Publications
How Wu-Tang Clan's Secret Album Just Revolutionized Art Law
Not just another intellectual property case. For the first time, a U.S. court has recognized that a creative work, when it’s worth depends on secrecy rather than mass distribution, can be protected as a trade secret. The implications for the art world are staggering. A precedent-setting decision by a New York federal court ruled that Wu-Tang Clan's single-copy album, Once Upon a Time in Shaolin, could qualify as a trade secret under the Defend Trade Secrets Act (DTSA). Traditional Copyright Law isn’t enough for today’s art market.
Avoiding (or at Least Deferring) Taxes on the Sale or Gifting of Art
If your client is an artist, collector, or inheritor of art, when it comes time to plan to sell or gift the art, sale at auction could result in half of the hammer price going to taxes and fees. Consider using the charitable status of organizations like the Center for Art Law or Charitable Trusts to help defer or avoid the tax.
Web 3.0: Planning For Art NFT Collectors
NFTs are popular in applications that require unique digital items, including crypto art, digital collectibles, and online gaming, where some guarantee of authenticity and ownership history adds value. As far as art is concerned, this space is developing rapidly. This article takes a look at the territory.
Whither Donations Of Art To Museums In 2021?
What is the future of art collections and museum donations for 2021 and beyond?
Will museums with limited capacities be willing and able to accept specific artwork or even entire collections, now owned by artists and collectors who are in their 80’s and 90’s?
“What is required is planning for a current and ongoing collaboration between artists and collectors on one hand,and museums on the other for the creation and access to a virtual as well as physical collections.”