international law firm of michael r. polin
fine arts & antiques
GEMS & FINE ARTS
The International Law Firm of Michael R. Polin has an extensive and eclectic clientele which includes fine arts and rare gem collectors.
From time to time, old master paintings such as Vincent Van Gogh. Dali, Monet, and Rembrandt among others will be offered for sale to and from private parties. Fine Arts and Rare Gemstones can include alexandrite, rubies, emeralds, and diamond gems or paintings, sculpture, architecture, music, minerals, photography, visual arts, and performing arts. These transactions are highly confidential for both sides and are not made public. The Law Firm of Michael R. Polin respects this confidentiality and is very strict in its enforcement, which is part of the excellent service to all involved parties in such a transaction.
The Polin Law Firm is happy to effectuate the entire transaction between the buyers and sellers when asked to act as legal counsel.
During the course of the representation the Polin Law Firm is involved with critical facets of the transaction. All sales will likely include experts provided by the parties for the purposes of the following sales process:
1. Authentication, which consists of art-history expertise to determine the attribute of authorship (Catalogue Raisonne, Authenticity Certificate, Exhibitions, Literature).
2. Technological Review, which focuses on forgeries and mistakes in determination of authorship.
3. Identification and Verification, where verification is conducted to identify the painting. One of the standard modern procedures for initial verification is “Matching,” where two depictions are overlaid matched and zoomed to 1000% with use of special equipment—one depiction from Catalogue Raisonne and a digital photo of the painting itself. This is done to detect whether the structure of the canvas and oil match or are altered. This procedure is standard for auction houses, galleries, and art dealers. This procedure is done to verify the matching of the painting to the original painting present in the Catalogue Raisonne and published in literature.
4. Title Verification, which consists of four steps: verification of ownership, provenance, Art Loss Register, Interpol database and legalization of painting, as well as verification of import export limitations to other countries where one party may reside.
5. Condition Report, a report of the physical condition of the painting at the present time as well as defects, peculiarities, canvas preservation, restoration, etc.
6. Appraisal and Estimation, a determination of the actual market value of the painting at the present time and an insurance value of the painting and potential appraisals and estimates of value for the prospects for value increase for buyer over time.
This verification process is a standard procedure and part of due diligence that is used for each and every viewing as practiced by the auction houses and private experts around the world.