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"Everything You Wanted to Know About Gallery Ethics (But Were Afraid to Ask)"

A slew of cases involving some of the art world's most prolific figures have raised the ever-growing specter of fiduciary obligations of gallerists and dealers. Gallerists are by definition fiduciaries on a number of levels, often without being aware of this. What most art context actors don't know is that fiduciary duties trump contracts or oral agreements, and are imposed by courts. In fact, the core of gallery ethics cannot be understood without knowing what fiduciary obligations are.

Last October, at Sotheby's Institute of Art EASL's Committee on Fine Arts held an interactive panel discussion on cutting edge insights into best practices for gallerists and dealers and how they can limit their professional exposure. The speakers - lawyers and gallerists - also explored many other ethical issues that gallerists, dealers, and artists need to understand now more than ever.

This program was part of an ongoing initiative to create dialogue amongst lawyers, artists and emerging and established art professionals working in the primary or secondary markets. We have prepared a dedicated audio recording and transcript, available at https://stropheus.com/blog/2014/01/22/art-gallery-ethics/.

Panelists:
Andrea Crane, Andrea Crane Fine Art
Richard Lehun, Stropheus Art Law
Serra Pradhan, Marianne Boesky Gallery
Judith B. Prowda, Chair, Committee on Fine Arts, New York State Bar Association, Entertainment, Arts and Sports Law (EASL) Section, Attorney and Faculty at Sotheby's Institute of Art

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This page contains a single entry from the blog posted on August 25, 2014 7:39 AM.

The previous post in this blog was "Art Fairs: An Irresistible Force in the Art World?".

The next post in this blog is Month in Review (August), Part 1.

Many more can be found on the main index page or by looking through the archives.