Providing estimates to prospective clients promptly and with precision is a must, yet it’s also something a lot of contractors still overlook or handle half-heartedly.
Even with the rising property prices and interest rates, some real estate markets have remained hot throughout 2023, mostly due to their relative affordability compared to the rest of the US.
This article will provide an overview of legal and ethical issues/cases in the art market such as important contract principles; provenance; expert opinions and liability, authenticity disputes and scandals; and alternative dispute resolutions examining legal and business relationships among artists, dealers, collectors, and auction houses. The discussion of copyright and the appropriation of images by artists, such as works of art by Richard Prince and Jeff Koons, is equally crucial to bring to our notice.
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