ART LIQUIDATION ADVISORY SERVICES

As Independent art advisors, we advise on the financial aspects of liquidating art. The advice we provide is meant to increase your net proceeds, after taxes, expenses, and fees.

ABOUT TAXES ON ART SALES

Art sales are subject to complex tax regulations depending on your jurisdiction. Some countries charge a Capital Gains Tax. Some countries merge art sales with your income, and you pay an income tax on it.

These are not the only taxes applied to art sales, but these examples illustrate how taxes can not only wipe out profit but create a net financial loss.

This is why it is imperative to consider your tax situation to minimize its impact. While it is fundamental to identify the best market for an artwork, it must be done in conjunction with considering the tax consequences.

We can provide market options and value information to your CPA, in your country of tax residence, so that he structures the best scenario for you.

ABOUT SELLING EXPENSES AND FEES

These expenses and fees vary depending on where and how you sell, but they can be substantial enough to make the difference between a healthy profit and an unprofitable operation that may even result in a net loss.

This is why where you sell, how you sell, and the expenses and fees that will be charged must be scrutinized, analyzed, and minimized.

We do this for you and recommend the best compromise between maximizing the sale and minimizing the cost of selling.

HOW TO SELL ART LIKE A PROFESSIONAL?

This is a multi-step operation.

• First let’s consider capital gains taxes if they exist in your country.
• Identify the best markets for the artwork you want to sell.
• Compare the taxes, expenses, and fees you would be charged as seller, in these different markets.
• Select the best type of buyer for your artwork: Private, Corporate collection, Art Fund, Institutional, Regional, National, Special Interest.
• Select the most effective selling method for specific artworks.
• Figure the highest achievable price in the selected market.
• Time the sale. Consider the fluctuating factors that impact market results. When to begin the selling process.
• Control every detail. A perfectly executed sale results in the highest prices that could be achieved.
• Handle all the selling logistics.

If you want assistance with selling, we offer advice or to manage everything from end to end.

DONATING

If you are going to donate, you may as well get the most out of it, and there are ways of doing it that confer greater tax benefits.

We advise on donating options.

THE PROCESS

We treat all client communications with strict confidentiality and welcome executing a mutual Non-Disclosure Agreement prior to our initial conversation.

What is the primary topic or situation you would like to discuss?

Would you prefer to do it:

• By phone?
• Having a virtual meeting through Zoom, Google Meet or Microsoft Teams?
• Or in person, at the location of your choice, in the US or anywhere abroad?

Once you let us know, we will send you a bespoke proposal. Call us at +1 (212) 658-0466 or submit a confidential inquiry using the contact form below.