Artists’ Estates – Inventory, Appraisal and Legacy

This panel of experts in art law, fine art and business appraisal practice, insurance, and estate planning will discuss the specific steps that artists, their advisors, family members, and fiduciaries should take both pre- and post death to ensure an expedient and comprehensive appraisal process which is in line with the artist’s desired legacy.

Panelists will share their experience with preparing estate tax appraisals for artists and will address IRS expectations in these situations, the content of the appraisal report, timelines for the report’s preparation and delivery, and specific recommendations for “do’s and don’ts.

Topics to be covered include: the importance of inventory management, classification and cataloging the art and archives, the location and condition of art property, insurance coverage and liability, authentication procedures, copyright and intellectual property issues, contract memorialization, blockage discount calculations, fees, and trustee selection.

• Ashley Farrell, Senior Director, Collection Management, Winston Art Group
• Carsten Hoffman, Managing Director, Stout
• Karen McManus, President, Jacqueline Silverman & Associates 
• Mary Pontillo, National Fine Art Practice Leader/Senior Vice President, Risk Strategies
• Diana Wierbicki, Global Head of Art Law, Withers Bergman LLP

The Veil May be Lifting:
What the Art Market Needs to Know About Current and Upcoming Disclosure and other Regulatory Requirements

In the U.S., beginning with the antiquities trade, regulators have their eyes trained on the art market to prevent money-laundering and other criminal conduct.  Regulators in Europe have imposed similar requirements as well.   This panel will analyze what regulations exist and which ones are likely just around the corner, and will suggest what best practices need to be in place when doing business in the art market.

• Sandrine Giroud Esq., Partner, Lalive SA
• Rena Neville Esq., Director, Corinth Consulting
• Victor J. Rocco Esq., Partner, Herrick Feinstein LLP
• Howard Spiegler, Member, Kaye Spiegler, Moderator