The discussion will include an overview of art appraisals, art insurance and the prevention of financial loss, the pros and cons of donating and gifting, the various trends in art lending and the consideration of art as an asset.
Developing an art collection requires time, energy, resources and most of all, passion. It is often difficult for collectors and artists to contemplate the significance and worth of their assets during their lifetimes, let alone the impact and consequences of the inevitable disposition of their collections. With advances in technology and communication, the art market has never been more dynamic and accessible. However, the necessity of art legacy planning is more crucial than ever.
In order to provide the most beneficial information regarding the management and protection of your collection, we will explore the changing trends in collection management and valuation practices within the art market, and the myriad approaches to art legacy planning for both collectors and artists.
Xiliary Twil is a valuation expert who founded Art Asset Management Group, Inc. in 2009. As an art historian and art collector, having successfully managed the business affairs of art galleries, private collections and exhibiting at international art fairs, Twil and her firm brings thirty-five years of experience in the business of art, providing USPAP compliant appraisals for all intended uses.