By Ralph E. Lerner and Judith Bresler, Practising Law Institute, N.Y. 2,074 pages (two volumes), $295

Art law practitioners rightly celebrate the fourth edition of “Art Law: The Guide for Collectors, Investors, Dealers, & Artists” by veteran art law attorneys Ralph E. Lerner and Judith Bresler. As any lawyer knows, a little knowledge is dangerous, but when it comes to the field of art law, a little knowledge is treacherous; there could never be an “Art Law for Dummies.” Previous editions of the Guide are regularly cited in law reviews and judicial decisions going back to the first edition in 1989. Lerner and Bresler’s two-volume Guide has been and continues to be required reading for fledgling and seasoned art lawyers alike. The authors discuss not only the most recent and cutting edge developments in a complex and dynamic art market, but furnish a historical perspective informing laws that develop too slowly for the fast-paced art world.