An Introduction to Art and Finance

McAndrew, Clare

doi:10.1002/9781119204688.ch1

Cited by 21 publications

(4 citation statements)

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“…As Lotti (2016) stated (McAndrew, 2012), art objects are considered ‘consumer durables’ on the one hand, since no monetary benefits are achieved from them; on the other hand, these art objects are regarded as an alternative capital asset class that yields a return for their appreciation over time in secondary markets. Dora Baran Gamosa has a scope to be considered as a classic artefact that can be put under valuation because of the intellectual property associated with it.…”

Section: Discussionmentioning

confidence: 99%

Scope for Branding Dora Baran Gamosa Through Intellectual Property Rights and Technology

Borsaikia,

Kalita,

Dutta

2023

Journal of Heritage Management

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Dora Baran’s (the groom stole/apparel of the Assamese community) value proposition is created by its contemporary designs, motifs, symbols, yarn richness and, made-to-order provision between the bride and the finesse of customary institution xipinie (Assamese word for Weaver). This apparel can be an avenue for the handloom weavers to increase and sustain a regular household income. However, it needs integrated marketing between buyers and weavers through multiple platforms, and thus, creating a niche or customized market. The business environment for the sector includes about 10,50,189 weavers operating through household looms, self-help groups, unorganized handloom sheds, handloom cooperatives and the regulatory authority of the Directorate of Handloom and Textiles and, policy intervention by the Ministry of Handloom Textile and Sericulture, Directorate of Economics and Statistics Assam. (2022). Statistical Handbook Assam-2022, 54th Edition. Government of Assam. This sector is severely constrained by product consistency, trust and deceptive quality of yarn, distressed sale and an infringement by Ghuni. The intrinsic challenges are depleting artistic weaving skills, revenue leakage from the Assam region, the stagnancy of income through weaving vocation and certain health hazards attributed to the weaving skills and age of the weaver. As a result, the Traditional Cultural Expression (TCE) is vanishing due to neo-societal norms and the weavers are switching to commercial weaving, short-term livelihood activities with little scope of sustainability within the local innovation system of the Assam region. The authors argue that the void between the demand side and supply side is due to a lack of trust, generic artistic skill and inconsistency of the yarn and artefact quality. The authors propose policy intervention of synchronizing branding strategy with registration for design rights, rule of law and block-chain technology solutions to imbibe authenticity and reliability across the supply chain.

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Section: Discussionmentioning

confidence: 99%

Scope for Branding Dora Baran Gamosa Through Intellectual Property Rights and Technology

Borsaikia,

Kalita,

Dutta

2023

Journal of Heritage Management

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“…Considering the functions of non-fungible tokens, some authors agree with the idea that non-fungible tokens are unique ownership indicators of some tangible or digital items, and therefore should not be considered as securities (Von Appen 2021; Beckman 2021). However, some authors also underline that in cases where the NFTs are used with an investment aim, then there is a utilization that is more akin to securities 31 (Von Appen 2021; Barbagallo 2022;Wilson [2019Wilson [ ] 2022McAndrew 2010;Gatto and Walter 2022;Schickler and Handagama 2023). Some examples provided for these uses by these authors are: where the purchasers focus on the investment value and the future gains instead of the ownership of a unique item; where there are fractionalized 32 NFTs involved or where several items are pooled into a single NFT.…”

Section: Non-fungible Tokens and Their Property Statusmentioning

confidence: 99%

Non-Fungible Tokens and Select Art Law Considerations

Ekinci

2023

Arts

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Since 2021, non-fungible tokens (NFTs) have been a popular topic which has kindled the interest of art and technology enthusiasts and professionals. Some had very high expectations for the potential of NFTs, and in some cases, made an assessment for NFTs that go beyond the existing limits of NFTs. There have also been others who approached NFTs suspiciously and in some cases, described them as a hoax. The purpose of this study is to examine the important effects of NFTs on the art world and art law, and to consider NFTs’ current and potential impacts. In this context, this article first provides an introduction to NFTs and why the author finds it interesting to think about legal issues surrounding NFTs. After providing definitions of non-fungible tokens and highlighting technical aspects of NFTs, the article then discusses select legal issues surrounding NFTs, such as the importance of legal terms and conditions of an NFT purchase, legal qualifications of NFTs, artwork ownership, artwork authenticity, artwork provenance and intermediary liability for NFT sales. One of the aims of this study is to put forward clearly what should be expected of non-fungible tokens and their potential. Another objective is to underline the fact that the unique dynamics of the art world necessitate having a unique perspective for legal matters relating to them, which is satisfied with art law and its professionals. Ultimately, this paper aims to contribute to having a more comprehensive understanding of non-fungible tokens and their impact on the art world and surrounding legal questions.

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“…While not as common as currency, artworks are also vulnerable to forgery, as they are usually authenticated by experts, thereby leading to much human error [ 3 , 4 , 5 ]. Considering the enormous size of the global art market amounting to €51 billion, a more systematic and scientific method of artwork authentication is therefore necessary [ 6 ]. In contrast, document forgeries are considered major issues in police departments because they cause economic problems and pose an actual danger to the public as they can be involved in crime [ 7 , 8 ].…”

Section: Introductionmentioning

confidence: 99%

Recent Advances in Counterfeit Art, Document, Photo, Hologram, and Currency Detection Using Hyperspectral Imaging

Huang

Mukundan

Tsao

et al. 2022

Sensors

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Forgery and tampering continue to provide unnecessary economic burdens. Although new anti-forgery and counterfeiting technologies arise, they inadvertently lead to the sophistication of forgery techniques over time, to a point where detection is no longer viable without technological aid. Among the various optical techniques, one of the recently used techniques to detect counterfeit products is HSI, which captures a range of electromagnetic data. To aid in the further exploration and eventual application of the technique, this study categorizes and summarizes existing related studies on hyperspectral imaging and creates a mini meta-analysis of this stream of literature. The literature review has been classified based on the product HSI has used in counterfeit documents, photos, holograms, artwork, and currency detection.

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An Introduction to Art and Finance

Cited by 21 publications

References 0 publications

Scope for Branding Dora Baran Gamosa Through Intellectual Property Rights and Technology

Scope for Branding Dora Baran Gamosa Through Intellectual Property Rights and Technology

Non-Fungible Tokens and Select Art Law Considerations

Recent Advances in Counterfeit Art, Document, Photo, Hologram, and Currency Detection Using Hyperspectral Imaging

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