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Daniel GrantBoston Globe |
Estate planning isn't just for art collectors.
What collectors are really bargaining for isn't just the wall plaque but rather control over their own legacies.
Collectors typically resist selling, even when it's the option most likely to serve heirs.
For well-heeled travelers headed to the busiest cultural destinations, avoiding the crowds is not a luxury but a necessity.
“Savvy art buyers can take advantage of the benefits," one lawyer told Observer, "but care must be taken to avoid blurring the distinction between...
Art advisors and insurers are increasingly turning to artificial intelligence to assess prices, manage risk and bring greater precision to valuations.
As BFA and MFA programs experiment with emerging technologies, they are subtly redefining what it means to train as a contemporary artist.
When a father and daughter pleaded guilty to selling more than 200 counterfeit works by Banksy, Picasso and Warhol, the criminal case was largely...
No one can quite agree on where this expansive collecting category begins or ends.
"The museums succeeding in the current climate are the ones that are hyper-local, positioning themselves as direct service providers… The ones...
The Mapplethorpe Foundation earns a quarter of a million dollars annually from merchandising and licensing, and another $200,000-$250,000 per year in...
When cities pay hundreds of millions for a Louvre or Guggenheim, the masterpieces don't always follow.
Works made after an artist's death fall into a fascinating gray zone, but that doesn't mean they're not a good buy.
This fall, Sarah Sze's 'Wave' will be installed in the Barclays Center atrium, followed by large-scale paintings by Rashid Johnson and Mark Bradford.
Billionaire Darla Moore, who grew up in Lake City before building a Wall Street fortune, has invested millions in transforming her hometown into a...
The best portrait painters are part artist, part diplomat and part psychologist—and even then, there are no guarantees.
When a painting at auction is labeled "follower of Caravaggio" or "studio of Rembrandt" or even "attributed to Caneletto," here's what you're actually...
"For art consulting, there is no additional fee as long as you meet our client relationship minimum. That's just a value-added service for those...
According to a study conducted by Licensing International, global retail sales of licensed merchandise for art properties reached $3.95 billion in...
What separates private museums that thrive from those that close their doors is rarely the quality of the collection.
What separates private museums that thrive from those that close their doors is rarely the quality of the collection.
Savvy art collectors know that frames and pedestals do more than encase paintings and raise sculptures.
Auction records are only one measure of value and can differ significantly from what dealers or insurers believe a work is worth.
Driving this shift is “a new group of collectors who are extraordinarily wealthy, used to doing business in a certain way, used to getting their own...
As auction houses and galleries move deeper into digital commerce, cybersecurity has become a central concern rather than a back-office afterthought.
The convention of signing an entire edition at once dates back to the 1930s, when Paris dealer Leo Spitzer persuaded several major artists, including...
Crypto philanthropy is emerging as a meaningful funding stream, particularly among younger and wealthier donor demographics.
With a $35 million donation, billionaire Jorge M. Pérez secured naming rights for Miami’s main art museum, reflecting how philanthropy can drive...
As public support for artists collapses, private foundations are emerging as lifelines.
In late 2025, billionaire Thomas Kaplan said he was considering fractionalizing the world-renowned Leiden Collection and launching it as an IPO.
“Many of our dealer and collector clients have had objects seized by Customs after arrival in the U.S. The objects were subject to forfeiture, and...
Maxwell L. Anderson, president of the Souls Grown Deep Foundation and former director of the Dallas Art Museum, worries that the current political...
Price reductions generally happen behind closed doors, where private negotiations maintain the illusion of market consistency.
Decisions are typically guided by specialists whose judgments balance material repair against long-term market perception.
A charitable remainder unitrust provides art collectors looking to sell with a stream of income and a smaller tax burden than they would face if they...
With only five to ten percent of stolen artworks ever recovered, prevention is far more effective than pursuit.
Some art collectors, when navigating estate planning, consider alternative nonprofit venues—such as libraries, retirement homes and nursing homes.
As BFA and MFA programs experiment with emerging technologies, they are subtly redefining what it means to train as a contemporary artist.
Art advisors and insurers are increasingly turning to artificial intelligence to assess prices, manage risk and bring greater precision to valuations.
“I can’t really speak to whether awards are important to prospective buyers, dealers or curators,” artist Karen Ocker told Observer. They are,...
It’s a rare situation, but one that arises from time to time—something that once cost a fortune is now worth nothing, simply because it can’t be sold.
“There is a secondary market for my work,” sports artist Brian Fox told Observer. “I know people buy them and sell them. I just don’t know who...
Think twice before you push that button.
Resolving these disputes is rarely simple, according to Ralph Lerner, a New York lawyer specializing in art law.
Some see prices spike immediately after death, but for many, market interest fades without sustained promotional effort.
From greeting guests to leading tours, museum volunteers provide essential support across departments, both in public and behind the scenes.
Auction houses are increasingly spotlighting individual collectors to attract bidders and elevate prices.
What artists gain in expressive freedom, art institutions and enthusiasts inherit as long-term structural risk.
Having a written or unwritten code of ethical conduct is meaningless if organizations are reluctant to discipline wayward members.
The State Department's $100 million art collections are managed through the Office of Fine Arts and the Art in Embassies office.
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