The art of making an art deal used to involve a handshake, but these days it increasingly involves litigation. With art pieces becoming increasingly expensive, deals crossing more borders and a growing number of people acquiring art, lawyers are seeing more lawsuits. Bryan Cave partner Scott Hodes is assembling a team of two dozen lawyers that will specialize in art-related matters. The lawyers will have expertise in areas such as taxes, estate planning, contracts, insurance and IP, he says.
Art Deals More Often Involve Art of Litigation
The National Law Journal
May 30, 2008