Kleine Weltin

Kleine Weltin

Saturday, April 11, 2015

Lawyer vs. Artist- Lawyer wins again

When it comes to making money off of an artist's artworks- who wins???

Claudia Worthington Hess writes:
The billionaire and his lawyers.  Why?  As an appraiser, one way of valuing personal property, is called the Cash Marketable Method.  In other words, measure how much income an artwork can generate from licensing, or products like T-Shirts, posters etc.  One problem!

Most artists will only make ONE of the work with no intention of turning that artwork into a cash generating machine.  That's why this billionaire got off the hook.  The artist could not prove he would earn money from his unique work, that this billionaire got knock-offs made of, in China.  The court ruled that this billionaire only has to destroy the knocked-off works.

I see people talking pictures ALL the time at Art Fairs- some with very bad intentions of turning the pictures into copycat art works made in China.


Artists!  Learn  how to protect yourself, and know that if you send a proposal to have one of your works used in a development, that if they don't use your work, and have a copy made instead, in China; you are OUT OF LUCK.  Hire a lawyer to see if this can be avoided.


Billionaire Igor Olenicoff, Guilty of Making Knockoffs of Famous Artworks, Will Pay Zero



https://news.artnet.com/art-world/billionaire-igor-olenicoff-guilty-making-knock-offs-famous-artworks-will-pay-zero-285373

They know EXACTLY what they are doing and how to get away with it.  


www.hessARTadvisory.com 

Tuesday, March 31, 2015

Friday, February 20, 2015

Art Heals!!! Duh!

Nature, ART, music--- heal thyself Naturally!!!!

www.hessARTadvisory.com


http://newscenter.berkeley.edu/2015/02/02/anti-inflammatory/

Monday, February 2, 2015

Can you treat ART as you do Real Estate for tax purposes?

Art Industry News 
February 1, 2015 - With 1031 exchanges, art investors avoid taxes
THE WALL STREET JOURNAL - Industry experts suggest that a federal capital-gains tax deferral, known as 1031 IRC like-kind exchanges, commonly used for real estate investment is increasingly used for art assets. To pass IRS scrutiny and obtain the tax benefit, taxpayers must meet certain requirements including hold their art as an investment, sell and purchase new "like kind" art of equal or greater value within 180 days and use a qualified exchanger to manage the swap.


The IRS requires art appraisals to be conducted by a QUALIFIED ART APPRAISER.   

www.hessART advisory.com

Monday, January 19, 2015

Art Collecting- FREE TALK Jan. 24th

San Francisco Fine Print Fair



Explore financial best practices for the prints in your collection with Claudia Worthington Hess, MBA and AAA certified fine art appraiser. Learn more about when and how valuations should be done and understand the role they can play in your decisions about buying, selling, insurance, donations, estate-planning and museum loans. FREE
Saturday Jan. 24th 9:30-10:30

Organized by the International Fine Print Dealers Association in conjunction with the San Francisco Fine Print Fair.

Friday, January 16, 2015

http://www.sanfrancisco-fineprintfair.com/index.html



“YOUR ART COLLECTION:
PROTECTING AND ENHANCING ITS WORTH”

Saturday, 9:30 – 10:30 pm 
Explore best practices for the prints in your collection with Claudia Worthington Hess, MBA, and AAA certified fine art appraiser. Learn more about when and how valuations should be done and understand their impact for insurance, donations, estate-planning and museum loans.