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Copyright Law

: The Art Law Blog

UBS Shuts Down Art Advisory Business

By Intellectual Property Law, Esq.

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The AP reports that UBS has "closed its 'art banking' department, which helps rich clients buy and build collections. The department was created in 1998 and provided customers with research on prices and artists, and consulted them on estimates, transport, storage, restoration and inheritance of art works."

Felix Salmon says the announcement "is pretty shocking ? but also a little heartening, to those of us who love art for its intrinsic rather than its monetary value." The Art Marker Monitor has some thoughts in response.

Full post as published by The Art Law Blog on April 02, 2009 (boomark / email).

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