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ARTICLE · 19 JUNE 2012

The Studious Studio - Business Practices For Artists

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The recent troubles of Knoedler Gallery, now airing in the press and later, presumably, in the courtroom, may shed some light on certain art world concerns.

United StatesMedia, Telecoms, IT, Entertainment
Christine Steiner
Christine Steiner
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The recent troubles of Knoedler Gallery, now airing in the press and later, presumably, in the courtroom, may shed some light on certain art world concerns – due diligence, gallery sale practices, sophisticated fakes/forgeries, and problems with authenticity in the market. This piece discusses the importance of carefully managing the business of artistic production. These considerations include strict inventory lists, transaction history, image and information database management, responsible studio control, and good artistic practices in general.

In one of our December blog articles, we discussed an artist's catalogue raisonné as a crucial source of information for any collector conducting pre-purchase due diligence. There, we said that omission of a work from an artist's catalogue raisonné indeed can prove fatal to any potential resale of a work, notwithstanding proof the owner may offer to support authenticity. We advised that potential art buyers should exercise

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