ARTiculated

THE ART PERITUS BLOG

No more posts
Avatar
12/Oct/22
warhol-4_custom-56581aa1ad743e3c83ecf7ad3e91734c33d436a3-s1600-c85-1200x845.webp

Should the Warhol Foundation compensate the Photographer Lynn Goldsmith for referencing her photograph of Prince, or is it Fair Use? Two different courts had different opinions on the matter, so this case has moved all the way up to the Supreme Court. The decision will actually be televised on CSPAN today and will have a major impact on Art Law.

The Art World is all ears because the decision will have trickle down effects in terms of Fair Use and many organizations, including Museums, are concerned. There are fears that Artists will not have freedom of expression. But at the same time, when there is so much sharing of images with social media and reuse, should artists get some sort of licensing compensation or attribution? Especially when artist’s who derive from their work make upwards of millions of dollars?

Art Peritus will watch this case closely to determine if the decision has any impact on value for contemporary works of art.

To read more about the case read the article by Nina Totenberg in NPR: https://www.npr.org/2022/10/12/1127508725/prince-andy-warhol-supreme-court-copyright

Image Reference: A portrait of Prince taken by Lynn Goldsmith (left) in 1981 and 16 silk-screened images Andy Warhol later created using the photo as a reference. Courtesy Collection of the Supreme Court of the United States


Avatar
06/Oct/22
Blue-and-White-Dragon-Vase.jpeg

Have you heard the news? A Blue-and-White Dragon vase just sold for $7.5 Million—more than 4,000 times its $1,900 estimate according to artnet. “It exceeds the price of Napoleon’s saber!” said the flabbergasted French auctioneer who sold it.

According to the article by Caroline Goldstein, “The tianqiuping-style vase, featuring intricate blue designs of dragons and whorls on a white ground, was consigned by a woman who had never even seen the 21-inch-tall object. She had simply arranged for it to be sold from her late mother’s estate at the France-based Osenat auction house in Fontainebleau, France, about 40 miles from Paris.”

We asked Paul J. Fisher, Director of Appraisals and Business Development for Art Peritus, for an opinion on the matter. He recalled a similar story with the Qianlong vase that fetched £53.1M at auction in 2010, but as many will remember this vase was subsequently never paid for.

In regards to the Dragon vase bidding war, Paul says this occurs more frequently than might be expected. He commented:

“This remarkable sale shows the ongoing demand for important works, and it repeats the age old pattern of sellers not always knowing what they have. Advising private clients on the value of their property, however esoteric, is Art Peritus’ specialty.”

Curious to know what you have? Contact us for a consult at info@artperitus.com.

For more details on the saga of the Qianlong vase click here: https://en.thevalue.com/articles/exclusive-leak-sothebys-hong-kong-2018-qianlong-yellow-ground-reticulated-yangcai-vase-2010-bainbridge

Read about the Dragon Vase here: https://news.artnet.com/market/chinese-dragon-vase-unexpected-sale-8-million-2185468