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The City Is a Winter Wonderland © Sonya Sklaroff 2024

Collecting fine art is a passion. However, owners need to be knowledgeable as to the various risks of damage and loss to their collections and take appropriate steps to mitigate those risks. To address some of these issues, we have compiled a four-part series:

The Dos and Don’ts of Art Protection

Insurin [ ... ]

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Consignment agreements are contracts between a gallery and an art owner that allow the gallery to display and/or sell the artwork. Like a loan agreement, a consignment agreement does not transfer ownership rights to the gallery and specifies that ownership transfers from the artist directly to the purchaser upon payment in full. These agreements typically include information about t [ ... ]

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Art is both a cultural and financial asset, making its physical protection crucial. The Los Angeles wildfires in January 2025 underscored the importance of safeguarding works of art. This wasn’t the first wake-up call for threats to art. For example, Hurricane Sandy in October 2012 flooded New York City’s Chelsea art district, leading to numerous claims for water-damaged artwork [ ... ]

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Prints by renowned Washington artists will be sold at a special sale at Hemphill Artworks on May 31, 2025 to benefit Washington Area Lawyers for the Arts (WALA). WALA, a 501(c)(3) organization, has served the legal needs of the Washington DC, Virginia and Maryland arts and cultural communities since 1983, but has recently suffered a catastrophic funding loss. All proceeds from sales [ ... ]

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23andMe Holding Co. (“23andMe”), a personal genomics and biotechnology company, has provided consumer genetic testing for nearly 20 years. On March 23, 2025, the company announced that it had “initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Eastern District of Missouri…to facilitate a sale process to maximize the value of its business.” Ac [ ... ]

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UPDATE: On April 21, 2025, a class action lawsuit was filed in Texas against Toyota Motor North America Inc., Progressive Casualty Insurance Company and Connected Analytics Services, a data broker, alleging violations of the Federal Wiretap Act (“FWA”), as amended by the Electronic Communications Privacy Act of 1986 (“ECPA”), and invasion of privacy, in addition to violati [ ... ]

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