Rimon

Entries tagged “Fine Art”

NFT’s and Digital Art Blockchain: Is Blockchain’s Digital Token New Frontier Its Brightest?**

insights NFT’s and Digital Art Blockchain: Is Blockchain’s Digital Token New Frontier Its Brightest?** Sam Miller · February 25, 2021

What Was: Security and Utility Tokens Almost two years have disappeared in a heartbeat, but nothing much substantial appears to have changed on the US securities regulatory landscape for blockchain tokens and other digital assets. When it comes to any substantive pronouncement, the date of The Securities and Exchange Commission’s (SEC) Strategic Hub for Financial Innovation…

Continue Reading…

The Fine Art of Auction House Consignments: Art AML, Sanctions Compliance and the Fine Art Owner’s Conundrum**

insights The Fine Art of Auction House Consignments: Art AML, Sanctions Compliance and the Fine Art Owner’s Conundrum** Sam Miller · December 7, 2020

While the spotlight has recently been on established auction houses anti-money laundering (“AML”), counter-terrorism and sanctions compliance, and the prospect of the United States, like the United Kingdom and the European Union before it, making AML compliance mandatory for art industry protagonists, there appears to be little focus on the broader reluctance of established auction…

Continue Reading…

Fine Art goes online: the (virtual) reality of COVID-19 and the changing face of the fine art markets

insights Fine Art goes online: the (virtual) reality of COVID-19 and the changing face of the fine art markets Sam Miller · May 11, 2020

We wrote earlier about the COVID-19 shutdown threat to gallery solvency, and possible creditor claims to works on consignment. Now two months into confinement, the threat to galleries is real with a quarter of Los Angeles fine art galleries responding to the Los Angeles Times April 20, 2020 Fine Art Gallery Survey that they would face permanent closure…

Continue Reading…

Fine Art Consignment in the time of COVID-19: How safe is your Art?

insights Fine Art Consignment in the time of COVID-19: How safe is your Art? Sam Miller · March 30, 2020

As COVID-19/SARS-CoV-2 slithers insidiously among us, and fine art galleries, auction houses and fine art storage facilities shutter, the fine art market finds itself under considerable pressure. With no end in sight, the financial implications for art market professionals could be dire. Arnet reports that top-tier galleries are already implementing furloughs or layoffs, with Lévy Gorvy and…

Continue Reading…

When Artists Skyrocket: the Fine Art Sale versus Consignment Conundrum

insights When Artists Skyrocket: the Fine Art Sale versus Consignment Conundrum Sam Miller · March 24, 2020

Catching a shooting star is one of the joys of collecting fine art. You catch an artist early, and watch them go from obscurity to adulation, along the way riding the wave of popularity and reveling in your talent-spotting brilliance. If you miss the opportunity, the curve of popularity accelerates quickly, the market takes hold,…

Continue Reading…

The End of Fine Art Experts? A Few Lessons Learned From The Recent Agnes Martin Litigation

insights The End of Fine Art Experts? A Few Lessons Learned From The Recent Agnes Martin Litigation Sam Miller · July 18, 2019

Picture this. The Picasso that always hung in your childhood livingroom; a gift to your grandfather from a grateful gallery owner, liberated as your grandfather’s 264th Infantry Regiment worked its way through France in the dying days of World War II. As the years passed, and family generations moved on, the family puts the Picasso…

Continue Reading…