Protecting Artists Legacies in the Contemporary Art Market

Expired

Program Number

3005

Program Date

2020-02-10

CLE Credits

The conventions of the contemporary art market present unique challenges to artists and those entrusted with stewardship of artists legacies, including preserving the value of their artworks, maintaining their authenticity, and even material conservation of the artworks in their original form. Unlike traditional paintings and sculptures, which possess definitive materiality, conceptual artworks or artworks that need to be reactivated rely on documentation as an integral part of the work itself, making the relationship between artists or artists estates and purchasers increasingly more contractual. This panel will discuss the risks and best practices for artists and artists estates to protect an artists legacy through advance planning, including the unique challenges presented by conceptual and nonmaterial artworks and considerations for artists wills and foundations.