Partner Hetty Gleave comments in The Art Newspaper on the outcome of the arbitration battle over a Monet, between its owner, David Joel, and the Wildenstein Institute:
“The decision confirms there is no independent tribunal that determines attribution in these kinds of disputes. Authors of the catalogue raisonné are generally recognised as the arbiters of authenticity, which must be disappointing for those who can produce credible expert evidence but are unable to persuade the authors to include their work. The French court has declined to upset art market convention in this case, leaving catalogue authors in a powerful position.”
Read the full article in The Art Newspaper here.