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In recent years, law enforcement agencies around the world have increasingly focused their attention on the use of high-value art and antiquities sales in schemes to evade sanctions, launder money, and even finance terrorism. And last summer, a bipartisan report by a U.S. Senate Subcommittee documented the circumvention of anti-money laundering measures and sanctions in the art market.
As a global pandemic unfolds, the art world is facing unique hardships. Museums and institutions have closed, the economy has slowed, and all participants in the art ecosystem have had to adjust their operations. Artists and galleries, in particular, are facing unique challenges. Some galleries are enhancing their online offerings, and others are exploring creative ways to keep people engaged with art and commerce.
https://www.wealthmanagement.com/sites/all/themes/penton_subtheme_wealthmanagement/images/logos/footer.png An analysis from three perspectives. Bonnie Brennan, Judd B. Grossman, Ray Waterhouse | Mar 26, 2020 If your client has a significant art collection, you’ll likely need to work with different professionals to manage its disposition when the client dies.
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