The panelists, who are experts in their respective fields, included, Mrs. Aderonke Akinyele-Bolanle, founder, Jade Art Consulting; Ana Collazo Acha, CEO of Aworanka and Chinyere Akachukwu, an intellectual property lawyer at Kenna Partners.On provenance, Acha maintained, “artwork is the most valuable object, as it is the primary source of provenance data.
While speaking extensively on the legal issues that arise during the resale of artworks, Akachukwu said, “the danger with not having good provenance is that fraudulent sales of art could be made . Under the law, a person simply cannot give a title he or she does not have. The development of provenance as great practice will do wonders for the Nigerian Art scene. It will bring Nigerian artists a step closer to receiving better renumeration in the international art market.
“The resale rights is on the idea that artists should benefit from the increase in value of their work overtime. The resale right essentially ensures that the artists and his estate are given a percentage of the proceeds from resale of the artwork. This is more common where the artwork is sold to art dealers, art auctions and in the open market.”
On the importance of provenance to art collectors, Akinyele-Bolanle went on to buttress the point that “verified provenance can prove the authenticity of a piece and greatly increase its value. Since art has been collectible for thousands of years, determining where a piece comes from is often a complex work of historical study and documentation.
Since the Society for Art Collection was established, it has been involved in educating the public through programmes such as seminars, workshops and colloquiums. It has also promoted the appreciation of artists, their arts and culture.