Long considered the gold standard in legal and tax guidance for visual art professionals and their attorneys, ART LAW is now even more valuable to anyone involved in this complex, interconnected industry. Teeming with new information and analysis and many new sample documents, the three-volume Third Edition of ART LAW is the one resource you must consult to help ensure you formalize rock-solid agreements, maximize tax savings, and minimize legal liabilities. Stocked with more timesaving forms, checklists, charts, and procedural guides than ever before, ART LAW enables you to help art professionals:Draft effective agreements - which clearly define the rights and obligations of the parties involved, whether they"re artists, dealers, collectors, investors, appraisers, museums, or auction houses.Avoid legal pitfalls - including breaches of duty, conflicts of interest, estate and tax planning errors, and missteps in international transactions.Exploit tax-saving opportunities - such as deducting losses on the sale of a collection, creating annuity trusts, and maximizing deductions for charitable contributions or transfers. Distilling an immense body of law into three practical, transaction-enabling volumes, the Third Edition of ART LAW is required reading for anyone who buys, sells, collects, appraises, authenticates, exhibits, restores, invests, or advises in the visual art world.