When dealers go bust, what happens to the art they hold?

Photo caption: Former art adviser Lisa Schiff is facing two civil lawsuits relating to accusations that she defrauded clients. Photo credit: Udo Salters / Patrick McMullan via Getty Images. Article by Riah Pryor. The Art Newspaper – October 2, 2023.

Establishing ownership and value of works can be a complicated business, as recent legal cases have shown

It was a busy summer for the art professionals tasked with sorting through the fallout of discredited dealers and intermediaries. August saw multiple court filings advance the case of the New York-based adviser Lisa Schiff and her now-shuttered companies, Schiff Fine Art and SFA Advisory, whose works of art are being liquidated to satisfy creditors […]

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