Premier Art Finance Artemundi Group / 2019 Premier Art Finance Artemundi Group : 201 | Page 20

N ew York · Lon d on · Mexi co City · M a d rid
ESTATE PLANNING .
When it comes to art collections, legacy planning comprises lifetime actions and contributions including testament
and bequest planning to make sure your collection passes to those who will cherish it most.
Legacy is not just how you want to be remembered, it comprises a set of guiding principles that your heirs will
be encouraged to uphold. Ensuring fulfilment of your vision and wishes may take many forms and be driven by
multiple factors: a desire to support philanthropies about which you are passionate, a concrete way for family
and friends to remember you, or creation of a mechanism to connect future generations.
According to Deloitte’s Art and Finance Report 2018, the next 30 years will witness the transfer of $30 trillion
USD of assets from baby boomers to millennials in the US alone. Yet more than 54% of private collectors have
not discussed bequeathing their collection with their heirs. Artemundi can help you design a plan to assure the
care and safekeeping of your collection.
Collectors: which of the art wealth management services are most relevant to you?
80
Investment Funds
70
Collection Management
60
Art & philanthropy
Art & Estate planning
50
Art advisory
40
Art valuation/appraisal
Art Market Research&
Information
30
20
2011
2012
2014
2016
2017
2019
©Deloitte Luxembourg & ArtTactic Art &Finance Report, 2019
Many collectors do not know their collection’s value
51% have never had their collection appraised
39% can not estimate the value of their collection
66% have never discussed their collection with a Financial Advisor
44% have not insured their collections
©UBS Investor Watch 4Q, 2017
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