Art News. Vasari Codex

Art Publisher Owes $102.2 Million in Damages for Late Robert Indiana Works

A Manhattan jury has ordered art publisher Michael McKenzie to pay $102.2 million in damages for creating unauthorized or adulterated versions of works by the late Pop artist Robert Indiana. The lawsuit, brought by Indiana’s former business partner the Morgan Art Foundation, alleged that McKenzie produced Indiana-related junk products that infringed trademark and copyright, including reproductions of Indiana’s iconic “LOVE” design and the artworks *The Ninth American Dream* (2001) and *USA FUN* (1965). The jury found McKenzie liable for exploiting Indiana in the final years of his life, after the artist granted power of attorney to his caretaker, Jamie Thomas.

article policy schedule Aug 1, 2025 visibility 12 link 1 artist

senator john fetterman proposes bill to apply anti money laundering protections to us art market

On July 23, U.S. Senator John Fetterman introduced the Art Market Integrity Act, a bill that would apply anti-money laundering (AML) and counter-terrorism financing regulations to art dealers, auction houses, galleries, advisers, consultants, custodians, museums, collectors, and other intermediaries in the art market. The legislation amends the Bank Secrecy Act, requiring these entities to conduct client due diligence, maintain records, and report suspicious transactions. It exempts artists selling their own work, nonprofits, and businesses with under $50,000 in annual art transactions. The bill is co-sponsored by Senators Chuck Grassley, Sheldon Whitehouse, Bill Cassidy, Andy Kim, and David McCormick.

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