1.

Record Nr.

UNINA9910254875603321

Titolo

Art Wealth Management : Managing Private Art Collections / / edited by Alessia Zorloni

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2016

ISBN

3-319-24241-5

Edizione

[1st ed. 2016.]

Descrizione fisica

1 online resource (XIII, 162 p. 14 illus., 4 illus. in color.)

Collana

Management for Professionals, , 2192-8096

Disciplina

330

Soggetti

Culture—Economic aspects

Personal finance

Pension plans

Management

Fine arts

Cultural Economics

Personal Finance/Wealth Management/Pension Planning

Cultural Management

Fine Arts

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

Turning Collections into Philanthropic Opportunities -- Financial and Estate Planning for Art Assets -- Assessing and Improving the Effectiveness of Private Art Museums -- Celebrity Effect in the Contemporary Art Market -- Deepening Business Relationships Through Art -- The Art Collector Between Private Passion and Philanthropy -- Appendix: Private Museums and their Founders. .

Sommario/riassunto

This book offers an overview of how to manage private art collections, providing essential insights on art wealth management, art investment, art governance, and succession planning for art assets. It offers practical recommendations on sound art collection governance, but also examines the background of art markets and price building, including the influence of fashion and trends. Throughout history, art patronage has played an important role in the wealth of ultra-high-net-worth families and led to private museums funded by



philanthropist collectors in order to celebrate their own tastes and leave a lasting legacy. Today, as a result of the growth of art investing by a new generation of wealthy collectors, not only artists but also wealthy families, sophisticated investors and their close advisors now face a more complex set of financial and managerial needs. As such, the contributions in this book will be of interest to collecting families, family offices, and professional advisors seeking to integrate art into their overall wealth management strategy, and to scholars in the fields of cultural economics, art dealers, curators, and art lovers.