In the wake of its consumer abuses, including the creation of millions of unauthorized accounts, Wells Fargo is desperately attempting to clean up its image and instate a series of protocols to avoid such issues in the future.1 Recently, the Federal Reserve (“Fed”) ordered the San Francisco-based bank to cap its growth and improve its…
Author: Hunter Chamberlain
Opaque Chandeliers and the Need for Greater Art Auction Regulation
The art world is notoriously secretive and opaque. Common business practices across the spectrum of collectors, galleries, and auction houses can seem highly idiosyncratic to people on the outside, thereby presenting some interesting legal challenges. As the art market rose to unprecedented heights during the 1980s and 1990s, and on into the early 2000s,…
Related Impact? Support for Public Art by Private Developers
When real estate developers assess the financial viability of a project, many different variables come into play. Of chief importance are the tax breaks and incentives doled out by municipalities for highly desired developments, but the expense of public art does not always enter into the equation. Impact fees for art and the required inclusion…