Dust off your collection sale check-list and add another set of boxes of bases to cover when you are contemplating the sale or exchange of artwork from your collection. Perhaps in reaction to the dreadful state of the economy, or
Museum Law Blog
The Museum Law Blog, published by Prince Lobel, focuses on legal issues affecting museums and the art world. Topics include artists' resale royalties under laws like the California Royalty Act, intellectual property concerns such as social media name squatting, and compliance with data security regulations impacting museums. The blog also covers tax strategies relevant to art collections, including 1031 exchanges for deferring capital gains taxes. Additionally, it addresses institutional challenges like museum closures, donor contract considerations, and deaccession policies. The content is aimed at helping museums navigate legal risks, regulatory compliance, and financial planning related to art and cultural property.
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Latest from Museum Law Blog
Twitter Squatting – A Growing Concern
By Pcarusoii
Recently a client of mine forwarded an email it received from a Twitter user which read in part “I have been told that your company uses the ___________ name in its ordinary course of business. I happen to own the…
Deadline Extended: March 1, 2010 Proposed New Deadline for Data Seucity Compliance (MA)
By Pcarusoii
Once again, businesses handling the personal information of a Massachusetts resident have been granted an extension to comply with the Massachusetts Data Security Regulations. The proposed new deadline for compliance is March 1, 2010. Personal information is defined as first…
The Artful Benefits of the 1031 Exchange
By Pcarusoii
Often, museums are fortunate enough to acquire a piece of artwork or a full collection at a wonderfully low price. Sometimes equally as wonderful, the artwork or collection may suddenly experience a dramatic rise in value, especially in a volatile…
When the Unthinkable Happens – Museum Shut-Down
By Pcarusoii
Brandeis University’s decision to “boost endowment” by closing the Rose Art Museum has been met with shock and dismay. According to the Wall Street Journal, Tony Pals of the National Association of Independent Colleges and Universities called the move “the…
Cultural Branding
By Pcarusoii
A recent article in the Wall Street Journal’s Leisure & Arts section (January 13, 2009) highlighted a novel approach to museum marketing and cultural branding. Italy has called upon the corporate world in an attempt to boost the visibility, value…
Privacy Law Extension Dates
By Pcarusoii
Massachusetts recently responded to an outcry from the business community in regard to the new privacy regulatiosn promulgated by the office of consumer affairs. An earlier blog entry summarized the new requierements. Here are the new deadlines:
Deadline Extension
The Office…
Massachusetts Privacy Regs – JANUARY 1, 2009 DEADLINE
By Pcarusoii
PLEASE READ!! IMPORTANT INFORMATION!!
With little fanfare, or more importantly little notice, the Massachusetts issued a set of privacy regulations which will affect virtually any business dealing with the personal information of Massachusetts residents. Regulations found at 201 CMR 17.00…
Island of Art
By Pcarusoii
The Wall Street Journal has an interesting article today highlighting the opening of the Museum of Islamic Art, which is scheduled for next week. According to the article, the museum, which is situated on an artificial island in the Persian…
Little House – You’re not in Kansas Anymore!
By Pcarusoii
According to KMBC news in Kansas City, a museum in southeast Kansas has been sued by a California production company as a result of the Museum’s name – Little House on the Prairie Museum. The Museum is a non-profit that takes in…