg, droite de suite, Commerce Clause, Julia Halperin, Jerrold Nadler (D-NY), The Art Newspaper, U.S. Senate, Judy Chu (D-CA), HR4103, Louise McIntosh Slaughter (D-NY), Christie's, Ed Pastor(D-AZ), Huffington Post, Intellectual Property and the Internet, Eliot L. Engel([D-NY), Robert Rauschenberg, Mark Pocan (D-WI), Theodore E. Deutch (D-FL), James Moran (D-VA), Senator Tammy Baldwin (D-WI), Copyright, Sotheby's, John Lewis (D-GA), and Sheila Jackson Lee (D-TX), Janice Schakowsky (D-IL), House Subcommittee on Courts, Donna M. Christensen, eBay, Sam Farr (D-CA)

Just days after attorneys for Cornelius Gurlitt floated the idea of discussions with survivors and heirs for a possible resolution to the questions about the artworks found in his apartment two years ago that are suspected of having been stolen or sold under duress during the Nazi era (and after the prosecutor was ordered to make a full list available to journalists), the prosecutor in charge of the investigation categorically rejected the possibility of any deal with Gurlitt.

Topics: Erhard Göpel, Frankfurter Allgemeine Zeitung, Stuttgart, Wiesbaden, FAZ, Focus, Hildebrand Gurlitt, Cornelius Gurlitt, Augsburg, Amsterdam, Willi Korte, Schwabinger Kunstfund. Kunstfund München, Marvin Fishman, Reinhard Nemetz, Gurlitt Task Force, Germany, Fall Gurlitt, The Art Newspaper, Gurlitt Collection, Max Beckmann, Karl Buchholz, Robert Looker, Entartete Kunst, Bar Braun, Beutekunst, Schwabing, Magdeburg, LACMA, Ersessene Kunst, Harvard, Gurlitt, Bavaria, Busch-Reisinger, Los Angeles County Museum of Art, degenerate art, the Central Collecting Point, Augsburger Staatsanwalt, www.lostart.de, Nazi art, Sotheby's, Roman Norbert Ketterer, Raubkunst, Verjährung, Mayen Beckmann, National Gallery Berlin, verschollene Kunst, De-Nazification, Selbstbildnis, Self Portrait

Topics: Frankfurter Allgemeine Zeitung, Ich geb' nichts freiwillig zurück, FAZ, veschollene Kunst, Focus, Hannes Hartung, Cornelius Gurlitt, Schwabinger Kunstfund. Kunstfund München, Fall Gurlitt, The Art Newspaper, Gurlitt Collection, Max Beckmann, Hildebrand Gurlit, Entartete Kunst, Bar Braun, Özlem Gezer, Beutekunst, LACMA, Gurlitt, David D’Arcy, Der Spiegel, Wall Street Journal, Los Angeles County Museum of Art, degenerate art, Raubkunst

Topics: Russian Times, Russian Foreign Ministry, sanctions, The Art Newspaper, Library of Congress, 22 U.S.C. § 2459, Foreign Sovereign Immunities, Litigation, Immunity from Seizure Act, Chabad, Sergey Lavrov

Topics: Maria Altmann, Portrait of Adele Bloch-Bauer, Malewicz v. City of Amsterdam, The Art Newspaper, 22 U.S.C. § 2459, FSIA, IFSA, Foreign Sovereign Immunities, Portrait of Wally, S.B. 2212, Immunity from Seizure Act, Customs, Gustav Klimt, Vienna