The Importance of Transparency in the Art Market: Lessons from Rybolovlev vs Sotheby’s

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Art market transparency has been a topic of discussion in recent events, with Russian billionaire Dmitry Rybolovlev’s lawsuit against Sotheby’s shedding light on the challenges faced by art buyers. Issues of trust and independence are prevalent in the art market, as exemplified by the case of art scholar Bernard Berenson and his alleged conflicts of interest. To navigate these challenges, blockchain technology offers a solution by providing a secure and transparent platform for art transactions. Nanne Dekking, founder of Artory, advocates for the use of blockchain tokenisation to enhance transparency and accountability in the art market.

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