On 30 June 2020, the IBA Art, Cultural Institutions and Heritage Law Committee is presenting a webinar that looks at the impact of digitization on the art market. The massive move to digital business models is of course driven by the loss of live auctions and in-person art fairs. They have resulted in a dramatic shift in the practices of the art market.
The webinar will address the legal challenges following from that change. Topics will include:
- Online due diligence
- KYC and anti-money laundering
- Cross-border sales: governing law and jurisdiction
- Consumer protection: is cancellation right suitable for art transactions?
- Do artists need to be represented by intermediaries in the digital world?
The moderators are Giuseppe Calabi and Nicholas M O’Donnell. Further details, including how to register, can be found here. The webinar will be held as a Zoom meeting at 1.00 pm London time / 2:00 pm German time.
The Committee’s annual conference on “Lessons Learned from Art Litigation” that was originally to be held next week in Paris has now been re-scheduled to 4/5 February 2021.
The painting by Danish artist Carl Wentorf shows an art auction in Charlottenborg in the late 1890s.
Carl Wentorf artist QS:P170,Q11963191, Carl Wentorf – En kunstauktion på Charlottenborg, 1899, marked as public domain, more details on Wikimedia Commons