Six Tips for Understanding the Global Art Market

Challenges for asset managers

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The global art market continues to provide opportunity for wealth creation, with an estimated 63 billion dollars changing hands in 2015, according to the annual TEAFAF Art Market report released each March. Using data from the 2016 Knight Frank wealth report, Deloitte predicts that there will be increasing wealth allocation to art and collectibles in the next 10 years. This will create increasing client demand for services in this asset class. Given this data, what are the essential considerations for trust and estate, family office and fund managers? Here are a few tips when your clients are engaging in art-related transactions.

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