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14.09.2021 | Online Panel

NFTs, or non-fungible tokens, are the talk of the art market, and the technology is setting new records at ever shorter intervals.Speculators are spending a fortune on digital artworks, seeing them as a promising investment. Artists are hoping for new sales channels. Our international experts talk about the legal challenges of the new technology on both sides of the Atlantic, sound out the seemingly limitless opportunities for the art market, and raise the urgent question of the environmental compatibility of NFT transactions.

  • It started with a bang: The selling of the NFT artwork “Everydays: The First 5000 Days” by Beeple at Christie’s marked a highlight. The rising star of NFT art had reached a point, where it was visible for everyone. In our discussion we will ask experts, who observed the rising from the beginning and who will give their assessments of the prospects for NFT art.
  • NFT art – What’s the DEAL with it?
    Starting with a retrospective, when digital art entered the art market, we will then focus on the collectability of NFT art and its value.
    In addition, ownership- and copyright aspects shall be subjects of the discussion in passing.
  • How to cool down a hot debate: Finally we will thematize the enormous energy consumption of CryptoArt and ask our experts for possible solutions under the aspect of Corporate Social Responsibility.

This webinar was held in English.

Speakers:

Prof. Dr. Dirk Boll studied law and wrote his PhD thesis on distribution systems for art and the legal framework of the international art market. He joined Christie’s in 1998. Following several positions in Germany, Switzerland and London, in 2017 he took over the position of President Christie’s EMEA (Europe & UK, Middle East & Africa). Dirk Boll is also a lecturer at the University of Hamburg on the subject of Art Management. He is a regular contributor to various daily papers and international magazines, and has published several books on the international art markets. His view on the post-Corona art markets was published in December 2020 (“What’s different this time? Economic Crisis and Art Market 1990/2001/2009/2020”, HatjeCantz 2020).

Sophie Neuendorf is Vice President at artnet. She has over 10 years of experience within the art market, with a focus on the online art trade, art as an asset class, and data-driven decision making. Additionally, she is on the Advisory Board of ArtDeal AG, which focuses on the online presentation and trade of emerging artists. Most recently, she developed artnet’s ESG policy and report, and is spearheading the development of sustainable business practices within the art industry. Sophie is also a contributing editor for artnet News as well as Lux Magazine, a Conde Nast publication focused on sustainable luxury.

Prof. Dr. Sebastian Omlor, LL.M. (NYU), is a full Professor of Law and the Director of the Institute for Law and Regulation of Digitalisation (www.irdi.institute) at the University of Marburg in Germany. He holds the chair for Private Law, Commercial and Business Law, Banking Law and Comparative Law. On behalf of and financed by the German Federal Ministry of Justice, he and his team research the legal framework of blockchain technology (2020-2023). Besides the field of blockchain and tokenization, his research focuses banking and company law, the law of payment and financial services, the law of digitalisation, and the legal concept of money.

Full Bio: https://www.uni-marburg.de/de/fb01/professuren/zivilrecht/prof-dr-sebastian-omlor

Vandana Taxali (B.A.Sc., J.D., LL.B, C.Arb) is an art-tech entrepreneur and intellectual property lawyer with over 15 years experience practising in the area of technology, blockchain and arts/entertainment.

She is the founder of Artcryption, a platform to protect, manage and licence art, digital assets and IP with NFTs and blockchain technology.  She is also an art arbitrator with the International Court of Art at the Hague. Vandana serves on the Standard Council of Canada blockchain committee and the Art Identity Standard, NFT Working Group which is a consortium of art industry leaders developing a universal art ID standard.

Full Bio

Twitter: @medialegal
LinkedIn: https://www.linkedin.com/in/vtaxali/ 

Introduction:

André Philip Pantel is Managing Director of the Deutsch-Amerikanische Juristen-Vereinigung (German-American Lawyers Association, DAJV) since 2018. After an apprenticeship at Deutsche Bank and a law degree, he worked, among other things, as editorial director of a law magazine. Before joining DAJV, he held a senior position responsible for events at Frankfurter Allgemeine Zeitung.

LinkedIn: https://www.linkedin.com/in/an%C3%A9-php-pal-20764a15a/

Moderation:

Dr. Pascal Decker is partner at dtb rechtsanwälte and professional advisor to the artmarket. He advises on foundation formation, business succession, market positioning and artists’ estates. His clients include collectors, artists, galleries and museums, but also medium-sized entrepreneurs, associations and foundations.

In July 2020 he has co-founded legeARTIS Compliance, a company which advises art dealers and galleries in the implementation of all challenges relevant to money laundering law.

Since December 2020 he is Chairman Supervisory Board of artnet.

LinkedIn: https://de.linkedin.com/in/dr-pascal-decker-ab3b8070 

Alisa Sero studied law at the University of Potsdam and graduated in 2018 with the first state examination and a Bachelor of Law. From 2018 to 2020, she worked at two different law firms based in Berlin. Since May 2020, she has been a legal trainee in Berlin, where she is currently completing her traineeship at dtb rechtsanwälte and preparing for the second state exam.