Course description
Art market transactions take a variety of forms and styles, and it is vital that private client lawyers are able to handle them all with an awareness of the possible risks. Works can be bought at auction, by private treaty and can even be concluded as informally as through an exchange of emails or messages.
Transactions can also be quickly complicated by a third-party ownership claim to a work, damage, loss or theft, or authenticity disputes. Tom Christopherson presents this webinar that examines the key issues you may come across if your clients collect art or have inherited artworks.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
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
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...