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Avoiding Legal Pitfalls in Art Transactions
Speaker(s): Amelia Brankov, Emily Thompson, Nica Gutman Rieppi
Recorded at: Art Southampton 2015

Avoiding Legal Pitfalls in Art Transactions

Often collectors only discover legal issues with their artwork years after they purchase it, making it difficult, if not impossible, to remedy the situation.

Talk Details

This presentation discusses legal problems that can arise with the purchase of art, the due diligence that collectors should perform before buying artwork, and ways to structure art transactions to reduce risk.

Attendees of this session will learn about:

  • Legal issues involving authenticity, valuation and title to artwork
  • Conducting pre-sale due diligence
  • Structuring art transactions to minimize risk
   

Speaker Details

Nica Gutman Rieppi

Nica Gutman Rieppi is the Manager of US Operations for Art Analysis and Research (US) LLC, which specializes in the technical study of paintings using technical art history and science-based analytical approaches. She obtained a BA in Art History and French at Emory University, Atlanta, before studying for her MA and Certificate of Advanced Study in Art Conservation at the State University College, Buffalo, and an MA in Art History at the Institute of Fine Arts, New York University. She worked for 6 years at the Philadelphia Museum of Art and, since 2001, she has subsequently been Associate Conservator for the Samuel H. Kress Collection at the Conservation Center of the IFA in New York where she also taught graduate students technical examination and imaging techniques. She continues as Adjunct Professor. She joined AA&R in 2014 and runs their New York office. Ms. Rieppi’s expertise is in the technical examination of works of art and she has undertaken and published important studies such as on the recent rediscovery of Leonardo da Vinci’s lost Salvator Mundi.

Amelia Brankov

Amelia K. Brankov is Counsel at Frankfurt Kurnit Klein & Selz PC, and a member of the firm’s Art, Intellectual Property and Litigation Departments. She serves as outside general counsel to art galleries, curators, antiquities dealers, art advisors and conservators. She also represents businesses and executives in the art, entertainment, advertising, fashion and media industries, resolving disputes over contracts, copyrights, trademarks, motion picture rights, right of publicity claims and false advertising claims. She is a member of the Art Law Committee of the New York City Bar Association, and the Acquisitions Committee of the Guggenheim Museum’s Young Collectors Council.

Emily Thompson

Emily has over 12 years’ experience in the fine art world. Her work has included appraisals for private and institutional clients (both public and corporate), and for various high profile foundations and estates. She has also guest lectured at Sotheby’s Institute of Art on the Impact of Condition on the Value of Fine and Decorative Artworks. Emily previously worked as an Associate Specialist in the vintage poster department at Swann Auction Galleries, New York, and completed internships with the European Works of Art Department at Sotheby’s New York and the Mei Moses Fine Art Index, NY. She has a BA in Art History and English from Hobart & William Smith Colleges, NY, and an MA in Arts Administration from New York University. Her professional memberships and affiliations include The American Association of Museums, ArtTable Inc, POWArts and the Phi Beta Kappa Society. She is certified in the Uniform Standards of Professional Appraisal Practice (USPAP).

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