Art In Trusts

Down to a Fine Art: Practical Tips For Holding Collectibles In Trusts

Acquiring artworks, antiques, and other collectibles is a common pastime of private clients, for reasons that can vary greatly from profit-making to maintaining cultural ties, or simply as a general reflection of their interests. It is also a pastime that is on the rise: having weathered global financial crises in recent times, and perhaps anticipating market volatility in the future, many private clients are increasingly looking to invest in "real assets" that are known to maintain or increase in value in the long term. Art very much fits that profile and, with trusts being a favoured vehicle in which to hold such assets, trustees are more frequently being asked to acquire and manage artworks as part of their trusteeship.