Carolina Academic Press

The second edition of Art Law & Transactions presents the transactional structure of art law in three primary segments: acquisition, ownership, and disposition. This transactional focus highlights the uneven development of art law as art seems to alternate between ordinary commercial status and exceptional status. Chapters on acquisition explore acquisition venues and the core legal issues of authenticity and title. The ownership section begins with crossing borders, followed by moral rights, and art loans. Finally, the disposition section concludes the transactional timeline with sales and exchanges, gratuitous dispositions, and valuation.

Much has happened in the field over the last decade. This new edition cites over 50 new cases and includes 16 new principal cases. There have been major case developments to restitution and repatriation claims, moral rights and VARA, and to the fundamentals of art law including deaccessioning, bankruptcy, contracts, auction practice, and forgery. Also, the text offers drafting exercises and questions throughout to challenge students to think like lawyers, and the updated teacher’s manual offers instructional guidance.