Brush with history: Mills & Reeve advises first artwork trade on new stock exchange in $55m IPO
Legal Leonardos at law firm Mills & Reeve have advised on the $55 million IPO of a masterpiece painting on the world’s first art stock exchange, Artex. The artwork, ‘Three Studies for a Portrait of George Dyer’, was painted by Irish artist Francis Bacon in 1963. It was sold at auction in May 2017 for $52 million.