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Managing the Disposition of an Art CollectionManaging the Disposition of an Art Collection

An analysis from three perspectives.

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Bonnie Brennan, Judd B. Grossmanand 1 more

March 26, 2020

8 Min Read
brennan-art auction preview-Jeff J Mitchell Getty Images.jpg

If your client has a significant art collection, you’ll likely need to work with different professionals to manage its disposition when the client dies. You may need to consult with an auction house, a fine arts broker or even a colleague who understands the tax implications of owning and selling artwork. We asked three professionals in each of these areas questions about what they’ve seen in their practices and the advice they would give to estate planning and financial professionals. Here are their responses.

Communication is Key

One issue that comes up a lot from the auction house perspective is communication between the client and her family about her wishes concerning the collection. Bonnie Brennan often sees this issue in her work at...

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About the Authors

Bonnie Brennan

Deputy Chairman, head of Trusts, Estates, Christie's

Bonnie Brennan is deputy chairman, head of Trusts, Estates and Wealth Management at Christie’s in New York City.

Judd B. Grossman

Founder and Managing Partner, Grossman LLP

Judd B. Grossman is the founder and managing partner of Grossman LLP in New York City.

Ray Waterhouse

Chairman, Fine Art Brokers

Ray Waterhouse is chairman of Fine Art Brokers in New York City.

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