Function

ART - PROTECTION - FUNCTION


Structure of the art protection

Procedure

First of all, the work of art is coded with the high-tech coding from Artbodyguard.

After coding, the work of art is registered in the Worldartregister.

After the registration is completed, the registration certificate will be sent to the owner of the work of art.

The work of art can then be identified by Art-IDENTIFY at any time.

A certificate is also issued for this.

Structure of the World Art Register

Overview

The World Art Register is structured exactly like the German Land Register with regard to the inventory and the first three sections.

This is followed by two further departments, as shown below.

Please note the additional explanations given below on the special features of the Worldart Register.

Inventory

Photos of the artwork

all descriptive information 
about the artist and the work of art
encrypted, complete information about the high-tech coding of the work of art by the company Artbodyguard
 
Here are for example listed:
type, material, quality, if necessary technical information such as format and weight, year of origin
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First Section

Owners with respective shares, the community or company relationship and the legal basis of the registration.

The "First Section" can be anonymized in whole or partially if necessary!

Here are for example also registered: communities of heirs or 
societies under civil law 
UG 
e. K. 
GmbH
Associations
Foundations
Public companies
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Second Section

Loads and restriction
 that are not to be registerd
 in the "Third Section". 

Here are for example listed: easements, 
limited personal easements and, if necessary, notices of conveyance
(for the time between the conclusion of a purchase contract and its final execution) and 
restrictions on disposal (e.g. insolvency and executor's notes, rights of first refusal, rights of use, restoration notes, permanent loans, etc.)
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Third Section

Liens compulsory
security rights art debts and pension debts.

If documents are referred 
to in the text
of an entry
in the Worldartregister, 
then the associated file
also belongs 
to the Worldartregister content,
 which contains copies of the documents named
in the Worldartregister
(for example:
 certificate of debt).
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Fourth Section

Value and / or appreciation guarantees
for example
 in the case of dealings in futures.
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Fifth Section

Copyright, license and reproduction rights. Here entries are made for example
for right- and license trading.
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WORLD ART REGISTER

Structure 

The World Art Register contains the inventory and five departments in addition to the inscription. 
(Designation of the Worldart Register, possibly responsible branch, indication of the register number)

Inventory

The Inventory contains all descriptive information about the artist and the work of art, photos of the work of art and - encrypted - the complete information about the manner in which the Artbodyguard company carried out High-tech coding of the artwork.

Here z. B. entered: type, material, condition, possibly technical information such as format and weight, year of origin.

First Section

The First Sectiont contains the owners, specifying the respective shares, the community or company relationship and the legal basis of the entry. The "First Section" can be anonymized in whole or in part if necessary!

Here are for example registered: communities of heirs or societies under civil law

Second Section

The Second Section lists all burdens and restrictions that are not to be entered in the Third Section.

Here for example registered: easements, limited personal easements and, if necessary, notice of conveyance (for the time between the conclusion of a purchase contract and its final execution) and restrictions on disposal (for example insolvency and executor's notes, rights of first refusal, rights of use, restoration notes, permanent loans, etc.)

Third Section

The Third Section contains liens, compulsory security rights, art debts and pension debts.

Note: If documents are referred to in the text of an entry in the World Art Register, then the associated file also belongs to the World Art Register content, which contains copies of the documents named in the World Art Register (for example deed of debt). 

Fourth department 

Value and / or appreciation guarantees are entered in the Fourth Section.

Here are registered for example case of future-tradings.

Fifth Section 

The Fifth Section contains the copyright, license and reproduction rights.

Here entries are made for example in the case of copyright exploitation and license trading.

Conclusion:
 The Worldart Register is structured similarly to the German land register and offers similar protection.

However, there is the decisive advantage that the ownership structure can be entered completely anonymously.
Art? · To register!

There are two options of registering in the Worldartregister

Register artwork
with registrar

The registrar will do
the registration for you.
Request

Register artwork
with art protection letter

Registration is
carriedout directly for you.
Request
Special features of the WORLD ART REGISTER

General

Worldwide protection
Maximum security
Lifetime guarantee
Standard banking security
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Technical

Coding of works of art
Certification of unique pieces
Qualification of originals
Verification through identification
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Results

Unequivocal proofs of authenticity
High potential for appreciation of value Unambiguous proof of ownership
Art becomes standard bank security
Request info
Nice to know: Important explanations about the WORLD ART REGISTER 

The Worldartregister is a privately written, non-public directory of works of art in which the ownership structure as well as any rights connected with the work of art and burdens on it are recorded.

Registrars

Registrars accredited to the Worldartregister support the registrations in the Worldartregister for which they are responsible. 

Right of information

The right to information from the Worldart Register only has those who demonstrate a legitimate interest.

Without a particular interest, information from the Worldartregister is entitled to receive:

1. Authorities in accordance with the legal basis

2. Registrars or experts accredited by the Worldartregister

3. Anyone who has the consent of the registered owner for an individual case

4. The person with real rights (for example artist, owner, lien) insofar as the subject of inspection is the work of art in question. A mere interest in buying works of art alone is not sufficient as a legitimate interest.

Faith and Faith

Faith and faith in the World Art Register are of particular importance for art protection.

It makes sense to assume the correctness and completeness of the Worldartregister in favor of the bona fide purchaser.

That is why all people working at the Worldartregister act on the basis of a voluntary self-commitment, which particularly obliges them to act to the best of their knowledge and belief in the interests of art protection.

Incorrect entry acomplaint against incorrect entries can only result in the entry of an objection or, in exceptional cases, a deletion. Otherwise, the correction can only be achieved with the will of the registered person or by taking legal action against the registered person.

The right of correction in rem does not expire.

Reservation and objection

In order to secure the granting or cancellation of works of art, a reservation can be entered in the Worldartregister.

So for example the right to procure ownership of a buyer can be secured before the actual transfer of ownership by entering a reservation of ownership (notice of conveyance).

Dispositions made after the reservation has been entered about the work of art or right in question are ineffective vis-à-vis the entitled person insofar as they would thwart or impair his claim ("relative ineffectiveness").

The reservation is ancillary to the entitlement secured by it. If the Worldartregister does not correspond to all actual circumstances, for example is not completely correct, an authorized person must immediately register an objection to the correctness of the Worldart register.

The objection is also a provisional entry, but in contrast to the reservation it is intended to secure an existing right in rem. Then the correction of the Worldartregister must be requested promptly.

Changes in the Worldartregister

Deletions in the Worldartregister do not mean that an entry is removed, since every measure - including the completed one - must remain legible in the world type register.

Deletions are reddened - for example underlined in red - and the deletion is entered as a note.

Entries and other changes in the Worldart Register generally require an application and, if necessary, the approval of the pre-registered person concerned.

In the interests of effective art protection, entry in the Worldartregister is urgently recommended for every work of art and for every legal transaction in connection with a work of art.

For this purpose, in addition to the application, the authorization and the register certificate attesting the release are required.

Additional permits may be required.

Information on this can be obtained from the Worldartregister upon request after a case-by-case examination.

Home port · Port of Registration In order to maintain discretion, each art owner can freely choose where in the world and under what conditions a work of art should be registered. Anonymization There are many reasons why it can make sense to register works of art anonymously.

Reasons for anonymization

1. Asset protection

2. Tax optimization

3. Protection against foreclosure

4. Avoidance of family dispute

5. Prevention of inheritance disputes

We would be happy to inform you in a confidential conversation. Please note that we do not provide any tax or legal advice. We ask you to consult a tax advisor or lawyer you trust. If you do not have a trusted tax advisor or lawyer, we will be happy to make appropriate recommendations. 

Advantages · At a glance

1. Inexpensive protection

2. Deterrence of theft

3. Quick and easy application

4. Many advantages with insurance policies

5. Positive effects on value development

6. Comprehensible résumé of every work of art

7. Significantly increased legal security in the entire art market

8. Competitive advantages over non-registered works of art

9. Proof of ownership for all registered works of art

10. Protection and security of all persons involved in the art market

11. Preservation of normal ethical and moral business principles in the art trade

12. Forgery-proof documentation of all transactions in the art business

Value guarantees for counterfeit-proof art Art value guarantees can possibly even be acquired via Art Price Guarantee, for example. 

Advantages of value guarantees

1. Creditworthiness

2. Liquidity

3. Guarantee

4. Speculation

5. Capital investment

6. Financing

7. Asset protection

8. Value developments

Process & function

1. Coding of works of art

2. Registration of works of art

3. Documentation of all details

4. Entry up to date Ownership

Recording of all business transactions

1. From purchase and sale

2. Via donation and inheritance

3. Up to permanent loan and foundation

4. Burdens and restrictions

5. Mortgages

6. Right of first refusal
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