Knowledge Center

Monday, April 06, 2015

Key Issues for Collectors: Authenticity, Provenance, and Working with Museums

By Richard M. Horwood


"Transacational and Insurance Issues in Art and Cultural Property"

April 6, 2015

Chicago, IL

Individuals collect art for many reasons. Once the interest is sparked, a collector may begin to build knowledge by visiting museums, reading, perhaps taking classes, and visiting other collections, galleries, and art fairs. The education of the serious collector must also include understanding how art functions as an investment.

Collectors and their advisors need to treat the collection as a financial as well as an emotional investment and develop a strategy to develop, protect and enhance the value of the collection.

In his presentation, Richard Horwood explored the nexus of law and art ownership, provenance, authenticity, and donations. Richard used court cases, applicable laws and guidelines, and noteworthy recent news stories to highlight important issues. The presentation also drew on his new book, Planning for Art Investments, published by the Civic Research Institute.

Richard is a member of the HMB's Trusts & Estates Group and leads the firm's Art Law Practice. A complete agenda of the symposium is available. An outline and full description of his presentation is also available.

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