Saturday, January 18, 2020

Divorce triggers mega auction

Sotheby’s, Christie’s and Phillips were invited to submit proposals to sell the collection of Harry and Linda Macklowe, two octogenarians in the middle of a bitter divorce. A judge ordered the couple’s 65 most valuable works to be sold and the proceeds split.

More here.


Financial Innovation, Tax Law, and the Making of the Contemporary Art Market

This essay focuses on the efforts of an enterprising art gallerist, Leo Castelli, to aggressively promote his stable of Pop artists through the development of several financial structures, including some designed to leverage the relatively generous income tax deductions and anemic enforcement regime of the time. In doing so, Castelli not only seeded the ground for the international ascendance of American visual art, but also engineered financial arrangements that fostered the development of a lucrative and resilient art market that endures to this day. With the aim to provide insights into both the legal-political and the art historical registers, this essay describes a tax law framework that provides a key piece missing from the art historical puzzle.

Looking forward to reading this new article.


Why some Harvard Law students ignore Trump appointees

Some Harvard Law students opt out of applying for coveted federal clerkships because certain federal judges hold ideological and political beliefs opposed to the students (not to mention that these judges were also appointed by President Trump). But, according to the Boston Globe, “some legal scholars worry that the reluctance of students at one of the nation’s premier law schools to clerk for Trump-appointed judges, first reported by Bloomberg Law, could further polarize the legal profession and do the country more harm than good.”


‘Mall of America? Kardashian residence?’ Prof fired for joking

Babson College: “Based on the results of the investigation, the staff member is no longer a Babson College employee. As we have previously stated, Babson College condemns any type of threatening words and/or actions condoning violence and/or hate.”

Maybe they should hire Dave Chappelle.

More here.


“but more than anything he feels that his actions were in some way justifiable.”

New film on BBC on art dealer Michel Cohen and the $50M art swindle.


French court upholds infringement ruling against Koons and Pompidou

Naked, by Jeff Koons. French court found this sculpture to infringe copyright.

A French court held that the Koons’s company, Jeff Koons LLC, and the Pompidou Centre in Paris, where his work was due to be displayed, must together pay 20,000 euros (~$22,000) to French artist Jean-Francois Bauret’s family.

More here.


“I am particularly mindful of my status as a white scholar reiterating, amplifying, remixing, and building upon arguments previously made by intellectual property scholars of color.”

From the, “What in the hell is this?” department comes this gem. I ask, is this a law review article or an undergrad comparative literature paper? It’s no wonder Justice Roberts wonders, “If the academy wants to deal with the legal issues at a particularly abstract and philosophical level, that’s great and that’s their business. But they shouldn’t expect that it would be of any particular help or even interest to members of the practicing bar or judges.” He continues to ask, “Is this area of research going to be of help to anyone other than other academics?” The answer, my friends, resides in Michael Anthony Hall’s notable quip from 1985…“I can answer that right now, sir. That’d be ‘no, no’ for me…”


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