XML FeedsLIMITS OF OWNERSHIP - PART II
By admin on Mar 12, 2010 | In Law | Send feedback »
While the theft history of a particular artwork or art object may be known to the thief and the receiver of the stolen work, what are the consequences of the sale of the work for value to an innocent purchaser who does not know its past history? Who bears the loss if the work is later identified as stolen? Should it be returned to the original owners free of the claim of the purchaser? Should it remain with the new purchaser who is innocent of wrongdoing? What effect, if any, does theft or disputed title have on value? In either case, one innocent person bears the loss.
