In recent years, the remarkable upturn in terms of quality and volumes of the art marketplace has drawn burgeoning attention towards fine arts and valuable collectables, owed to their twofold value as artworks and as an alternative investment asset class.
In acknowledgment of such an upcoming demand, CBA has been developing and fostering its specific Art Law practice in order to provide tax and legal advisory services, including through its international network, in favour of private owners of artworks and art industry players (artists, galleries, private collectors, auction houses, museums, archives, foundations) to advisory businesses (family offices, wealth managers, private bankers, insurance companies), and assist them in the management, protection and handover of their art wealth, such as:
- Sale and purchase of works of art
- Authenticity and attribution of artworks
- Assistance in drawing up safe-custody, deposit or lending agreements
- Import, export and international circulation of works of art
- Management, improvement and protection of art wealth
- Donations and inheritance of single works or collections
- Generational transfers of single works or collections
- Setup of foundations, domestic trusts and benefit companies
- Transport, safe custody and insurance of art works
- E-commerce of art works and art-related services
- Copyright and protection of art production
- Art secured lending
The members of CBA’s Art Law Department are frequently involved in the most notable events, with some prominent university professors specialized in the fields of art market and law, and their articles, institutional publications and commentaries to the laws and regulations in force from time to time appear on a regular basis on specialized magazines and journals.