Pricing your art becomes a legal issue in a number of circumstances, including when you need to provide evidence for purposes of insurance, if there are disputes over contracts, when intellectual property rights are disputed. Both the buyer and the seller need to think about the legality of pricing issues. In recent years auction houses have been charged under antitrust (competition) law with collusion in setting prices, and with auction houses, galleries, and dealers you need to ensure the provenance and legality of the works involved.
Selling
A discussion of factors to take into consideration when pricing your art in order to ensure that you have legal credibility.
ArtBusiness.com [www.artbusiness.com]
Alan Bamberger/Aspects of Appraisal and Valuation for Legal Reasons
Alan Bamberger/Price Your Art Realistically
The Internal Revenue Service (IRS) has rules and regulations that affect both appraisers of art and the appraisals themselves. These rules and regulations have recently changed. These guidelines synthesize what is legally required for an appraisal that will have tax and/or insurance value.
Appraisers Association of America [www.appraisersassoc.org]
Appraisers Association of America/Elements of a Correctly Prepared Appraisal
Buying
Tips regarding issues to consider when buying art at auction or from a dealer or gallery.
Art Dealers Association of America [www.artdealers.org]
Art Dealers Association of America/ADAA Collectors’ Guide to Working with Art Dealers