Marketplace  -  Tax policies

The company behind “Fearless Girl” is suing its creator

State Street Global Advisors, the investment firm that famously commissioned the Fearless Girl statue in Lower Manhattan in 2017, is suing the artist who made it for breach of contract and copyright infringement. According to official court filings dated as recent as February 14th, the investment firm is claiming that Kristen Visbal, the sculptor, is […]

Art dealer Mary Boone sentenced to 30 months for tax fraud

Valentine’s Day wasn’t very sweet for New York-based art dealer Mary Boone who was sentenced to 30 months in prison on the 14th of February at NYC’s Southern District Court. The sentencing comes after Boone plead guilty in September to falsifying tax returns stating she’d earned millions more than she did. Her sentence is six […]

Two ways the US government is altering the art world

How the partial government shutdown is affecting the museum sector In the US, a partial government shutdown has wreaked havoc on various facets of American life since December 22nd. The Smithsonian Institute, for example, which operates on government funding has struggled to stay open. The shutdown is due to Congress and Trump not coming to […]

French supreme court rules in favour of Christie’s France

In November, the French supreme court ruled that the droit de suite – resale royalties benefiting artists or their heirs – could lawfully be charged to the buyers of artworks versus the seller. This ruling significantly shifts the landscape of the market for some dealers and auction houses while Christie’s France has already jumped on […]

Scholars call for a Berlin centre to research and reform colonial-era heritage

A group of scholars ranging in academic focus from art history, ethnology and anthropology are calling on the German government to put in place an institute in Berlin to conduct research and policy in addressing colonial history and the enforced approach to colonial-era heritage in public collections. Originally initiated by five German scholars, the plea […]

France Urged to Return Looted African Art Treasures

France should repatriate tens of thousands of cultural artifacts stolen from Africa during colonial times, reads a report commissioned by President Emmanuel Macron that could have dire consequences to museums and institutions across Europe. The report insists that France’s laws on the matter should be changed and that African cultural treasures that were stolen and/or […]

Jeff Koons Sued for Copying Old French Advert

American artist Jeff Koons is no stranger to controversy, let alone lawsuits. Adding to the long list of class action lawsuits against the famous American artist, The Art Newspaper reports that Koons is being accused of plagiarising an iconic French advertisement that ran in 1985 in one of his celebrated sculptures, Fait d’Hiver. Franck Davidovici, […]