Banks and Fine Art Advisory

In the past I used to post some excellent articles from the Financial Times.  Unfortunately, the FT administrative staff contacted me and asked me to stop posting their full articles because of copyright concerns. I of course agreed, and then stopped posting FT articles. 

An interesting FT article was posted on private bankers offering fine art services and thought it was important enough to post. The FT said I could post title and first sentence, so it is below in the block quote and below that is the source link. Click on the source link to read the full article.

It touches on the growth and amount of interest and money following the art market and how private banks are training staff and departments to take advantage of HNWI who collect art. The article states "Many private banks now have art advisory units with a register of former curators, gallerists and other art specialists. "

Well worth taking a few minutes and reading, as we as appraisers are also developing similar types of programs, such as the ISA Private Client Services.

The Financial Times reports (click on the source link to read the full article)

Private banks are now offering fine art investment advice
Specialist units will advise on what to buy and how to store and transport pieces

Source: The Financial Times 

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