Remove Artwork Remove Document Remove Due Diligence Remove Ownership
article thumbnail

NFTs: promisingly transformational, yet fraught with IP pitfalls – Part I

Kluwer Copyright Blog

Image by Tumisu via Pixabay Non-fungible tokens (NFTs) are altering society’s notion of digital ‘ownership’ and redefining the common perspective on distribution of original works to consumers by introducing scarcity to the digital realm.

article thumbnail

Titleless Tales of the Headless

LexBlog IP

However, two months later, the museum filed a complaint against NYDA to block the seizure order by contesting its rightful ownership of the statue. The purchase document describes the statue as “Figure of a Draped Emperor (Probably Marcus Aurelius), Roman, late 2nd Century A.D., million from a New York gallery in 1986.

article thumbnail

U.S. Treasury Study Rejects Immediate Need for New Regulation of Art Market

LexBlog IP

AML/CFT regime related to beneficial ownership, real estate, and investment advisers and nonfinancial gatekeepers before turning its attention to the high-value art market.” ” [5] The Report only discussed money laundering, ignoring other known risk areas in the art market, such as the sale of forged or stolen artworks. [6].

Art 52