A Year of Transformations

Recent developments in the art world that estate planners should know about.

This past year has been one of transformations: a government agency wishes to re-evaluate the operational definition of “public trust;” a precedent-setting case gave an artist the right to reject attribution to a work; art purchasers were handed a landmark decision designed to “clean up” the art market; and the Trump win may have some idiosyncratic effects on the investment potentials in the art market.

Public Trust

In March 2016, the App

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