Artive speaks with the New York Art Law Committee about Risk Management
06 June 2017
Representing Artive Inc, as a guest of Steven Schindler of Schindler Cohen & Hochman LLP and Chair of the Art Law Committee, Jason Sousa spoke to the committee on the subject of Risk Management and why title checks such as Artive’s search services and research into the ownership history of a work of art or antiquity are so important.
“The art market, in general, is still a widely unregulated market. International conventions and national trade guidelines have set an important signal for ethical and professional ways of conduct when dealing with works of art and antiquities. The lack of enforced international legislations, paired with high-value transactions and the speed and ease with which objects change locations and ownership, call for due diligence as part of every risk management process.”
The Art Law Committee
The Art Law Committee is committed to promoting understanding of and discussion about the legal issues and developments
that impact the not-for-profit and commercial art worlds from the perspective of a variety of stakeholders, including artists, art dealers, a
rt experts, galleries, auction houses, museums, and not-for-profits. The Committee follows legal developments related to fine art and antiquities, and builds relationships with leaders in the fine arts community, who regularly meet with Committee members, to understand how the law affects their work. Key legal issues addressed by the Committee include disputes over the authenticity of art, copyright, moral rights, title, business transactions, insurance, and nonprofit law, among many others.
The Committee regularly sponsors art-related speakers and events, many of which are open to the public. The Committee, often through its subcommittees, also investigates and reports on specific issues such as art authenticator protections and resale royalties. Re
cently, the Committee has drafted and worked to pass New York State legislation protecting art authenticators from frivolous and financially crippling lawsuits.