Art: the New Asset Class: For Art Collectors and their Fiduciaries: Wealth Managers, Family Offices and Trust & Estate Attorneys

Over the past decades, the exponential increase in art prices combined with ongoing turmoil in the global financial markets have caused many art collectors to start considering art as an investment vehicle, and themselves as investor-collectors. Art is now firmly established as an asset class in its own right, if not for investment purposes than at least because of the potentially significant tax and legal consequences that the ownership of (valuable) art brings with it. Unfortunately it is still difficult for an uninformed buyer or seller to do well without the expertise and connections of an insider. Misconceptions about art and the art market are enthusiastically perpetuated by the less scrupulous players in our industry. Without claiming to be exhaustive or academic, I clarify some of these misconceptions while sharing my experiences as an art advisor. I hope you will find this ebook helpful in your quest to successfully navigating the art market.