Consigning Fine Art

Consigning Fine Art

Seven things fiduciaries should know

As a fiduciary, you may be tasked with selling an art collection that’s owned by a trust or estate. And you may have to do so quickly to meet the cash needs of your client. One way to accomplish this goal is by entering into a consignment arrangement with a dealer or auction house to sell the art as the trust’s or estate’s agent, putting you in the role of consignor. This situation presents a challenge because, as a fiduciary, you may not

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