Photo of Meaghan Gragg

Meaghan Gragg is a partner in the firm’s Litigation Department and Art Law group. She has represented artists, collectors, art advisors, estates, galleries, museums, non-profits and others in a variety of matters, including negotiating and drafting purchase and sale, consignment, representation and licensing agreements and resolving disputes involving works of fine art.

Art may be in the eye of the beholder, but art valuation for tax purposes is in the eye of the IRS.

Improper deductions based on inflated art valuations are now in the agency’s crosshairs, part of an ongoing expansion of audit and investigations into charitable deductions for art

Continue Reading Avoiding IRS Art Donation Audits Requires an Up‑Front Checklist

The New York Times reported on Tuesday, November 10, that the Metropolitan Museum of Art elected Candace K. Beinecke as co-chair of its board of trustees, making her the museum’s first female chair.  Ms. Beinecke, the senior partner and former chair of Hughes Hubbard & Reed, will jointly lead the
Continue Reading Met Museum Elects Hughes Hubbard’s Candace K. Beinecke as its First Woman Chair

On July 29, 2020, the Senate Committee on Homeland Security and Governmental Affairs issued a 150-page bipartisan report that identifies the art market both as the “largest legal, unregulated market in the United States” and a significant weakness in the nation’s sanctions and anti-money laundering regimes.[1]  The Senate Report
Continue Reading Senate Report Documents Russian Oligarchs’ Use of the U.S. Art Market to Launder Money