Art & Finance - A hub of services for the arts and financial sectors | Brochure
Art. Hearing the word reminds of Picasso, Da Vinci or Monet. It used to mean an object of collection, for connoisseurs only. A painting or a drawing to hang in one’s house.
However, the unprecedented development of the art market over the past few years has resulted in the ‘financialisation’ of the art market, promoting art not only as an object of pleasure, however, also as a new alternative asset class with interesting business opportunities. In the financial sector, this interest for art has manifested itself through the growth of art advisory, art lending and art investment services.
Art investment funds have further begun to make their appearance.
Meanwhile, the globalisation of culture has lead art organisations and cultural related companies to confront a number of strategic issues critical to reaching their goals.
Such developments make the need for specialised services to support them apparent. It is highly likely that these services will develop in certain key geographical zones where the optimal conditions to facilitate their growth exist. In this respect, it seems clear that, given the financial activity and expertise already in existence, Luxembourg will be an excellent place for the development of art-related services.
For this reason, Deloitte Luxembourg proposes a cluster of top services for the art, cultural and the financial sector. As a leading global provider for audit, tax and consulting, and with a worldwide network of art experts, Deloitte has the extensive resources to provide tailor-made solutions to art market stakeholders.
Our clients include private and corporate collectors, cultural and art institutions, foundations, banks, asset management companies, family offices, artists and corporations. We also have advisor relationships with leading financial institutions. Our aim is to be at the crossroads of a multiplicity of clients and of a wide range of expert services.
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