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PRODID:-//Session events Calendar//IBA//EN
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DTSTAMP:20260501T020506Z
DTSTART:20171011T143000Z
DTEND:20171011T173000Z
SUMMARY:Is the art market truly global?
DESCRIPTION:Is the art market a truly global market? How is the art marke
 t affected by national heritage protection regulations\, in particular t
 hose regarding border controls restricting exportation of cultural prope
 rty? Does the art trade require national or supranational control? And w
 hat is the optimal level of regulation and compliance that the art marke
 t requires? Or is the invisible hand of the market a sufficient (or bett
 er) regulator of the public and private interests involved in the art ma
 rket? A panel of distinguished lawyers and industry experts will present
  opposing views on the above issues\, focusing on different crucial aspe
 cts of the art market.\n\nPart 1: political and economic implications of
  export permits\, the macro view\n\nPart 2: export control in theory and
  practice - How does export control works in four jurisdictions with dif
 ferent legal and heritage backgrounds?\n\nPart 3: interactive case study
 \n\nPart 3 will be an open discussion of a fictitious case involving the
  sale of a piece of art at a low price and its subsequent export by the 
 buyer from one EU country to another where the piece is resold and subse
 quently exported outside Europe. Both export 1 and 2 have been approved 
 by proper authorities for export\, the first such export on the basis of
  an application which very broadly but accurately describes the piece of
  art to be exported\, specifying the purchase price\, but not its age. W
 hen it is later found out that the piece could be a very valuable old ma
 sterpiece\, can the original sellers do anything and rescind/challenge/a
 ttack the sale? Can any of the export authorities revoke their respectiv
 e export license? What effect\, if any\, on each of the sellers/buyers\,
  if the original sellers and/or the export authorities do?
LOCATION:Room C2.5\, Convention Centre\, Level 2
UID:9c7b6f08-704c-41d2-888d-7e6d37b532d4
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