Art Law is a survey course on the law and business of art. In-class simulations include negotiations of the following: an artist-dealer representation agreement, an art consignment agreement with an auction house; a commission agreement between an artist and collector; a loan agreement with a museum. In-class simulations also include debates involving the international transport of art and the conflicting values of free trade and repatriation, the efficacy of the Visual Artists Rights Act in according moral rights to artists, and the tensions between the restitution of Holocaust-looted art and the merits of the good-faith purchaser. Other rights explored from the perspective of the artist include First Amendment rights, copyright, and resale rights. Also touched on are tax and estate planning for collectors and artists, including the tax and estate planning aspects of charitable contributions, and the art collection as investment property.
This survey course deals with the related substantive law, policy, and theory. In-class simulations and in-depth discussion will be a conducted. There will also be a field trip to watch an auction in progress at either Sotheby’s or Christie’s auction house.
Recommended for the Following Professional Pathways: IP/Copyright and Trademark; Media, Entertainment, Sports, Fashion; Trusts and Estates