Experts from Deloitte and Schindler Cohen & Hochman LLP will discuss art market risk factors as they pertain to the purchase, sale or financing of art. Among other things, title, authenticity and attribution risks, in the aftermath of Knoedler will be addressed. They will consider the types of due diligence and documentation typically required by buyers, sellers and lenders.
Attendees will learn:
- The right questions to ask in considering the purchase, sale or financing of fine art.
- How to assess risk in the art market.
- Legal concepts of authenticity and title and their importance in art transactions.
- Due diligence requirements in buying, selling, or financing art.
- What contractual protections are advisable in mitigating against art market risks.
Please take note that this session will take place live on July 9th during the 1AN Symposium at Art Southampton.
Steven R. Schindler
Steve Schindler is a founding partner of Schindler Cohen & Hochman LLP, a litigation and art law boutique located at 100 Wall Street in New York City. Steve heads SCH’s Art Law Group. This practice area, which has grown steadily over the past decade, combines SCH’s formidable litigation expertise with a deep knowledge of the art market and its specific legal issues. Steve regularly advises art galleries, other art related businesses, collectors, artists, and not-for-profit corporation in the art space on transactional matters, such as the sale and acquisition of art and their relationships with dealers, banks and auction houses, and has litigated cases involving the authenticity, title, provenance and appraisals of art. As a trusted advisor, Steve also provides outside general counsel services to art clients.
Steve is on the faculty of the Sotheby’s Institute of Art where he lectures on art law. He is the Chair of the Art Law Committee of The Bar Association of the City of New York. Steve sits on the board of Artists Space, an organization dedicated to the support of emerging artists. Steve often speaks on legal and industry sponsored panels relating to current topics in art law.
Katie Wilson-Milne practices in the areas of commercial litigation, art law, not-for-profit organizations, and intellectual property.
As part of SCH’s Art Law Group, Katie advises clients in the art, cultural and creative communities, including art galleries, other art businesses, collectors, artists, and not-for-profit corporations in the art space on transactional matters related to the purchase, sale, lending and financing of art, as well as gallery, auction house, and museum relationships. She also litigates cases and represents art clients in disputes involving representation, collaborations, contracts, copyright, authenticity, title, provenance and appraisals. Katie also provides general counsel services and provides a wide range of governance advice to art clients.
Phillip Ashley Klein
Phillip Ashley Klein, spearheads Deloitte’s Art & Finance Practice in the U.S. The group’s offerings – which span Deloitte’s consulting, tax, audit and advisory businesses – delivers creative solutions to the individuals and institutions at the crossroads of business, finance and the arts.
Klein helps his clients with their customer and growth strategies, operating model transformation, and work around mergers and acquisitions. He serves the firm’s investment management clients globally, which includes asset and wealth managers, private banks, hedge funds, family offices, as well as art-business ventures.
Most recently, he has helped lead research efforts around “robo-advisor” disruption and art as an asset class, with a concentration in the burgeoning art fund market and growth in art secured lending. Phillip is an alumnus of Morgan Stanley and Citi, and read Management and Finance at Loughborough University in the United Kingdom.