It also covers all recent tax laws and their consequences. Art Law is a hefty two-volume set by Ralph Lerner and Judith Bresler that provides comprehensive legal information for collectors, dealers, investors, and artists. In so doing, you can minimize your legal exposure in typical situations where disputes and disagreements tend to occur. Anyone can benefit from reading this book. Appraisers can find out how to adhere to professional appraisal standards in order to avoid lawsuits.
Auction houses can learn how to protect themselves from legal problems.
Dealers and collectors can discover how to structure foolproof consignment agreements. Readers can also learn how to respond to situations where forgery, theft, or misrepresentation are involved. Apropos of nothing, let me throw in my 2 cents on the legal industry. Art Law is just another reminder to think long and hard before hiring attorneys if you have even the slightest chance of resolving disputes on your own. Litigation under any circumstances is costly, time consuming, divisive, acrimonious, complicated, expensive, and plenty of other awful words that we're far better off living without.