All posts tagged Selling Art

Art and Fiduciary Responsibility (Fall 2011)

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 [...]

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Answering Client Questions (Fall 2010)

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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Answering Client Questions

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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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Private Asset Management: Christie’s Executives Launch Art Advisory Firm (10/28/09)

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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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