Our attorneys have extensive experience advising art collectors and investors, artists and charitable organizations on issues arising from the ownership of art, collectibles, jewelry and other tangible personal property. We counsel both affluent American and international families, as well as single- and multi-family offices, on all aspects of art law.
We assist clients with the formation of trusts funded with art, sales and use tax issues including voluntary disclosures, as well as transactional issues that arise when clients purchase, lend, pledge or sell works of art. We routinely coordinate with auction houses and dealers on behalf of families of wealth looking to add to or diversify their art portfolios. We coordinate the appraisal and valuation of artwork in order to optimize the tax and investment issues pertaining to sales proceeds. We also work closely with insurance professionals to advise our clients on their most effective risk management options.
Our art law attorneys provide the following services:
Advise lenders and borrowers in connection with art-based credit facilities.
Assist families with the preservation and sale of valuable art and collectibles.
Coordinate sale of art with auction houses and dealers on behalf of families of wealth.
Arrange for valuation of art and collectibles for tax and insurance purposes.
Assist clients with art insurance issues.
Counsel clients on the formation of trusts, including art assets.
Advise clients on issues related to sales and use tax voluntary disclosures.
Handle transactional issues related to the purchase and sale of works of art.
Advise client on approximately $20 million private sale of a single artwork.
Negotiate artwork consignment agreements with major auction houses, including Sotheby’s, Christie’s and Bonhams.
Negotiate and draft sculpture commission agreement for client’s private collection.
Negotiate and draft museum loan agreements.
Negotiate, review and revise agreements with respect to an $80 million art-backed loan facility for a single family office.
Advise clients on multi-stage artwork appraisal proposals including negotiating and concluding all agreements related thereto.