THE TOPOROVSKY AFFAIR AND THE IMPORTANCE OF DUE DILIGENCE TO AVOID THE JAIL: a couple of collectors in Belgium arrested for lending allegedly fake artworks

    Benedetta Lupo
    artlaw club

    By ArtAdvisor Elisa Carollo on Artlaw.club

    Our Art Advisor Elisa Carollo talks on the ArtLaw.club about the importance of due diligence, both on the buyer and dealers side, as shameful negligence can easily turn into criminal liability, and jail. Also in view of the recent ruling on the Toporovsky scandal and more strict AML regulations recently introduced, nobody in the art world can still blissfully unaware of the higher standards of due diligence required today to operate in the market. Read the article here or as a PDF below.