Concurrent Session Onsite and Online
TAX2307. Taxes, Tools and Tactics: Tips for Managing Art, Jewelry and Valuable Collections
How does the expanding global art market affect the value of fine art, collector cars, memorabilia, wine, silver, jewelry, and other collectibles owned by clients? What factors influence the value of objects? During the past several years, the fine art, jewelry and collectible markets have been in a continuous state of evolution expanding into new countries and to new purchasers across the globe. Due to the increased number of international buyers, tastes and desires have broadened. As a result, the value of fine art, jewelry, vintage cars, and collectibles has fluctuated tremendously over the past decade due to changes in consumer demand. This presentation will educate the attendees on the state of the art, jewelry and collectible markets. Attendees will also develop and understand the issues related to managing a client's collection.
- Understand the difference between price and value as well as the various types of appraisals for art, jewelry and collectibles
- How are collectors using their art, jewelry and collectibles as a strategic asset to help them realize their philanthropic objectives?
- What are the current trends in the art, jewelry and collectible markets that can result in capital gains issues?
NASBA Field of Study
Business Management & Organization
3-4 years in the Profession