Ties That Bind

The US is the global art market's leading trading nation (42% by value in 2023), and its judicial decisions on business trading practices often strongly influence other trading nations. [...]with this fourth factor Hermès' claimants may encounter legal difficulty: a substantial amount of t...

Full description

Saved in:
Bibliographic Details
Published in:Art monthly 2024-05 (476), p.45-45
Main Author: Lydiate, Henry
Format: Magazinearticle
Language:English
Subjects:
Antitrust
Art dealers
Art markets
Competition policy
Contemporary art
Purchasing
Sales
Visual artists
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The US is the global art market's leading trading nation (42% by value in 2023), and its judicial decisions on business trading practices often strongly influence other trading nations. [...]with this fourth factor Hermès' claimants may encounter legal difficulty: a substantial amount of trade in the tied product's market is harmed; in other words, proving that sales of the other Hermès ancillary products that a customer is required to buy would cause harm to competitor sellers of such additional products. Greater China is the global art market's second leading trading nation (19% by value in 2023), and its Anti-Monopoly Law has been developed since 2007.
ISSN:0142-6702
2059-5255