On February 3, 2021, the U.S. Supreme Court ruled unanimously in favor of Germany in a dispute over whether American courts may preside over a lawsuit brought by the heirs of German Jewish art dealers who alleged that the Nazi regime coerced the 1935 sale of certain artworks.
Background
After nationwide government shutdown orders forced museums, galleries, theaters and other performance venues—as well as restaurants and other places of public accommodation—to close their doors, many organizations turned to business interruption insurance policies to try to recover some of their devastating financial losses. As previously covered on this blog in
Continue Reading Art Institutions Will Not Find Financial Relief Under Business Interruption Insurance Policies In U.S. Courts—Where Will They Find It?
Just as Marcel Duchamp shocked the art world in 1917 with his absurdist creation of Fountain—a “readymade” sculpture consisting solely of an upside-down urinal with a signature on it—creators of non-fungible tokens (“NFTs”) are now pushing the boundaries of the conventional art world by creating works that exist only
Continue Reading The Unknown Legal Future of the Art Market’s New Favorite Medium: Non-Fungible Tokens (“NFTs”)