Petra Warrington
- Partner
- Art & Luxury Law
Art & Luxury Partner quoted in The Art Newspaper on gallery insolvencies and recovering consigned artworks
Art & Luxury Partner Petra Warrington has been quoted in a recent The Art Newspaper article exploring the challenges artists and collectors can face when attempting to recover artworks consigned to galleries that become insolvent.
The article examines the recent insolvencies of several high-profile galleries and the difficulties consignors may encounter when trying to establish ownership and reclaim works. It highlights the risks associated with informal arrangements and the importance of maintaining clear documentary evidence and written agreements.
Commenting on the issue, Petra explains that consignors should act quickly by contacting liquidators, asserting their ownership rights, and providing evidence of title. She also notes that insolvency practitioners are often unfamiliar with art market practices, meaning artists and collectors can face a lengthy and costly process when attempting to retrieve their works without adequate documentation.
Read the full article in The Art Newspaper here.
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