An Italian story of bad luck and lack of diligence

on 29th June 2017 in

Summary

In a recent judgment, a Milan Court rejected a claim for the loss of value of a sculpture loaned by an Italian public entity to a Belgian museum arising from the alleged damage caused by a fall of the sculpture whilst on loan to the Belgian museum. The judgment is a reminder that in the absence of a detailed condition report, the alleged damage can be difficult to prove.

 

Pierre Valentin is a solicitor. He specialises in art law. For the last 20 years, he has advised art collectors, art market professionals, artists and their estates and museums and galleries on all legal issues arising when buying and selling art and managing art collections. He is a Partner of Constantine Cannon LLP, a London and New York boutique law firm. He handles a mix of contentious and transactional work including fraud and dispute resolution, restitution and repatriation, private treaty sales, consignments to auction, tax solutions around art, import and export, raising capital against art and art investment funds. Prior to joining Constantine Cannon, Pierre was a Senior Director and Associate General Counsel at Sotheby's. He is a trustee of the World Monuments Fund in Britain and of the Artists' Collecting Society. He teaches art law at a postgraduate level at the Sotheby's Institute, the London School of Economics and Christie's Education. Pierre is fluent in French, Italian and Spanish.

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