MA in Art Law and Arts Management > Artwork Transactions – Legal aspects of international trade in art (dealers, museums, collectors, collection as investment property, auctions, auction houses)
Artwork Transactions – Legal aspects of international trade in art (dealers, museums, collectors, collection as investment property, auctions, auction houses)
Τeaching hours and credit allocation: 44 hours, 8 credits
This module aims to equip students with a sound working knowledge and understanding of key legal skills required in order to operate successfully in the arts market. The roles and responsibilities of artists and professional managers in relation to legal and related business issues will be examined, and the students will be provided with a detailed and advanced understanding of latest developments in law and practice of artwork transactions. This course also aims to analyse the export procedure of objects of art, the protection of artists’ rights, and to enable students to critically evaluate international statutes related to the acquisition and disposal of works of art.
On completion of this module, students are expected to be able to:
- develop an understanding of the legal framework of the arts market
- understand the legal context within which professional practice in arts market is grounded
- explore the use and development of laws governing art investment
- develop knowledge of different types of contracts concerning artwork transactions
- develop knowledge of auction rules
- analyse artist’s moral and intellectual property rights
Content
- history of the art market rules
- codes of ethics
- intellectual property and copyright protection
- acquisition of works of art and art loans
- types of contracts
- contracts between/among artists, dealers, auction houses, collectors, museums and the state
- rules and contracts relating to the procedure of export of artwork
- disposal of works of art
- legal framework of sales of artwork in auctions
- art taxation