Areas of Practice

Secured Finance

 

There are a variety of reasons why client’s may seek financing solutions through their art. Situations where capital is immediately needed for a death, succession taxes, divorce or faltering markets. In these instances one may be forced to liquidate their art or collection during unfavorable market conditions. Other scenarios may find clients wanting to seize on a unexpected business opportunity and tapping the liquidity within their collection can provide an efficient financing solution.

Investment Services

 

Just as with any other asset classes, when specialists use sector expertise, market intelligence and creative investment strategies to recognize and capture the unique opportunities in the market place, they can generate highly attractive returns for their investors. Individual direct investments, pooled capital funds and private equity operating strategies are options for investing into the art market. Investments into the art market also provide hedging against inflation and currency devaluation, favorable tax treatments and a low correlation to broader market volatility.

Asset Management

 

Often times the physical care and organization of artworks is unfortunately overlooked. It can be argued that the physical care of artworks is the key to maintaining value. Having a strong asset management program in place from the beginning will greatly decrease the probability of damage or loss and will increase savings on necessary holding expenses. On going oversight and adjustments are necessary whether the artworks are kept in storage or actively exhibited.

Special Situations

 

Issues relating to artworks can be difficult to define and are often born of unique variables that are rarely replicated elsewhere. Examples of such issues are; owners of collections can pass away leaving a significant amount of artworks in question of who the true beneficiary is, third party logistics providers holding artworks for gallerists that go into bankruptcy, bankrupt property owners that have a pieces of significantly valued off-market art that was created on the wall of building itself. Finding the solution to these situations of this nature is often a multifaceted conundrum.