Art lawyers are professionals who specialize in the legal aspects of the art world, such as contracts, intellectual property, authentication, provenance, restitution, taxation, and litigation. They help artists, collectors, dealers, galleries, museums, and other stakeholders protect their rights and interests in the art market.
The art market is a complex and dynamic sector that involves a variety of transactions and disputes, often across different jurisdictions and cultures. Art lawyers can provide valuable advice and representation in these matters, ensuring that the parties involved comply with the relevant laws and regulations, avoid potential risks and liabilities, and resolve any conflicts or issues that may arise.
The art market is also a significant and growing part of the global economy. According to Statista, the sales value of the art market worldwide was 67.8 billion U.S. dollars in 2022, reaching the second-highest value reported in the last 15 years. The art market is comparable in size to other major private markets, such as venture capital, private equity, and real estate. Moreover, the art market has shown resilience and innovation in the face of the COVID-19 pandemic, with online sales and non-fungible tokens (NFTs) becoming more prominent and popular. The art market also contributes to the cultural and social development of society, as it supports the creation, preservation, and dissemination of artistic expressions and heritage.
Therefore, art lawyers play an important role in facilitating and enhancing the functioning and value of the art market. They help ensure that the art market operates in a fair, transparent, and ethical manner, respecting the rights and interests of all parties involved. They also help foster a culture of trust and cooperation among the various actors in the art world, promoting a positive and productive environment for artistic creation and exchange. By doing so, art lawyers not only serve their clients, but also serve the public interest and the common good.
To learn more about art Law, register and participate in our Entertainment Law training scheduled to hold in September. See more details below;
Modules for this training include;
1. Music Contracts & Agreements
2. Film & Media Agreements
3. Art Law
4. Talent Acquisition & Management
5. Licensing & Intellectual Property Law
6. Sports Law
Other details are:
Theme: Entertainment Law Mastery 2.0
Date : 28th & 29th September, 2023
Venue: NECA House, Alausa, Ikeja, Lagos
Time: 9am – 5pm daily
Registration Fee:
Physical Session
60,000 Naira | 45,000 Naira (early bird – ends 8th September, 2023).
Registration Link- https://bit.ly/3YixvAm
Virtual Session
50,000 Naira | 35,000 Naira (early bird – ends 8th September, 2023).
Registration Link- https://bit.ly/44U5Rfs
This session promises to be practical session and lawyers on all levels are welcome to register. For more information contact Lawlexis on 09029755663 or lawlexisinternational@gmail.com. Looking forward to welcoming you at the training.
Image Credit: Njideka’s 2017 ‘Bush Babies’ is known as the most costly recorded Nigerian Art piece sold. Her blended media piece sold for $3.4M (N1.2 Billion) at Sotheby’s New York, authoritatively breaking the record as the most costly Nigerian art piece.