Being an art collector, foundation or gallery comes with a unique suite of tax implications. Whether the issue is to mitigate the tax burden of collecting or selling art, or a family is looking to efficiently transfer wealth to future generations, it is critical to work with advisors with a comprehensive knowledge of the tax codes and legislatures governing the art and collectibles world. Under the umbrella of Anchin Private Client, Anchin’s Art Group offers high level, value-added services solving a variety of needs and issues. Our service offering includes:

  • Art collectors and investors
    • Tax strategies
    • Wealth transfer planning
    • Asset tracking
    • Nexus
  • Art galleries
    • Financial statement preparation
    • Needs assessment and advisor introductions – banking and other specialists
    • Specialized accounting requirements
  • Artist endowed foundations
    • Entity formation
    • Governance and board development
    • Family participation
    • Staffing and foundation management
    • Inventory control and monitoring
    • Strategy analysis and grant implementation