Widely acknowledged as the cornerstone reference for visual art professionals and their attorneys since it was first published in 1989,Art Law provides unsurpassed legal, business, financial, tax, and estate planning information and guidance for this major sector of thecreative arts.Written by two of America's foremost art law authorities, the new fourth edition of Art Law enables you to Draft effective agreementsclearly defining the rights and obligations of the parties involved, whether they're artists, dealers, collectors, investors, appraisers,museums, or auction houses Create tax-advantaged strategies for collectors and artists - with the help of detailed coverage ofcomplete and partial inter vivos charitable transfers, noncharitable transfers, deductions of expenses when selling collections, outright bequests of artwork, and income tax deductions for expenses when creating art Minimize the legal exposure of clients -by helping collectors avoid valuation errors, dealers avoid conflicts of interest, artists avoid copyright infringement, and auctionhouses avoid antitrust violations and other illegal practices.Just published, the new fourth edition has been completely updated to reflect the most recent legal developments and business trendsand includes new material on such areas as Holocaust-looted art, stolen art claims by sovereign entities, and the liability of sellers andcurrent owners in such cases. Art Law includes a host of step-by-step, field-tested checklists and a vast storehouse of adaptable modelagreements involving collectors and dealers, owners and dealers, and dealers and dealers, as well as forms for appraisals, fine artlicenses, property exchanges, tax-free exchanges, loans and promised gifts from artists' estates, dealings with auctionhouses, privateand public commissions, and museum donations.Distilling an immense body of law into two practical, transaction-oriented volumes, the new fourth edition of Art Law isrequired reading for anyone who buys, sells, collects, appraises, authenticates, exhibits, restores, invests, or advises in the visual art world.