Create additional income with your art By Alan E. Katz, Esq. “A booming art market has many investors viewing their collections in a new way—as cash machines.” So reported The Wall Street Journal in an article by Andrew Blackman from June 14, 2015. Blackman notes that, with art prices rising, many collectors realize that the value of their art collections…
Create additional income with your art By Alan E. Katz, Esq. Licensing your art is an excellent way to develop a supplemental income stream. According to the Graphic Artists Guild, licensing is a $70 billion industry, and art licensing accounts for 10 percent of the licensing market. You can license your artwork to be reproduced on a wide range of…
What you need to know before signing on the dotted line By Alan E. Katz, Esq. After months or years of searching, you have finally found the ideal studio space. The location, light, and rent all meet your criteria. The only thing between you and your ability to move in and start creating art is the dreaded lease. Negotiating an…
What the Visual Arts Rights Act does and doesn’t protect By Alan E. Katz In 1958, a private collector donated an Alexander Calder mobile to the Pittsburgh International Airport. Calder crafted the mobile, “Pittsburgh,” of aluminum and iron—two signature Pittsburgh metals. Shortly thereafter, officials at the Allegheny County Department of Aviation decided to have the black-and-white mobile painted in Allegheny…
How art-title insurance can protect you from unexpected lawsuits. By Alan Katz, Esq. You may have bought a work of art, but are you sure you own it? How do you know whether the IRS or creditors of any prior owner have filed claims on your artwork? Art-title insurance entered the art-market scene in 2006. Only one company, ARIS Title…
