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Art & Wealth management

Understanding the global art market and art investment

Professional financial advisors, institutional investors and private investors have come to appreciate art as a real asset. We offer a wide range of audit, consulting, risk and tax services that pertain to the art world in coordination with our network of international experts.

Art and collectible assets can represent sizable assets for many HNWIs & UHNWIs. Art proves to have longevity and substance as an alternative asset class. There has been a growing interest in art related services among the financial community and an increasing focus on portfolio diversification from clients.

These developments show that there is a significant opportunity to integrate the concept of collectible assets in wealth management. Services such as asset allocation strategy, liquidity optimisation, manage over-exposure to risk, develop appropriate reporting, optimise taxation or organise appropriate transmission to heirs / effective tax and inheritance planning for collections or gifting or donation to charity are examples of services that can be integrated in an extended wealth management service offering.

Deloitte Luxembourg is actively involved to support the set-up of an Art and Finance cluster in Luxembourg. One milestone project is the Luxembourg Freeport facilities, which can be used to keep for an unlimited period of time high-value objects – fine wine, art, jewellery - in duty-free and tax-free warehouses providing state-of-the-art security.