Art Law Team Advise on Ground-Breaking Arrangement Brokered by Sotheby’s between the L.A. Mayer Museum for Islamic Art in Jerusalem and The Al Thani Collection Foundation
Our art law team was delighted to advise the Herman-De-Stern Foundation, along with the L.A. Mayer Museum for Islamic Art, Jerusalem, on the recently announced, ground-breaking arrangement brokered by Sotheby's with The Al-Thani Collection Foundation, a non-profit organisation whose core mission is to advance and promote arts and culture.
The press release providing further details of the arrangement may be viewed here.
Fred Clark and Nigel Stone advised on the contractual arrangements to bring about the collaboration, which includes the loan of a major work from the L.A. Mayer Museum for Islamic Art’s collection, a magnificent silver vessel from the legendary ‘Harari hoard’, which will be exhibited for regular extended periods over the next ten years at The Al Thani Collection Foundation’s new museum space due to open in the Autumn 2021 at the Hôtel de la Marine in Paris.
As a result of the arrangement, the items that were planned for sale with Sotheby’s are to be returned to the L.A. Mayer Museum for Islamic Art following the philanthropic intervention by The Al-Thani Collection Foundation. There will be a decade of collaboration and exchange of loan objects between the L.A. Mayer Museum for Islamic Art and The Al-Thani Collection Foundation, which will enhance cross-cultural cooperation. The Al-Thani Collection Foundation will also provide an annual sponsorship to the L.A. Mayer Museum for Islamic Art during this period.
We applaud the efforts of all parties to implement a solution for the benefit of art and culture as a whole.