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Published online by Cambridge University Press: 01 May 2025
This chapter examines issues concerning the secondary market for visual art--when artworks are resold after their initial sale by the artists. After considering the tension between art as creative expression and art as a commodity, bought and sold for profit, the chapter looks at how art dealers work with collectors; issues that can arise when works of art are entrusted to dealers; conflicts of interest that may arise for dealers; potential issues with appraisals of artworks in connection with resale; the legal rules governing art auctions; and some of the legal and ethical issues that can arise when art auctions go awry, such as the discovery after the auction that a work of art is not authentic.
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