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Collecting Artworks And Families: It Is Not As Simple As It Looks - White Paper

Tom Burroughes

15 October 2012

The rise of art investment around the world is creating new demands on family offices, forcing them to consider new ways to handle collections, argues Fine Art Wealth Management in a new report.

The study examines issues such as “art governance” (authenticating and protecting artworks); long term financial planning and art; philanthropy and sharing of collections with the community; art as an alternative asset class, art funds and the role of what are called managed art accounts.

“New approaches are being demanded to more effectively respond to shifts in the art market landscape,” the report said.

To view more on the report, click here.

(Randall Willette, founder of Fine Art Wealth Management, is a member of this publication's editorial board.)