Art, Wine, and Collectible Assets

Artwork, wine, antiques, stamps, gems, and coins have traditionally been part of valuable portfolios, accompanied by other high-value collectibles such as classic cars and jewelry.  This asset class includes anything rare and of collectible value.  Sports and historic memorabilia, antiques, rare manuscripts, celebrity autographs, rugs, and other tangible personal property are designated by the U.S. Department of Treasury as collectibles.  Owners, investors, and organizations with portfolios containing these high-value collectible assets engage in a variety of transactions that require careful planning and execution – purchasing, selling, borrowing against the collateral value, donating to charities, and passing on to their heirs.

Our firm addresses the specific client needs of owners and their advisors, as well as holders, investors, and dealers, with critical tax planning and the business aspects of owning high-value collectible assets:

Transactional Services:

• Sales and acquisitions – private and public
• Asset protection planning
• Auction and dealer consignment agreements
• Expert advisor and consultant agreements
• Documentation of loans secured by collectible assets
• Transportation and storage agreements
• Licensing agreements
• Due diligence

Tax Services:

• Internal Revenue Service audits
• Tax planning: sales, use, royalties, capital gains
• Succession planning for owners: trusts and estates
• International tax planning
• Charitable giving
• Proper documentation of appraised value