“NY State Senate Passes Bill Protecting Art Authenticators from Bogus Lawsuits”

Posted by on Jun 25, 2015 in Blog Posts | No Comments

HYPERALLERGIC | By LAURA C. MALLONEE Art authenticators can finally breathe a sigh of relief: on Monday, the New York State Senate passed much-anticipated legislation that protects them from frivolous libel lawsuits. Act S1229A states that only “valid, verifiable claims” against authenticators will be allowed to proceed in court. It also stipulates that they be compensated financially for their legal expenses […]

art NXT level

Posted by on Jun 11, 2015 in Blog Posts | No Comments

In May I was interviewed by Sergio Gomez, an artist who, with his gallery partner & wife Yanina, started art NXT level—a resource aimed at helping “committed artists design a practical and balanced path to experience a fulfilling art practice.” On the art NXT level website you will find “tools, strategies, marketing ideas, coaching, podcasts, webinars and practical advice […]

“Tax Break Used by Investors in Flipping Art Faces Scrutiny”

Posted by on May 25, 2015 in Blog Posts | No Comments

NEW YORK TIMES | GRAHAM BOWLEY Introduced in the 1920s to ease the tax burden of farmers who wanted to swap property, it soon became a tool for real estate investors flipping, say, office buildings for shopping malls. Now, this little-known provision in the tax code, known as a like-kind exchange, has become a popular […]

Ruth Silverman (1936 – 2015)

Posted by on May 11, 2015 in Blog Posts | No Comments

Written by Susanna Briselli & Leah Eskin Ruth Silverman, the noted photographer, curator, and author, died in her home in Berkeley, California, on April 10. She was 78. The cause was complications from Parkinson’s disease. She is remembered for her groundbreaking career as a curator of photography; her influential, award-winning, and charming photography book “The […]

Minding the Hen House: Professional Standards for Art and Antique Appraisers

Posted by on Apr 25, 2015 in Blog Posts | No Comments

Cindy CHARLESTON-ROSENBERG New Minimum Professional Qualifications Standards are Set for an Unregulated Industry The profession of appraising art and antiques has long been challenged by conflicts of interest and lack of regulatory oversight and requirements.   In fact, most countries who have firm standards in place for the appraisal of real property, fall short in regulating […]

Are You Paying Use Tax on Art Bought at Out-of-State Art Fairs and Online? You Should Be.

Posted by on Apr 11, 2015 in Blog Posts | No Comments

Thomas C. DANZIGER and Patricia PERNES The New York State use tax is a bit like your CPA’s love life: difficult to comprehend, and generally of interest only to other accountants. That’s a shame (as to the use tax, that is). This little understood statute actually has important financial ramifications for any serious art collector, […]

The “Gold Standard” of Appraising — USPAP

Posted by on Mar 11, 2015 in Blog Posts | No Comments

Facets of the art world have become more professionalized in the last several decades. As the industry has grown, so have subsidiary disciplines, including curatorial, conservation, and appraisal practice. As little as 30 years ago, an appraisal was commonly a one-page document, with line items for each artwork, a minimal description of the piece, and […]

$2.5 Million Claim Over Damaged Richard Avedon Triptych

Posted by on Feb 25, 2015 in Blog Posts | No Comments

What is the value of damaged goods? It’s a challenging question, primarily because there are so many factors to consider, not to mention that there is no one answer, much less a “right” answer. Appraising damaged and repaired artwork is especially difficult, because what one collector may consider acceptable, another will find unacceptable. The burden […]

Surprising Findings in Three New NEA Reports on the Arts

Posted by on Feb 15, 2015 in Blog Posts | No Comments

                                  ARTS.GOV Three reports from the National Endowment for the Arts reveal new findings about the impact of arts and cultural industries on GDP, as well as how and why Americans participate in certain arts activities. The data for […]

Collector Sues IRS For $40 Million in Art Taxes Paid

Posted by on Feb 7, 2015 in Blog Posts | No Comments

artnet news | By ALEXANDER FORBES Barbara B. Allbritton has sued the United States Internal Revenue Service (IRS) with the intention of recouping $40.6 million in taxes she and her family paid following the death of her husband, millionaire media mogul and banker Joe L. Allbritton in 2012. As initially reported by Courthouse News, a “notice of deficiency” was […]

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