Almost 8 million people attended art fairs from 2011 to 2015. In 2015, the estimated total art fair sales skyrocketed to $12.7 billion. Art and art fairs occupy many roles and serve many functions for businesses, governments, curators, collectors, museums, and artists across the globe.
Along with the rise of art fairs, is the emergence of complex legal, business, and ethical questions. For example, how are relationships among the relevant actors distinct from traditional dealing? When is the handshake deal an enforceable contract? What fiduciary relationships exist? How are warranties of title and authenticity decided? Whose jurisdiction laws apply in disputes? What are the legal solutions if a work was shipped and then looted abroad? What happens if the work turns out to be a fake? How will insurance handle these types of matters? How are conflicts of interest addressed? Are gallery placements at the art fair – fair?
To parse all this out, the Federal Bar Association’s Art Law & Litigation Seminar on 12/6/17 is proud to present the “Insider’s Guide to an Art Fair” featuring speakers Maria Vathis (Moderator) and Scott Hodes, both of Bryan Cave. Sign up on or before 11/3/17 to save on registration using the early bird rate: http://www.fedbar.org/Education/Calendar-CLE-events/2017-Art-Law-Litigation-Conference.aspx.
Taking place in Miami at the opening of famed Art Basel in Miami, the 2017 FBA Art Law Seminar is a full day of CLE programming offering a variety of art-related legal topics presented by experts in the field including how to make the most of your professional time at an art fair. Specifically, what does the buyer have to investigate at an art fair, and what are the consequences of proceeding with the transaction? Is there anything in the materials in which a buyer agrees to a set of terms incorporated by reference? Which conversation becomes “part of the bargain?”
Art fairs are an integral part of the modern art market ecosystem. The fairs are often catalysts for a number of new ideas, projects, relationships, and collaborations that would not otherwise exist. As such, attendees on 12/6/17 will have a unique opportunity to interact with art fair scholars and lawyers to explore finance, marketing, copyright concerns, jurisdiction issues, fiduciary responsibilities, contracts, and art fair logistics.
The art market has witnessed a revolution in the way works are purchased. International art fairs act as a crucial and highly valuable platform for galleries and artists to sell and market their works and forge connections with the art industry’s major players. By attending the 2017 Art Law & Litigation Seminar, attendees will be immersed in the world’s largest collective contemporary art fair—where top dealers, collectors, celebrities, and art journalists convene. It is Miami’s busiest, most celebrated, and fun week of the year! Register now at http://www.fedbar.org/Education/Calendar-CLE-events/2017-Art-Law-Litigation-Conference.aspx.
Stacy Slotnick, Esq. holds a J.D., cum laude, from Touro Law Center and a B.A., summa cum laude, from the University of Massachusetts Amherst. She performs a broad range of duties as an entertainment lawyer, including drafting and negotiating contracts; addressing and litigating trademark, copyright, patent, and other IP issues; and directing the strategy and implementation of public relations, blogging, and social media campaigns.