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Is sales tax legislation becoming the ‘bane of the art market’? Christie’s recent $16.7m settlement to avoid prosecution in the US for sales tax evasion demonstrates once again that it’s an increasingly common issue for both American and international art businesses. We turned to the experts from international art law specialists Withers for insight. It’s another taxing lesson in Sales Tax – Christie’s’ recent $16.7 million settlement to avoid prosecution for sales tax evasion has...

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In the current coronavirus crisis, there are challenges and opportunities for the aviation industry, specifically for the private sector. We asked the experts at Pula Aviation for their insight. Q. In the current coronavirus crisis, what can aviation services do to maintain services and ensure safety? A. The spread of Coronavirus has posed a serious test to the aviation industry – companies have had to adjust activities to mitigate the financial and practical impact of operating...

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What better treasure to leave behind than to restore an ancient vineyard, to propagate unique biodiversity, to renovate a historical site, and to leave it all better for the next millennium than it was entrusted to you? With a motto of “Non Mihi, Non Tibi, sed Nobis” (Not mine, not yours, but ours), Chêne Bleu is a winery rooted in collaboration, with a view to creating a legacy built on the connections between Nature, History,...

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The art market is facing new challenges daily as it adjusts to the realities of navigating the COVID-19 coronavirus crisis. We asked experts from multinational legal advisors Withers, Diana Wierbicki, Partner and Global Head of Art Law, and Amanda Rottermund, Art Law Associate, for their insight. Q: With auctions and art fairs being cancelled, postponed and rescheduled (or turning completely virtual), how can consignors and consignees adapt to calendar uncertainties? A: Coupled with logistical shutdowns,...

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The hammer spoke. On January 17th, 2020 – 35 years after the death of Jean Dubuffet, a work by Bill Traylor, born into slavery in 1853 – was sold for $507,000. The auction record for the artist was set for Man on White, Woman on Red/Man with Black Dog (above) by the African-American artist Bill Traylor, a two-sided piece that Steven Spielberg gifted to Alice Waters in 1985 after the shooting of The Colour Purple...

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A landmark of luxury Built into an 800-year-old lava flow in the heart of a UNESCO Global Geopark, the Retreat at Blue Lagoon Iceland was conceived and created to expand the horizons of the Blue Lagoon experience. Encompassing a subterranean spa, a mineral-rich lagoon, a luxury hotel, and a restaurant that honors and reinvents Iceland’s culinary traditions, the Retreat is a place where guests can leave the world behind and enter a timeless realm of...

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The 65th BRAFA, (Brussels Art Fair), one of the leading European art fairs,  will take place on Sunday 26th January – 2nd February 2020 at a former industrial site in Tour & Taxis, Belgium. There will be 133 galleries in total, the same number as last year, with some new names and several returning galleries. Staying true to its roots it will once again offer a diverse range of artworks of the highest quality from...

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There’s a particular exhilaration that comes from being the winning bidder – the new owner of something valuable and unique. It may well linger until you next see your artwork installed in your home, your office, a gallery or a museum. Between this moment and that, it will need to move. Besides the physical challenges involved in transporting it from A to B, there’s a maze of admin tasks to manoeuvre through too: insurance, taxes, custom...

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Renée Pfister is an independent Art & Gallery consultant, lending expertise to help clients preserve the highest quality and integrity of their artwork. Renée Pfister Art & Gallery Consultancy was founded in 2010. It has since been supporting private, corporate and institutional fine art, as well as antiquities collections in building, organising and shipping their artworks. Renée’s focus is to care and mitigate against the risks to your artwork during transit, at home, corporate headquarters,...

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Sometimes merely owning certain property can expose someone to potentially harsh levels of taxation. Most countries have some form of death, inheritance or wealth taxes which can apply in unexpected ways. The taxing rights of a country are determined by physical location, so the location of an asset is important, especially on death. If an asset is located outside the UK, it may cause the asset to be outside the scope of Inheritance Tax in...

Unique in its broad international coverage of both arts and cultural events, Arts & Collections covers fine art from antiquity to modern times, auction records, a special sale preview by Sotheby’s, as well as market trends that inform collectors of the world’s finest items.

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