Tag Archives: Art Market

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, …

$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 …

ARIS on Art as an Alternative Investment

INTERNATIONAL ALTERNATIVE INVESTMENT REVIEW – Fine art and other treasured tangible objects are alternative asset investments, which are becoming a major percentage of mid-tier and UHNW clients’ wealth and require specialized expertise to manage strategically. Many large single family offices, whose founders are often well-known art collectors and art patrons, have little to no expertise …