Art Deals More Often Involve Art of Litigation
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.
