Mark Mermelstein Quoted On Rightful Ownership of Lost Art


Los Angeles-based White Collar and Corporate Investigations partner ​Mark Mermelstein, recently spoke with Canadian Art regarding rightful ownership of presumed lost art. Three printed canvases by Cal Lane were, until recently, presumed lost in transit; however the shipper's settlement offer was never accepted. 

According to Mark, situations like Cal Lane's hinge on the matter of settlement. "If a carrier pays out replacement value, it would typically get the benefit of the salvaged value of the recovered work."