Heightened Scrutiny of Art Transactions The rising value of art and the increasing mobility of wealth haven’t gone unnoticed by New York State’s regulatory authorities. In 2016, tax settlements with several key art industry figures for alleged New York sales and use tax noncompliance surprised many in the art world. Read more
ALSO IN THIS REPORT… The Reality of Handling an Art Portfolio for Growth Like other financial assets, art collections should be monitored and managed proactively — but executing a strategy is invariably complex. Read more Congress Passes Important Law Governing Nazi-Looted Art Claims The new statute, which is a sea change in the law applying to Holocaust recovery claims, is expected to alleviate concerns in ongoing disputes. Read more Lending to Museums Lending artwork to museums confers numerous advantages for collectors, but things can go wrong. Ten key considerations to discuss with clients. Read more
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