MRLLS Assets represents artists and owners in the sale of works of art. We act only under a written mandate, we never hold our clients' works or sale proceeds, and every final decision belongs to the artist or owner.
/ 01 Nature of the firm
MRLLS Assets Ltda is an independent artist representation and art advisory firm registered in Brazil under CNPJ 59.665.238/0001-89, based in São Paulo, SP. The firm works across two areas — fine art and digital art — and its core activity is the representation of artists and owners in the sale of significant works, through auction houses, galleries, or private sales.
/ 02 Our role in a sale
When the firm represents a work, it acts as the representative of the artist or owner — not as the owner of the work and not as the buyer. In particular:
- Ownership of the work, its original files, and its copyright remains with the artist or owner unless and until they sign a sale or assignment agreement directly with the buyer.
- The firm does not sign agreements, accept offers, or set prices on behalf of the artist or owner without their written authorization.
- The firm does not take custody of works and does not receive sale proceeds on behalf of its clients. Payments are made between the buyer, the auction house or escrow agent, and the owner.
- The firm's activity is limited to the representation of works of art. It does not manage investments or provide financial advice.
/ 03 Compensation
Compensation is agreed in writing with each client before any work begins and is set out in the mandate. The firm does not receive undisclosed commissions, retrocessions, or rebates from auction houses, galleries, buyers, or service providers. Any third-party fees involved in a sale — such as an auction house's seller's commission — are shown to the client before a decision is made.
/ 04 Conflicts of interest
The firm represents one principal per mandate and does not act for both the seller and the buyer in the same transaction. Where a potential conflict arises — for example, between two clients interested in similar works — the firm:
- Discloses the conflict in writing to the clients concerned at the earliest reasonable opportunity.
- Obtains written consent before proceeding, or declines the engagement if consent is not given or the conflict cannot be managed.
/ 05 Valuations and outcomes
Any estimate or price range discussed by the firm is an opinion based on available market information. It is not a guarantee of sale, of price, or of timing. The art market is illiquid and its results vary; no outcome can be promised, and past sales of any artist or work do not indicate future results.
/ 06 Authenticity, provenance and rights
The firm relies on the information and documents provided by the artist or owner regarding authorship, provenance, and rights, and works with independent counsel to review them before a work is presented. Responsibility for the accuracy of that information remains with the party that provides it.
/ 07 Due diligence
Consistent with Brazilian law applicable to the art market (including Law 9.613/1998), the firm verifies the identity of its clients and of counterparties in the transactions it handles. It may decline or end an engagement where this verification cannot be reasonably completed.
/ 08 Tax
The firm does not provide tax advice. The sale of a work of art — particularly across borders — may have tax consequences that vary by jurisdiction. Each client remains responsible for their own taxes and is encouraged to consult an independent tax adviser.
/ 09 Confidentiality
The firm does not publish client names, works under mandate, transaction values, or the identity of buyers without the express written consent of the client. Confidentiality is set out in each mandate.
/ 10 Contact
For questions about these disclosures, please write to legal@mrllsassets.com.