ART LAW

  You are the Director of a State-owned museum/gallery collection of contemporary art by internationally recognised artists. Your institution has no money to buy new works to develop the collection. A prestigious contemporary artwork your institution is keen to acquire has been listed for a forthcoming public auction sale. At the same time, a rich private collector has just offered to buy a work from your existing collection for a price that would give you sufficient money to bid high enough to buy the new prestigious work. Identify and address the key legal and ethical issues the Director should now consider; and why.