Panel Chair and Moderator, ABA Section of International Law 2018 Annual Conference, "Private Art Market & Public Oversight: Can Creativity, Beauty and Passion be Regulated?" New York, NY
April 19, 2018 | 2:30 PM - April 19, 2018 | 4:00 PM EST
At the 2015 World Economic Forum in Davos, Professor Nouriel Roubini (NYU Stern) said that “Regulation is needed in the art market because it is vulnerable to money laundering, tax evasion, trading on inside information and price manipulation.” Since then, a number of high-profile scandals involving artworks worth millions of dollars have come to light. What is being done about it? Have regulations been enacted? Have these regulations had any effect? Has the art market become a safer place? Experienced art law practitioners from different jurisdictions will discuss (1) the current problems challenging the private art market, illustrated by numerous legal proceedings and court decisions in various jurisdictions, (2) the status of any regulatory efforts, (3) the impact these efforts have had, and (4) what to expect in the future.