To read this article in Spanish, click here. In a previous post, we discussed the chance discovery of Antiquities within our legal system. We stated that both the discoverer and the owner had the right to a compensation equivalent to half the value that the legal evaluation should give to the item, which would then be…
To read this article in Spanish, click here. Property which belongs to the Spanish Historical Heritage (Patrimonio Histórico Español o PHE) can not circulate freely around the world, even within the European Union, despite the existence of a single market and freedom of movement of people, goods and capital. The export of the goods, in the…
Transactions on works of art of great value, though lucrative, are often a source of concern for all parties involved, who may not be sure if their efforts will come to fruition. In response to certain irregularities in these operations, a legal figure has appeared at the international level whose presence is increasingly desired in…
As one of the few Spanish law offices that specialises in Art Law, we can confirm that the intervention in the complex world of Works of Art and Cultural Goods necessarily requires expert advice. In this field of expertise, several areas of practice are involved: Criminal Law (smuggling, crimes against Historical Heritage and crimes against…
The record achieved on November the 13th by a work of Francis Bacon, Three Studies of Lucian Freud (1969), in an auction held at Christie’s, New York, has caused widespread astonishment, featuring on the front pages of newspapers, and, above all, it has revealed to the public just how juicy the art business has become…
Introduction The art market is a prime example of British achievement in a highly competitive global environment. Britain has 29% of the global art and antiques market and is the second largest market in the world, second in size only to the United States. The British art and antiques market generated £7.7 billion in sales…
