When acting for investors looking to venture into the luxury asset market, it is important that the structuring of the transaction maximises the tax efficiencies for the client, that extensive due diligence is undertaken into the asset in question, and that third parties are consulted to advise on authenticity, quality and condition.
Financial institutions are becoming increasingly comfortable in lending against fine art, classic cars and wine, as they look for new lending models that can give healthy returns while seeking to minimise their risk.
Our team has advised financial institutions lending against classic cars, acted for clients looking to raise funds on their art and wine collections, and negotiated bailment terms where a gallery was tasked with holding a mortgaged artwork on behalf of the consignor and lending institution.
We are at the forefront of new UK legislative reforms that could potentially open up the UK market in terms of luxury asset lending. We have assisted the Law Commission and worked with other key stakeholders to ensure these changes are robust, progressive and will create an opportunity for UK based financial institutions.
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.
Find out moreIn recent decades, the pendulum has swung making the landscape harder to navigate for collectors and dealers.
Read more 07 Jun 2019 The Regulation targeting the import of art and antiques into the EUIn 2019, the European General Affairs Council adopted a new EU Regulation.
Read more 26 Mar 2021 Family Business: The third pillar of the UK economyThe Family Business report looks in greater depth at Britain’s Top 100 family businesses, looking at who they are, and how they are built. We reflect on how Britain can ensure these entities remain strong contributors to economic growth as we look ahead, following the effects of the Covid-19 pandemic.
Read more 11 Mar 2021 Art Law Team Advise on Ground-Breaking Arrangement Brokered by Sotheby’s between the L.A. Mayer Museum for Islamic Art in Jerusalem and The Al Thani Collection FoundationOur art law team was delighted to advise the Herman-De-Stern Foundation, along with the L.A. Mayer Museum for Islamic Art, Jerusalem, on the recently announced, ground-breaking arrangement brokered by Sotheby’s with The Al-Thani Collection Foundation.
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