Handbook Of Practical Planning For Art Collectors And Their Advisors
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Handbook Of Practical Planning For Artists Art Collectors And Their Advisors
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Author : Ramsay H. Slugg
language : en
Publisher: American Bar Association
Release Date : 2019
Handbook Of Practical Planning For Artists Art Collectors And Their Advisors written by Ramsay H. Slugg and has been published by American Bar Association this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Antiques & Collectibles categories.
Art is an asset of passion, as author Ramsay H. Slugg begins this invaluable resource, yet it has unique and important financial characteristics. These elements make art possibly the most difficult asset to incorporate into an overall estate and financial plan. This updated and expanded edition of Handbook of Practical Planning for Artists, Art Collectors, and Their Advisors addresses two essential elements of art ownership: planning for the ultimate disposition of the art, including how to incorporate the wealth represented by the art into estate and financial planning; and the practical considerations for owners of the artwork as they actively collect and plan for the art's eventual disposition. Following a brief, general discussion of the art market, the author introduces and explains a client-focused process that can be used when advising collectors. Among the steps in the process includes explaining the income, estate, and gift tax consequences of various options as well as the important and often emotional non-tax considerations of collecting and disposing of art. The book discusses some charitable solutions available as these are often especially appealing options to many collectors and their advisors. As more artists achieve commercial success, their planning needs increase as the financial aspects of their work increases. Further, as artists often leave significant amounts of their work behind, inventory and legacy management become especially significant. This guide considers the unique issues involved when planning for artists, as well as the planning considerations and different tax rules that apply to self-created artwork rather than to capital assets, which is how works of art held by collectors and investors are classified. In addition to providing enlightening case studies, the book looks at the roles of other advisors involved in these decisions. This guide is written to appeal to all levels of knowledge, and accessible not only to trusts and estates professionals, but also for the collectors themselves as well as the many other professionals involved, including art advisors, risk management advisors, valuation advisors, and financial planners.
Handbook Of Practical Planning For Art Collectors And Their Advisors
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Author : Ramsay H. Slugg
language : en
Publisher: American Bar Association
Release Date : 2015
Handbook Of Practical Planning For Art Collectors And Their Advisors written by Ramsay H. Slugg and has been published by American Bar Association this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Law categories.
Art is an asset of passion, yet it has unique and important financial characteristics, making it possibly the most difficult asset to incorporate into an overall estate and financial plan. Addressing the essential elements of art ownership--planning for the art s disposition and the practical considerations for collectors as they acquire and plan for how it will be handled this book presents a client-focused process for advising art collectors and the other professionals involved."
Art Wealth Management
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Author : Alessia Zorloni
language : en
Publisher: Springer
Release Date : 2016-08-19
Art Wealth Management written by Alessia Zorloni and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-08-19 with Business & Economics categories.
This book offers an overview of how to manage private art collections, providing essential insights on art wealth management, art investment, art governance, and succession planning for art assets. It offers practical recommendations on sound art collection governance, but also examines the background of art markets and price building, including the influence of fashion and trends. Throughout history, art patronage has played an important role in the wealth of ultra-high-net-worth families and led to private museums funded by philanthropist collectors in order to celebrate their own tastes and leave a lasting legacy. Today, as a result of the growth of art investing by a new generation of wealthy collectors, not only artists but also wealthy families, sophisticated investors and their close advisors now face a more complex set of financial and managerial needs. As such, the contributions in this book will be of interest to collecting families, family offices, and professional advisors seeking to integrate art into their overall wealth management strategy, and to scholars in the fields of cultural economics, art dealers, curators, and art lovers.
Art Collecting Today
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Author : Doug Woodham
language : en
Publisher: Simon and Schuster
Release Date : 2017-04-04
Art Collecting Today written by Doug Woodham and has been published by Simon and Schuster this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-04 with Antiques & Collectibles categories.
An insider's guide to buying, collecting, and selling art from an insider of Christie's Grounded in real-life stories, Art Collecting Today is the essential practical guide to today's art market. A lightly regulated industry with more than sixty billion dollars of annual sales, the art market is often opaque and confusing to even the most experienced collectors. But whether a seasoned collector, an uninitiated newcomer, or an art-world insider, readers will learn within these pages how the art marketplace works in practice and how to navigate it smartly. Those who may have been put off by art-world practices will finally feel they have the knowledge needed to participate freely and fully, and collectors will be able to pursue their passion with more confidence. Important topics covered include: How to evaluate, buy, and sell art while avoiding costly mistakes and time-consuming roadblocks How the market works in practice for essential artists like Ren? Magritte, Christopher Wool, Amedeo Modigliani, and Yayoi Kusama How collectors can be taken advantage of, and the actions they should take to protect themselves Why tax laws in the United States reward "art investors" yet penalize "art collectors" How cultural property laws impact the market for works by such artists as Frida Kahlo and Andy Warhol Advice for new and prospective collectors Informed by close to one hundred interviews with collectors, lawyers, art advisors, gallerists, and auction specialists in the United States and Europe, as well as by the author's own experiences, Art Collecting Today offers a lively and thought-provoking analysis of the day-to-day workings at play today in the fine art marketplace.
The Art Collector S Handbook
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Author : Ms Mary Rozell
language : en
Publisher: Ashgate Publishing, Ltd.
Release Date : 2014-06-28
The Art Collector S Handbook written by Ms Mary Rozell and has been published by Ashgate Publishing, Ltd. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-28 with Art categories.
With the rapid and unprecedented global expansion of the art market, new collectors are emerging every day. When buying art, whether for pure enjoyment, for investment or some other motive, few art collectors consider the practical and financial implications of owning and maintaining art, and many do not have a plan for how they might eventually dispose of it. This book, probing a number of resources and incorporating advice from top experts in the field, offers guidance on collection management and care, and serves as an important reference guide for collectors and those charged with managing collections.
The Art Collector S Handbook
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Author : Mary Rozell
language : en
Publisher: Lund Humphries Publishers Limited
Release Date : 2020
The Art Collector S Handbook written by Mary Rozell and has been published by Lund Humphries Publishers Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Art categories.
With the rapid and unprecedented global expansion of the art market, new collectors are emerging every day. When buying art, whether for pure enjoyment, for investment or some other motive, few art collectors consider the practical and financial implications of owning and maintaining art, and many do not have a plan for how they might eventually dispose of it. This book, probing a number of resources and incorporating advice from top experts in the field, offers guidance on collection management and care, and serves as an important reference guide for collectors and those charged with managing.
Life Is Short Art Is Long
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Author : Michael Mendelsohn
language : en
Publisher:
Release Date : 2006-09
Life Is Short Art Is Long written by Michael Mendelsohn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-09 with Antiques categories.
"Life Is Short, Art Is Long" is a must-read for collectors, their heirs, the charities they support, and the professional advisers who plan their estates. First edition reviews describe the book as the definitive guide for collectors, showing them how to use their art and antiques to free up cash for retirement, avoid the loss of value caused by a poorly planned auction sale, or create a fair distribution plan for their children. Michael Mendelsohn and co-author Paige Stover Hague, Esq. have amassed a team of experts, including art dealers, financial advisers, appraisers, and estate planners to show collectors how to answer that difficult question: "What is going to happen to your 'stuff' when you are gone?" This book is the only resource written for collectors, and other art and antique enthusiasts that illustrates estate planning strategies that maximize the value of art assets. Michael Mendelsohn's innovative art succession planning techniques show art and antique lovers how to plan for the future of their collection as they would any other asset, and reclaim as much as 70% of the asset value over conventional planning methods. All collecting enthusiasts, whether they collect impressionist paintings or PEZ dispensers, will profit from Mendelsohn's insights. Similarly, anyone who works for, or wants to attract new high net-worth clients, will open new doors by implementing the concepts written for financial advisers. With prolific media attention and skyrocketing prices for major works at the premier auction houses, collectors and advisers need to be aware of the other side of the spectrum-transferring this wealth and planning for the ultimate disposition of the art. Mendelsohn offersspecific solutions for collectors who want to free up cash for retirement, benefit the causes that are important to them, or create a fair distribution plan for their children.
The Intrepid Art Collector
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Author : Lisa Hunter
language : en
Publisher: Crown
Release Date : 2010-06-23
The Intrepid Art Collector written by Lisa Hunter and has been published by Crown this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-23 with Antiques & Collectibles categories.
Ready to upgrade your artwork from framed Monet posters but intimidated by what you see in galleries? In The Intrepid Art Collector, Lisa Hunter shows you how to start a fine art collection without spending a fortune. This accessible, jargon-free resource contains up-to-date information on the most popular original art—everything from photography and posters to African art and animation—including where to find it and how to buy it at a fair price. Easy-to-use checklists help you evaluate original art and steer clear of clever fakes. In addition, Hunter has interviewed top dealers, curators, arts lawyers, and appraisers to bring you the best advice on: • Advantages to buying real art instead of reproductions • Determining if a piece of art is fairly priced • Predicting if an artist’s work will go up in value • Techniques for negotiating a price with a dealer • Developing your artistic taste, so you’ll know if you’ll still love your purchase ten years down the road • How to preserve art in your home • Resources, websites, and magazines that will help you learn more about the market and where to find different types of art
The Art Collector S Handbook
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Author : Mary Rozell
language : en
Publisher:
Release Date : 2014
The Art Collector S Handbook written by Mary Rozell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Art categories.
This book, probing a number of resources and incorporating advice from top experts in the field, offers guidance on collection management and care, and serves as an important reference guide for collectors and those charged with managing collections.
Masterpieces Fortunes
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Author : Erik Pinto
language : en
Publisher: Independently Published
Release Date : 2023-04-25
Masterpieces Fortunes written by Erik Pinto and has been published by Independently Published this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-25 with categories.
Masterpieces & Fortunes is the ultimate guide for anyone who wants to dive into the world of art collecting. This book is packed with practical tips and advice on how to start and grow your art collection, make informed investment decisions, navigate the art market, manage your collection as an asset, and much more. Erik Pinto, a successful art collector and expert in the field, shares his insights and expertise to help you become a master art collector and maximize your returns. Key Features: Practical and easy-to-understand advice for both novice and seasoned art collectors. Clear and concise explanations of art market trends, valuation, legal and ethical considerations, and other key topics Tips and strategies for building a cohesive and diverse art collection, managing your assets, and leaving a lasting legacy. No fluff or fillers - just straight-to-the-point information that you can put into action immediately. Order your copy today and start your journey to becoming a successful and profitable art collector.