Our site uses cookies

I agree Our site saves small pieces of text information, called “cookies” on your device. Find out more in our cookie policy. You can disable the usage of cookies by changing the settings of your browser. By continuing to browse the site you are agreeing to our use of cookies.

Ownership woes: legal lessons from the $1.2m Chagall dispute

The art world drama surrounding Marc Chagall’s ‘Wallflowers’ is just one example of a dispute where an asset is transferred but the ownership position is not entirely clear. The rules around ownership can be a legal maze – here’s what HNWs need to know, writes Sophie Wettern.

To read more, go to Spear's Wealth Management magazine.

Related Expertise

Art and heritage property

Related in brief posts

Banksy’s shredded masterpiece – who bears the loss?

Maurice Turnor Gardner discusses Banksy's infamous girl with a red balloon 'disaster' and asks - who picks up the bill when priceless art is damaged beyond repair?

How a daughter tried to block her dad’s wedding

A father was in for a shock when his daughter attempted to block his marriage due to concerns relating to his capacity and her inheritance. Here’s what we can learn from the family’s ordeal.

How Lady Lucan disinherited her heirs

The rights to leave your property to anyone after death is largely exercised in the UK, but the rules aren't set in stone as disinherited heirs still have hope to challenge a will.