An Auction House Insider’s Perspective On Selling Fine Art and CollectiblesAn Auction House Insider’s Perspective On Selling Fine Art and Collectibles

Congratulations, you’ve been appointed the executor or trustee and now have a fiduciary duty to manage the property of the trust and estate including the beloved tangible personal property of your late client, family or friend! Her tangible property may include a variety of appreciating and sometimes depreciating property from fine art, antiques, antiquities, Asian art, jewelry and motor cars to rare books and manuscripts. For all but the most sophisticated, astute collectors, selling fine art and collectibles at auction can be an overwhelming experience. Let’s breakdown the myriad of factors that fiduciaries should consider when contemplating the sales of trust and estate property.  

Private or Public Auction Sales? 

Two initial decisions...