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Selling Artwork in a Turbulent Economy

Consignor protections and potential treatment in bankruptcy

Given the distressed economy in which art businesses are currently operating due to the global COVID-19 pandemic, galleries and auction houses are likely to be at greater risk of becoming insolvent. Artists and art collectors may be surprised to discover that they have different rights, depending on their connections to the consigned artwork, the types of consignees with whom they’re doing business and the locations of their consignments. Let’s review several key factors that inform the


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