Tag Archives: ARIS

ARIS: Art and Advocacy

A transactional real estate and art attorney opines that given the indisputable proliferation of art market title risks (from theft to other title problems such as gifts or loans, hidden encumbrances and family disputes), which can have a long tail and are challenging to identify even by experts, as well as high valuations for art, …

Alexander Graham Bell Auction Halted

LOS ANGELES TIMES – A California auctioneer has pulled from its auction Alexander Graham Bell historical documents, which describe the inventor’s design for a kite-like human aircraft. Bell’s great-grandson, the Smithsonian Institute and the National Geographic Society questioned whether Paul Edward Garber, the former head curator of the National Air Museum (precursor to the National …

$585,000 Bubble Gum Art Deal Blows Up

COURTHOUSE NEWS SERVICE – The renowned art collector Jane Holzer has sued Stephan Stoyanov and his gallery in New York state court for derailing an IRC 1031 “like-kind exchange” of four artworks. Holzer alleges that because Stoyanov bounced a check and failed to pay the third-party intermediary (Gagosian Gallery) for her two relinquished artworks within …

ARIS On The Art Market

ABC NEWS – Bank of America is suing in the United States District Court for the Northern District of Georgia and two real estate executives, Harold Barry and Christian Schoen, for failing to deliver scheduled artworks used as loan collateral and the proceeds promised from a completed sale of a Warhol painting. Barry and Schoen …