With the rapid and unprecedented global expansion of the art market, new collectors are emerging every day. When buying art, whether for pure enjoyment, for investment or some other motive, few art collectors consider the practical and financial implications of owning and maintaining art, and many do not have a plan for how they might eventually dispose of it. This book, probing a number of resources and incorporating advice from top experts in the field, offers guidance on collection management and care, and serves as an important reference guide for collectors and those charged with managing collections.

With the rapid and unprecedented global expansion of the art market, new collectors are emerging every day. When buying art, whether for pure enjoyment, for investment or some other motive, few art collectors consider the practical and financial implications of owning and maintaining art, and many do not have a plan for how they might eventually dispose of it. This book, probing a number of resources and incorporating advice from top experts in the field, offers guidance on collection management and care, and serves as an important reference guide for collectors and those charged with managing.

Owning Art offers an informative, authoritative and richly anecdotal route through the minefield of the contemporary art world. This entertaining and easy-to-use handbook is set to become every collector's indispensable companion.

With the rapid and unprecedented global expansion of the art market, new collectors are emerging every day. This new edition of Mary Rozell's definitive handbook is required reading for new and experienced collectors alike, as well as for anyone aspiring to a professional career within today's art market. Fully revised since its first publication in 2014 to reflect the many changes which have taken place in the art market, in art law, and in the practice of collecting, it now includes a completely new chapter on private museums.0Mary Rozell draws on her long experience as an art collection professional and an art lawyer to illuminate some of the myriad issues that arise when owning an art collection. Covering acquisition, inventory management, the insurance, security, storage and conservation of collections, art financing and investing, and the sharing and de-accessioning of artworks, this meticulously researched but accessible book is an essential guide to the fascinating business of collecting.

"This book offers clear advice on how to navigate the contemporary art world, from assessing sales information and dealing with galleries to discovering new talent and accessing the best work."--P. [4] of cover.

Art is an asset of passion, as author Ramsay H. Slugg begins this invaluable resource, yet it has unique and important financial characteristics. These elements make art possibly the most difficult asset to incorporate into an overall estate and financial plan. This updated and expanded edition of Handbook of Practical Planning for Artists, Art Collectors, and Their Advisors addresses two essential elements of art ownership: planning for the ultimate disposition of the art, including how to incorporate the wealth represented by the art into estate and financial planning; and the practical considerations for owners of the artwork as they actively collect and plan for the art's eventual disposition. Following a brief, general discussion of the art market, the author introduces and explains a client-focused process that can be used when advising collectors. Among the steps in the process includes explaining the income, estate, and gift tax consequences of various options as well as the important and often emotional non-tax considerations of collecting and disposing of art. The book discusses some charitable solutions available as these are often especially appealing options to many collectors and their advisors. As more artists achieve commercial success, their planning needs increase as the financial aspects of their work increases. Further, as artists often leave significant amounts of their work behind, inventory and legacy management become especially significant. This guide considers the unique issues involved when planning for artists, as well as the planning considerations and different tax rules that apply to self-created artwork rather than to capital assets, which is how works of art held by collectors and investors are classified. In addition to providing enlightening case studies, the book looks at the roles of other advisors involved in these decisions. This guide is written to appeal to all levels of knowledge, and accessible not only to trusts and estates professionals, but also for the collectors themselves as well as the many other professionals involved, including art advisors, risk management advisors, valuation advisors, and financial planners.

The UBS Art Collection is without doubt one of the most important corporate collections in the world. Dating primarily from the 1960s to today, the works of art in the Collection give an impressive overview of the artistic practice of this period. UBS Art Collection: To Art its Freedom is the first major book on the UBS Art Collection in nearly a decade, presenting a visual essay that captures the essence of the Collection as well as the various impulses that have shaped it across decades and continents.The publication features more than 200 color illustrations offering insights into the history and evolution of the UBS Art Collection. Highlights include: Jean-Michel Basquiat, Andreas Gursky, Damien Hirst, David Hockney, Roni Horn, Martin Kippenberger, Willem de Kooning, Sol LeWitt, Neo Rauch, Robert Rauschenberg, Gerhard Richter, Thomas Ruff, Ed Ruscha, Cindy Sherman, Hiroshi Sugimoto, Wolfgang Tillmans, Cy Twombly, Erwin Wurm, and many more.