Friday, Nov. 14, 8pm
Admission Fee: $5
Sometimes a painting isn’t purchased just for love. Are you shocked? Find out more about this area of COMMERCE with attorney and art world insider Franklin Boyd. She will help us all – but artists especially – to better understand the art market for what it is, an infamous niche sector of high finance with a uniquely irrational character.
While there have always been speculators in the art market, greater access to market data has caused more traditional investors to reconsider the investment possibilities of so-called “treasure” assets. For investors and institutions who are active in traditional capital markets, what benefits or risks does the more loosely regulated art market offer? Why would an international bank want to be associated with an art fair? Should we worry about market manipulation? Is the whole market “overpriced” and ready to pop?
Franklin Boyd works at the intersections of contemporary art, finance and law. Following her presentation, she will take questions and conduct a conversation. Priority for questions or comments will be given to artists and art world professionals.
Franklin Boyd is the founder of Xipsy, Level Rights and Boyd Level and is the creator of the Negotiated Resale Right for Artists. Franklin also maintains a general commercial law practice with a concentration on matters related to contemporary art and is a venture capital investor in socially conscious businesses. She teaches art finance, market and law courses at the Sotheby’s Institute of Art and is a current or former board member of Art in General and SmartSpaces, both located in New York, and Zer01, headquartered in Silicon Valley. Franklin holds a BSFS from Georgetown University’s School of Foreign Service, a juris doctorate from NYU Law School and began her legal career at Cravath, Swaine & Moore after having worked in the General Counsel’s office of the Metropolitan Museum of Art in New York and for the State Attorney General of New York.
teaches art market law at Sotheby’s.