There are a number of financial considerations that collectors of valuable art and antiques should keep in mind. This article discusses many variables that collectors must bear in mind when deciding which items to purchase. There are tax considerations that estates must plan for when there are valuable artworks or antiques are involved. Art and antique collectors must also factor in the condition of the economy when deciding on investments. These collectors must carefully plan for how they wish to distribute their valuable collections. There are currently planners that specialize in estate planning for valuable art or antiques.
See Paul Sullivan, Financial Considerations for Collectors of Art, Antiques and the Esoteric, The New York Times, November 27, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
