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An undercover Caravaggio demonstrates the importance of agreeing valuation plans in advance

High-value artwork has hit the headlines recently: the record sale of Picasso's 'Women of Algiers (Version O)' and the release from prison of the convicted forger Wolfgang Beltracchi have excited both the tabloid and the broadsheet press.

There was the recent movie release of 'Woman in Gold', where there is an attempt to reclaim a family Klimt painting looted by the Nazis. Less well publicised was Mrs Justice Rose's important decision in Thwaytes v Sotheby's, handed down in January this year.

To read Dan Saunder's summary of the case and advice for those interested in selling works of art at auction, go to Spear's Wealth Management Magazine.

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