A creditor has a secured interest in your artwork and an artist has a lien on your artwork. Who has priority in obtaining the artwork or the proceeds from the sale of the artwork?

Question

Quizplus · Accepted Answer

The creditor with a perfected secured interest generally has priority over other claims, including an artist's lien, in the context of securing or obtaining proceeds from the sale of collateral, such as artwork. This is because perfection of a security interest typically establishes priority over other interests in the same collateral.

A Creditor Has a Secured Interest in Your Artwork and an Artist