Where beauty meets tax planning No sooner does an individual or organisation invest in a piece of art than they become part of a global industry where creativity meets materialism, where beauty, history and culture need to be appreciated alongside tax planning and intellectual property rights.
William Sturges’ art business group brings together experts in areas including insurance, IP, import/export, commercial contracts, private estate planning and charities to offer clients help and support in navigating their way through this unique territory. From individual collectors to artists, institutions, governments and auctioneers, our clients benefit from our focused and sector-specific knowledge. Sadly the healthy performance of art investments in recent years has fuelled the market in art theft, forgery and the use of art assets in money laundering. We provide discreet and timely advice on title, provenance and attribution to protect clients from being unwitting players in this game. Even in entirely legitimate transactions, sale and purchase agreements require the relevant transaction advice especially where sales occur across borders. The sale of culturally sensitive items requires special insight, as does the creation of art funds and investment vehicles. Our private clients call on us for expert counsel on the management of art assets in estates, wills and trusts, while relevant tax planning expertise is also frequently required. |