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Art sales & finance - in good times and bad

Tuesday, April 28rd • 1 PM ET - (1 CLE Credit )

In the best of times, art sales and finance present components of escalated risk in comparison to more conventional commercial transactions. The sources of this risk-differential include light industry regulation, perceived and actual market volatility, a lush history of fraud and forgery, inconsistent secured transaction laws and regulations and limited chain of title data.  In recent years, tax changes, AML compliance and credit tightening from COVID 19, have added to the complexity of art transactions.  Art Sales & Finance will provide a review of the transactional basics, as well as provide a few guidelines in managing transactions within the current environment.

 
You can download the CLE materials here.
 
Presenters:
Thomas Fawell,
Thomas Fawell practices in the areas of mergers & acquisitions and capital formation, inclusive of 1940 Adviser Act compliance and real estate finance and development. Based in the Chicago offices of Rimôn, Mr. Fawell can also be found in the Miami office, where he also serves as Co-Founder and General Counsel of a hedge fund. Previously, Mr. Fawell served as Partner and Member of the Management Committee at Katten Muchin. Read more.
 
Tim Hunter, MA, Dr. Phil, FSA
Tim Hunter has over 25 years of experience in the commercial art world and has held a number of senior positions throughout his career. After working as a curator at the Ashmolean Museum, Oxford, he joined Christie’s in 1993 where he stayed for 16 years. He was variously a director of Impressionist and Modern Art; Head of 19th Century European Art; and a Senior Director in the Old Master & British Picture Department.

He left Christie’s in 2009 to become a Director at the art advisory and appraisal firm Gurr Johns, where he advised collectors around the world. In 2014 he helped to set up a new art-financing company, Falcon Fine Art, where he served as Vice President from 2014-2018, providing loans against art assets throughout Europe.

He now runs his own art consultancy firm, Venator Fine Art, which he founded in 2014. He has a first-class honours degree in Modern History from Magdalen College, Oxford and a doctorate in Art History. He continues to publish articles and lectures around the world. He advises the government on the export of works of art and has regularly appeared on television news (including the BBC, SKY and ITN). He is a Fellow of the Society of Antiquaries and is based in London.

CLE credits: This program is approved by the CA State Bar for 1 hour of CLE credit. NY bar members are also eligible for 1 CLE credit per course through NY's Approved Jurisdiction Policy. Most other states also recognize CA accredited courses. If you would like credit in any other state, please check your local state bar's regulations.


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Please note: The information transmitted in this CLE presentations do not create an attorney-client relationship between you and any Rimon attorney, and does not constitute legal advice.