Presentations and discussions focused on CINOA and its member organisations’
Managing risk and the legal implications of transactions was the focus of the session conducted by Pierre Valentin of Constantine Cannon LLP, a specialist art market lawyer. Mr. Valentin highlighted the new rules seeking to protect consumers when buying off premises or as part of a distance selling transaction, such as using the internet, and what they mean for dealers and galleries doing business within the EU and with buyers based world-wide.
Socio-economic theories related to fakes and forgeries and their application to the art market were presented by Dr. Anna M. Dempster, editor of the recently published book "Risk and Uncertainty in the Art World". Through a better understanding of what happens to a market, dealers can use their expertise and knowledge to restore confidence in a market.
At the CINOA General Assembly, Dutch dealer Pieter Hoogendijk was unanimously re-elected as President of CINOA.
“CINOA will continue to promote and defend the dealer trade and lobby for regulations that allow our excellence and specialized dealing in cultural goods to be recognized. As of September, our Secretary General will be based in Beijing, which underscores our recognition of a truly international art market and our desire to expand our coverage to Asia,” explained Mr Hoogendijk.
CINOA, established in 1935, is the principal international confederation of leading art and antique dealers associations represents 5000 dealers from 31 associations in 22 countries. Dealers cover a wide array of specialties from antiquities to contemporary art. In addition, CINOA’s associate member, the International League of Antiquarian Booksellers (ILAB), represents 2,000 book sellers. Membership of CINOA is based on associations which bind their dealer members to adhere to reputable standards of quality and expertise.