In Episode 14 of the Art Market Podcast, Georgina and Tom welcome their first ever guest: Jon Sharples, the London-based art lawyer who spends his working life at the legal coalface of the art market.
They dive what auction manipulation, and the business model in which investors buy dozens of works by an unknown artist and manufacture a secondary market from nothing.
Next, they turn to the wave of London gallery insolvencies, from Blain Southern to Stephen Friedman, and why artists in the UK are so badly protected when their gallery goes under: no obligation to segregate artists' funds, contracts that evaporate on insolvency, and warehouse liens artists never knew they had agreed to.
Plus: the misunderstood role of Agency Law, Artist's Agent, Damien Hirst and the dodgy dated works, the collapse of the Artists Pension Trust.
Enjoy! ____________________________________________________________
✉️Email questions at hello@theartmarketpodcast.com ____________________________________________________________
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