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Art & Luxury Assets

Our art team's advice is shaped by their knowledge of the art and luxury asset market and considerations that buyers and investors need to take into account to protect themselves.

We have found that the luxury market is constantly growing and evolving, as tastes change. We advise on wine and classic cars as well as helping clients to purchase and sell yachts, musical instruments, jewellery, handbags and watches. We count ourselves fortunate to be working with these beautiful objects on a daily basis.

Since the 1990s, fine wine has established itself as an attractive, long-term proposition for an investor, often through specialist wine funds. Many find wine easier to understand than art or other non-traditional forms of investment, and it also carries with it some useful tax advantages. We have a long history of advising leading wine brands, for example Berry Bros. & Rudd, which means that our team is acutely aware of the nuances of the fine wine market, the taxation of wine and the aspects that buyers need to consider to safeguard their assets.

The team’s classic car expertise has grown from clients, who are classic car connoisseurs who love to race and build their collections. We have advised on numerous private treaty transactions, including the purchase of (at the time) the most expensive car in the world for $35m. This figure has since been surpassed, but we continue to advise collectors, auction houses and dealers on a range of commercial issues affecting classic cars. We advised the Historic Endurance Rally Organisation (HERO) on the transfer of the Endurance Rally Association’s (ERA) events programme to HERO and in doing so secured the long-term future of some of the classic car community’s best-loved long-distance and endurance rallying events, including the world-famous Peking to Paris Rally and the Road to Saigon rallies.

If those issues turn into disputes, we are well placed to understand the peculiarities of the car trade and the difficulties that can arise, particularly when it comes to title, sub-standard restorations and breaches of contract.

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Art Law & More

Our award-winning art law blog features the latest art news, as well as longer articles and opinions from our own legal experts and invited guests. Find out more about our expert team and discover our Art Law & More blog.

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