All posts tagged Selling Art

ArtInfo

An untested company helmed by alittle-known art dealer might have trouble getting traction in the reputation-obsessed art world, advisors suggest. “In theory, it sounds like agood idea. But how can they guarantee the property owner comfort?” asks Jeff Rabin, co-founder of art investment firm Artvest Partners. “I don’t know what they own or the scope of their guarantees. But if all their clients try to cash in at once, they might be forced to go into bankruptcy and liquidate. And if that happens, what happens to all the people they guaranteed?”

Advisor Assistance

If a client of a wealth advisor has a substantial percentage of her net worth in an art collection, is the advisor neglecting his fiduciary responsibility when ignoring the client’s art assets? It is standard financial industry practice to classify art as a “hobby” asset and place it in the same category as yachts, luxury […]

I have reached a point in time where I need to take some money out of my art collection. Am I better off selling or borrowing?   The answer to this question depends on the individual’s circumstances. Artvest Partners reviews the client’s liquidity profile and interest rate bracket for art borrowing, as well as current […]

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I have reached a point in time where I need to take some money out of my art collection. Am I better off selling or borrowing? The private bank where I work as a financial advisor has instructed me to ignore my client’s art holdings in the context of his financial planning. In the last five years his art collection has come to represent a significant portion of his net worth, and I am afraid that by continuing to ignore this part of his portfolio, I am not meeting my fiduciary responsibility.

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Former Christie’s auction house financial service executives Michael Plummer and Jeff Rabin have launched Artvest Partners, an art advisory firm targeting the high-net-worth.

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