Author: Cillian O'Rourke
Massive Repatriation of €60m Worth of Italian Artefacts from the US
Over 600 pieces of art valued at €60m have been repatriated from the United States to Italy after being illegally excavated or stolen. These works, dating from the 9th century
DetailBankrupt Collector James Stunt’s Lely Portraits Flop at Auction
Three 17th-century paintings by Peter Lely, formerly owned by James Stunt, went up for auction at Christie’s New York. Two went unsold, but one sold at a modest price. Stunt,
DetailLondon Art Fair with No Dealers where Artists Keep All Profits
The Artists’ Fair at Somerset House is back for its second edition, offering a unique experience where artists themselves will be selling their work and keeping all the profits. Organised
DetailAce Gallery Founder Douglas Chrismas Found Guilty of Embezzlement
Los Angeles-based art dealer Douglas Chrismas was convicted last Friday of embezzling over $260,000 from his gallery’s bankruptcy estate in 2016. Founder of Ace Gallery, Chrismas has had a controversial
DetailUK Investment Galleries Promoting Art as Safe Haven Gain Traction
Investing in art has become a popular strategy for those looking to diversify their portfolios and potentially earn high returns. With targeted advertisements touting art as a safe haven for
DetailClass Action Lawsuit Filed Against Christie’s for Cyberattack Exposing Clients’ Personal Data
The aftermath of the cyberattack on Christie’s continues to escalate, with a class action lawsuit filed against the auction house over its failure to protect the personally identifiable information (PII)
DetailItaly Implements Regulations on Company Promising Art Investment Returns
Art galleries are increasingly offering art as an investment opportunity, but the legal landscape is evolving. Recently, the Italian financial regulator, Consob, suspended an offer by Art Invest Srl for
DetailBeijing’s Art Scene: Increase in Coordination, Decrease in Character
Beijing’s 798 art hub is making bold moves to establish itself as a global art destination. The recent Gallery Weekend Beijing (GWBJ) showcased the city’s international credentials, attracting a diverse
DetailGermany Reduces Art Sales VAT to 7%
The German government has approved a reduction in value-added tax (VAT) for art sales to a reduced rate of 7%, effective from January 2025. This move addresses a long-standing demand
DetailLondon Commercial Gallery Swaps Spaces with Newcastle Non-Profit for One Month: Art Market Update
London commercial gallery Pipeline is partnering with Newcastle non-profit art space Slugtown in a unique cultural exchange program. The initiative aims to promote cross-regional artistic collaborations, with artists from each
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