Tuesday 4th April 2017
9.00 – 10.00: Delegate registration and breakfast networking in the Business Pavilion
10.00: Opening remarks from the conference chair, Georgina Adam
10.05: Opening keynote speech: Sree Sreenivasan, Chief Digital Officer, New York City
10.10 – 11.10: NYLON – The New York and London art markets, post-election and post Brexit, what does the future hold for both art markets? With an increasing number of art businesses operating between the two jurisdictions, this session will open with a legal and tax overview outlining the differences between the two cities including aspects such as corporate tax, VAT vs sales tax, temporary admissions, AAR and other IP rights, data protection, terms & conditions and litigation. In addition, what is the road map for the UK once Article 50 is triggered?
Speakers: Azmina Jasani (Constantine Cannon) and Craig Davies (Rawlinson & Hunter)
The session will open into a conversation moderated by Judd Tully exploring the advantages and challenges of running a business in both cities, with perspectives from a UK art business expanding its operations in the US. Additionally, with rising rents and costs associated with running an art business, what might be the alternatives and future business models?
Speakers: Matthew Girling (Bonhams) and Lisa Schiff (Schiff Fine Art) and John Martin (John Martin Gallery & Cromwell Place), moderated by Judd Tully.
11.10 – 11.30: Morning refreshment break and networking in the Business Pavilion
11.30 – 12.15: Digital Presentation: 250 years of selling art – what would James Christie make of our digital world? Speaker: Marc Sands (Christie’s)
Marc will talk about how digital innovation is changing Christie’s, from photography, mobile apps, content, e-marketing and virtual reality. He will also talk in detail about online sales at Christie’s, describing what has and hasn’t worked, lessons learnt and suggestions as to how these experiences could be adapted for other businesses considering launching online sales. He will be joined by a specialist from Christie’s who has worked on both the traditional and online auction side of the business and will present a case study providing some guidance and sharing experiences. With online sales at Christie’s up by more than 100% on last year, this is an increasingly important part of the growth of their business, bringing with it some surprising added advantages…
12.15 – 13.00: Cyber Crime and the Protection of Digital Art
The art market has seen a huge rise in the production and sale of digital artworks, which in themselves have presented major challenges to the art business community to exhibit, protect, transport and conserve such artworks, and has also opened new exposures to cyber risks. Cyber risk is not like any other risk we face today, with other exposures the vulnerabilities are obvious and so are the potential solutions. This session will address and interrogate three main issues. Firstly, the legal concerns around digital art, e.g. how and to what extent does the vulnerability of the digital environment impact on an artist’s moral rights? Secondly, what is the position of the artist, or indeed the owner of art portrayed through a multi-media system should the system be “hacked” and the idea/concept/work copied? How is the loss of value addressed for something that has not been damaged but replicated? And finally, what is the insurance industry doing to provide appropriate solutions to owners of digital art from these new and emerging risks?
Speakers: Richard Nicholson and Robert Salmon (Willis Towers Watson) and Nancy Mertzel (Herrick)
13.00 – 14.00: Buffet lunch served in the Business Pavilion
14.00 – 15.00: Freeports and the art market – what does the future hold?
The session will open with a background history on freeports and the growing demand for fine art storage services, followed by an insight into the tax and customs relating to freeports, and concluding with developments in the US market together with a relevant case study.
Speakers: Mary Pat Kohberger (Deloitte), Diana Wierbicki (Withers), Micaela K Saviano(Deloitte), Helen Cousineau (Deloitte), Tom Sapienza (ARCIS) and moderated by Adriano Picinati di Torcello.
15.00 – 16.00: Digital innovation for art businesses – a panel discussion
This session will explore the future of digital in the art market with a panel of experts. It will also include a practical guide on how art businesses can maximise their digital visibility, with the growing importance of content no matter what their size or budget is.
Speakers: Marc Sands (Christie’s), Jesse Ringham (SUTTON), Sebastian Cwilich (Artsy), JiaJia Fei (Jewish Museum) and moderated by Sarah Hanson (The Art Newspaper)
16.00 – 16.15: Refreshment break in the Business Pavilion
16.15 – 17.00: The Art of Risk Management and Litigation – prevention, lessons learned and subrogation
This panel discussion brings together an Insurance Broker, Underwriter, Claims Manager and Attorney to offer a 360 perspective on fine art insurance and its complexities, including coverage, claims and subrogation. It explores the process of filing claims, adjusting claims, document retention, subrogation / litigation procedures, loss ratios and renewal pricing implications.
Speakers: Natasha Fekula (XL Catlin), Ellen Ross (Arthur J Gallagher), Wendy Lindstrom (Messner Reeves LLP) and moderated by Jennifer Schipf (XL Catlin)
17.00 – 18.00: Walking the tightrope – privacy vs transparency
In the wake of recent scandals involving forgery, tax evasion and money laundering, there are growing calls for more transparency in the art market. At the same time, there are good reasons to maintain client confidentiality. This panel will look at how to balance the legitimate need to protect buyers’ and sellers’ interests with complying with the law and improving industry standards – and how this could be done in practice.
Speakers: Julian Radcliffe (Art Loss Register), Nanne Dekking (Artory), Megan Noh (Bonhams), Clinton Howell (CINOA & Howell Antiques) and moderated by Georgina Adam
18.00: Closing address: Kevin Lay (ARCIS)
18.00 – 19.00: Evening networking drinks
19.00: Conference close