You Bought It, But Do You Own It? Understanding Art Title Risks
When making purchases of fine art, collectors focus primarily on issues relating to the authenticity and the condition of their prospective acquisitions. For instance: Is the artwork real? Is it in the catalogue raisonné of the artist? Has it been certified by the artist’s foundation or estate? Is it in good condition? Has it been restored? These are typical questions asked by buyers and their advisors as part of their due diligence process when contemplating a purchase.