Alert & Key Legal Matters
Alert & Key Legal Matters
NOTICE I:
ART FRAUD
- Protecting what matters
According to the inaugural Wealth Report* from Chubb released in December 2023, High-Net-Worth (HNW) individuals in Canada and the United States find it more challenging than ever to build and protect their wealth.
According to the inaugural Wealth Report* from Chubb released in December 2023, High-Net-Worth (HNW) individuals in Canada and the United States find it more challenging than ever to build and protect their wealth.
HNW individuals list climate and internal home-related risks, the economy, fraud and potentially ruinous lawsuits as the key challenges.
80 % of respondents own treasured collections such as fine art, jewellery, cars, fine wines and other valuables. 62% of them say they have a passion for what they collect while 38% see collection items primarily as an investment.
87% of respondents listed ART FRAUD as the top risk to their collection.
The Wealth Report is based on a survey of 800 High Net Worth (HNW) individuals in the USA and Canada conducted in September and October 2023 on behalf of Chubb.
In 2023, massive art fraud in the Canadian art market shook the market and more is expected.**
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** https://news.artnet.com/art-world-archives/the-first-suspect-in-a-massive-canadian-art-fraud-is-sentenced-2409902
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NOTICE II:
MANAGING ART FRAUD RISK
- The importance of the Primary Market & Provenance
For art to increase in value, authenticity and impeccable provenance are among the essential conditions.
Beware of
: falsified or forged documents or affirmations presented by any seller either through the Internet or through galleries or private individuals and auctioneers. Such practices constitute a criminal offense.
As Mary Rozell, global head of the UBS Art Collection, the world's largest corporate collection, explains***:
" Buying artwork is risky… You have to ask the right questions, do due diligence, especially on the secondary market… We (UBS Art Collection) almost always buy works on the primary market… "
" (...) For secondary market works, another level of due diligence is necessary, focusing on a work’s authenticity, provenance and condition."
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An original artwork by Marcil can be purchased from his estate, Patrimoine Marcil, the only recognized source from which Marcil's artwork can be bought on the primary market.
To purchase artwork by Marcil on the secondary market, take note that Patrimoine Marcil is René Marcil's estate and the only body empowered by law to confirm authenticity, provenance and to issue certification.
The Patrimoine Marcil Committee can be reached at all times at: https://www.renemarcil.org/contact
Patrimone Marcil is registered at the ARS, New York : https://arsny.com/
Marcil’s artworks are in the Collections Nationales de France and MAD, Palais du Louvre, Paris, and form part of important collections worldwide.
The Patrimoine Marcil Committee
NOTICE III: RIGHTS AND REPRODUCTION
Patrimoine Marcil rigorously protects itself against unauthorized uses of its copyrights including but not limited to copyright under the Digital Millennium Copyright Act (DMCA) and the Computer Fraud Act and trademarks. Any use including but not limited to Data and Image scraping from websites, social media or other platforms digital or otherwise for use for training Machine Learning models or for use in other elements of AI powered tools are strictly prohibited unless expressly authorized in writing beforehand by Patrimoine Marcil.
Through outside counsel and in conjunction with Artists Rights Society (ARS) and its sister societies worldwide, Patrimoine Marcil aggressively pursues and takes appropriate action against all unlawful uses of its intellectual property in all forms and media.
If you wish to reproduce Marcil imagery in an online catalogue or website or for other commercial purposes such as licensing merchandise, please contact Artists Rights Society (ARS) at 212-420-9160 (phone); 212-420-9286 (fax) or www.arsny.com
If you wish to reproduce Marcil's work in a newspaper, periodical, book or research paper or make use of Marcil images and reproduce artworks for educational purposes, please contact the Artists Rights Society (ARS) at 212-420-9160 (phone); 212-420-9286 (fax) or www.arsny.com. Patrimoine Marcil charges only nominal fees in an effort to encourage scholars to make use of Marcil images.
If you wish to know more about René Marcil (1917-1993), please reach out to:
The Patrimoine Marcil Committee
If you wish to reproduce Marcil imagery in an online catalogue or website or for other commercial purposes such as licensing merchandise, please contact Artists Rights Society (ARS) at 212-420-9160 (phone); 212-420-9286 (fax) or www.arsny.com
If you wish to reproduce Marcil's work in a newspaper, periodical, book or research paper or make use of Marcil images and reproduce artworks for educational purposes, please contact the Artists Rights Society (ARS) at 212-420-9160 (phone); 212-420-9286 (fax) or www.arsny.com. Patrimoine Marcil charges only nominal fees in an effort to encourage scholars to make use of Marcil images.
If you wish to know more about René Marcil (1917-1993), please reach out to:
The Patrimoine Marcil Committee
https://www.renemarcil.org/contact
N.B. The contents of the above three Notices are current as of date of publication. Any examples cited therein do not guarantee similar results in the future. Said content in the above three Notices does not constitute legal advice. Rather, it is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
N.B. The contents of the above three Notices are current as of date of publication. Any examples cited therein do not guarantee similar results in the future. Said content in the above three Notices does not constitute legal advice. Rather, it is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.