Fine Art And Cultural Property: Theft, Fraud And Loss Prevention-Fine Art And Cultural Property: Theft, Fraud And Loss Prevention

Video Transcription

Video Summary

The webinar titled "Fine Art Theft, Fraud, and Loss Prevention" featured David Hall, a partner at Wigan and Dana LLP, discussing the importance of ownership of cultural property and the risks of art theft. Hall shared examples of theft cases involving stolen or misappropriated art ending up in court. He highlighted the significance of the three pillars of art theft prevention: physical security, human resources, and internal controls. The webinar covered various examples of art theft cases, including instances of theft by insiders and burglaries. Hall emphasized the importance of due diligence, background checks, and inventory control in mitigating the risk of art theft. The presentation also touched upon new technologies like DNA tracking for artwork and the use of databases such as the Art Loss Register. Attendees engaged in a Q&A session, addressing questions about the effectiveness of the three pillars of art theft prevention and the importance of utilizing databases for stolen art.

Asset Caption

Date of Publication: February 23, 2016
Duration: 58 min

Theft and fraud present a big risk in the high value art market. This webinar utilizes some case studies to illustrate the various parties involved in and repercussions of theft and fraud. Strategies for loss prevention are presented.

Meta Tag

Module Fine Art

Keywords

Fine Art Theft

Fraud

Loss Prevention

Cultural Property Ownership

Art Theft Risks

Art Theft Prevention

Physical Security

Human Resources

Insider Theft