EAN: 9783319242392

MANAGEMENT FOR PROFESSIONALS ART WEALTH MANAG...

This book offers an overview of how to manage private art collections  providing essential
insights on art wealth management  art investment  art governance  and succession planning for
art assets. It offers practical recommendations on sound art collection governance  but also
examines the background of art markets and price building  including the influence of fashion
and trends. Throughout history  art patronage has played an important role in the wealth of
ultra-high-net-worth families and led to private museums funded by philanthropist collectors in
order to celebrate their own tastes and leave a lasting legacy. Today  as a result of the
growth of art investing by a new generation of wealthy collectors  not only artists but also
wealthy families  sophisticated investors and their close advisors now face a more complex set
of financial and managerial needs. As such  the contributions in this book will be of interest
to collecting families  family offices  and professional advisors seeking to integrate art into
their overall wealth management strategy  and to scholars in the fields of cultural economics 
art dealers  curators  and art lovers.

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