Published on February 27, 2014
Art Asset Management: What Can You Do to Protect Your Art Investments? Thursday, February 13th 2014
Presented by: Anneline Bruins COO and Senior Art Advisor at Tang Art Advisory firstname.lastname@example.org | +1 347 409 2786 Annelien Bruins started her art world career in 2001 by managing privatelyowned collections of art, antiques and collectibles worldwide. In 2007 she set up London-based art advisory firm Bruins Private Collections Consultancy. She currently works at Tang Art Advisory, a full-service art advisory firm operating out of New York, Miami, London and Hong Kong. In addition to having introduced the concept of art asset management to the art world, Annelien is a sought-after writer and guest speaker: she has been invited to lecture at Christie’s Education and Sotheby’s Institute of Art. She has been interviewed by Thomson Reuters, the Wall Street Journal, the Financial Times, Investment Week and Private Asset Management. She has written articles for Spears Wealth Management, Family Office Exchange, Private Wealth Focus and Private Asset Management. DISCLAIMER This presentation is based on my experiences as an art advisor and may not be applicable to your situation. The lists of suggestions and recommendations are anecdotal and not exhaustive. Instead of relying on this presentation to take decisions in relation to protecting your art, you should ask the art professional you are working with about recommendations for your specific situation.
Art Asset Management • Incredible increase in art values in recent years • Poor performance of traditional financial assets • Art has come to be seen as an asset class • Like real estate and other tangible assets • Requires cost-effective but regular maintenance • Risk management: protecting collector’s investment
Purchasing an Artwork Images © and Courtesy of Laurent Baillet
Documentation: Why do you need it? • Damages and restorations have an effect on value • The work was looted or stolen • The work is a fake or forgery • Confidentiality in relation to art transactions • Risk management: title claims and resources • Due diligence
Documentation • Invoice • Certificate of Authenticity • Documents describing the provenance • Detailed condition report • Catalogue raisonne, literature, exhibition history • High resolution images of front and back (if painting)
Find the Art Professional - Transport • Ask your insurance broker or carrier for recommendations • Experienced technicians used to handling art • Different options and pricing for packing and transport • Do they carry insurance while the art is in their care?
Appraisals • Insurance appraisals • Fair market appraisals • Sales estimates • How to find the right appraiser
Insurance Appraisals • Purpose of insurance appraisals • Why are insurance appraisals generally higher than sales estimates and fair market values? • How often should you get an insurance appraisal?
Fair Market Appraisals • Purpose of fair market appraisals • Estate planning and wealth transfer • Fair market appraisals and sales estimates • Example: Rauschenberg’s Canyon, 1959
Sales Estimates • Purpose of sales estimates • How do sales estimates relate to a sale price? • What is the reserve price and how is it determined?
Find the Art Professional - Appraisers • Who does appraisals? • Auction houses • Appraisal firms • Independent Experts • Appraisers Association of America
Damaged your Artwork Images © and Courtesy of Laurent Baillet
Find the Art Professional - Conservation • Difference between conservation and restoration • Ask your insurance broker or carrier for recommendations • Ask the gallery where you bought the piece for recommendations • Sometimes certain artists work only with specific conservators
Insurance • Difference between insurance broker and carrier • Different carriers have different products • Can you insure art on a homeowners policy • Difference between fine art policy and homeowners policy • All risk insurance, depreciation of value, transit • Limits to single items or bulk values
Conclusion • Art market is opaque and art is a difficult asset to care for • There are many different opinions about treating art • Therefore you have to ask questions • Choose the professional who is willing to answer them • Taking cost into consideration • So you can adequately protect your art investment
Trov is the Personal Cloud for Every Thing You Own.
Easily and Securely Collect, Value and Connect Every Thing you Own. Easily add items to your Trov by snapping a photo or sending A digital receipt. Items will be automatically updated with extra details, including photos, descriptions and values. Be automatically informed of the value of items in your Trov and your total 'Trov Worth' so you can make more informed decisions. Unlock a world of opportunity through the things you own, such as online marketplaces, discounts on insurance, social sharing and more!
NEW YORK | MIAMI | LONDON | HONG KONG www.tang-investments.com | email@example.com | © 2013 Tang Investments LLC This information is conﬁdential and proprietary and cannot be shared with third parties.
Many things you can do will effectively provide asset ... Protecting Your Wealth. 6. Asset Protection ... Your Wealth. RECOMMENDED BY FORBES.
7 tips for investing in art. ... Straus says art investing can be lucrative."If you take a long view of art, ... Protect your investment.
Build A Wall Around Your Assets ... we'll show you what measures you can take to protect your ... to increase the potential return of an investment. ...
What is the best asset protection? ... One of the keys to good asset protection is the art of not ... We collect your email address so you can benefit ...
Software Asset Management ... and if your organization is using your assets efficiently. SAM can help you: ... Optimize existing investments, so that you ...
Financial Requirements — Assets. ... the assessment of your assets can be fairly complex, ... Do you currently require long-term care services?
Definition of asset: ... “ You need to do your best to protect your most valuable asset and not let anything ... you can: View usage examples. Save your ...
Understanding Living ... As trustee of your trust, you can do anything you ... Don't delay "funding" your trust; it can only protect assets that have been ...
... do you know if your water is safe to drink? ... What You Can Do. Read about actions you can take to protect water at home and in your community.