What Is Due Diligence? Making the Case for a More Responsible Art Market
Due diligence is not a term that individuals unfamiliar with the art market might associate with it. It seems more familiar in the vocabulary of corporate takeovers and car insurance. Worryingly, due diligence isn’t even always a term associated with the art market for those directly involved in the trade, either. But should this come as a surprise? What does due diligence have to do with buying and selling works of art? The answer falls somewhere between maintaining the market’s integrity and mitigating risk within it.
KeywordsCultural Heritage Cultural Object Auction House Corporate Takeover Illicit Antiquity
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