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Authentication process
involves researching provenance and stylistic analysis, moreover scientific testing like radiocarbon dating is used to determine if a work is genuine
Arguments for being a Leonardo
left-handed hatching
Arguments against being a Leonardo
weak provenance and stylistic evidence being inconclusive
Contemporary Art as an investment
can offer significant investment advantages as there is the possibility of financial gains especially since the market for art is continuing to grow as people seek profit and status
vulnerability of art investment market
the market is that it is poorly regulated allowing for forgery, money laundering, and tax evasion to fester.
issue that leads to losses and depreciation of value
overproduction and flipping
Auction catalogues, what’s included?
describe pieces that will be up for sale such as date of creation, images and estimated prices to bring attention to pieces.
What is often omitted from auction catalogues
important information like provenance, condition, and even ethical/legal concerns
Why should omitted info be included?
could reveal illicit trade
Albert Barnes foundation
a large concentration of modernist works and were displayed in a unique system to teach visual perception.
violations of Barnes’ public trust?
rigid rules that limited public access to his institution
controversy of Barnes’ foundation
The collection was of incredible value and Barnes required that the ensembles remained unchanged, placing tension on government structures as they could not sustain the institution.
European artworks during WWII
referred to as Aryan and where taken by Nazis to house in hitler’s museum or to be placed in private collections
Modern artworks during WWII
labeled “degenerate art”, these pieces were sold abroad for profit, used to push Nazi propaganda and even destroyed
Who did Nazis target and why?
Jewish-owned collections and culturally significant objects in order to erase Jewish culture and empower their regime.
Orphan antiquities
have unclear or disputed ownership and were often lost through war, illicit trade, and colonialism leading to issues surrounding legality of ownership.
Reasons orphan antiquities should be accepted into museums
to preserve and protect them from further damage.
to public access to the pieces and educate people on art.
museums can step in as owners since no legitimate owners are able to be identified, ultimately protecting the cultural significance of the pieces.