RECENT DEVELOPMENTS
- New INTERPOL App Puts A Due Diligence Tool In the Hands of Art Buyers
Last week, the International Criminal Police Organization (better known as INTERPOL), an international organization that facilitates cooperation by law enforcement organizations around the globe, announced a new project that may be of interest to art collectors, dealers, and anyone involved in high-end art transactions. INTERPOL has released a mobile application that allows a user to, among other things, quickly and conveniently determine whether a work of art appears in INTERPOL’s database of stolen artworks. The app, called ID-Art, is free and available in several languages, and on Android or iOS mobile devices. - Grossman LLP Expands Practice with Addition of Seasoned Litigator
Samantha A. Daniels joined the firm from Gibson, Dunn & Crutcher LLP, where she was part of a renowned appellate practice. She has extensive experience with high-profile, high-stakes cases, including lawsuits involving questions of first impression relating to the employment status of gig workers for Uber and Postmates, as well as complex class actions, where she helped secure decisive victories for Apple, and securities litigation against Argentina, resulting in a $2.1 billion judgment for NML shareholders. Samantha received her law degree from the University of Chicago Law School, where she published her student comment on consumer protection. And she earned a double bachelor’s degree in history and political science, magna cum laude, from Cornell University. - On Appeal, Second Circuit Reverses Fair Use Ruling In Dispute Over Andy Warhol Artwork
Since 2017, we’ve been following the federal lawsuit between the Andy Warhol Foundation and photographer Lynn Goldsmith. In mid-2019, a federal judge in New York dismissed Goldsmith’s copyright infringement claims against the Foundation, ruling that a series of Warhol artworks based on an image taken by the photographer were protected as fair use. But now, the Second Circuit Court of Appeals has reversed that decision, in an opinion that has potentially wide-reaching impacts for the Foundation, for appropriation art generally, and for anyone in the art world who is interested in the ongoing question of how courts handle the difficult concept of fair use. - NFTs: A Look at the Art Market’s Newest Trend, Common Misconceptions, and Thoughts on the Future
There has been a lot of buzz—okay, that’s an understatement—about NFT art lately, and it may feel confusing to those who hail from the more “traditional” art world. Here at Grossman LLP, we’ve been intrigued by this phenomenon, and now this post aims to discuss some of the basics about NFTs and some widespread misconceptions about them. We also offer some thoughts on how they may potentially impact the art market going forward.