Pity the big-time art collector (really!). All that time and money building a collection of art that is apt to go away just before or just after the collector dies. Because, when planning their estates, the three typical options for them are: The art can be willed to heirs who, if they like their parent’s […]
‘Tis the season to give charitable donations—for tax reasons as much as philanthropic ones. But it’s not always simple to give an artwork or an art collection to a museum. For most art museums, receiving donations of objects is relatively easy. The person making the gift turns over the items along with “a deed of gift, transferring […]
It’s an artist’s dilemma: collectors are often more eager to buy a well-established artist’s early work than whatever he or she may be putting out now. Italian Surrealist Giorgio di Chirico famously resolved the problem in a controversial way, intentionally misdating some of his 1940s paintings because they were not nearly as sought-after as his […]