A composite of studies of trust and estate attorneys, trust officers, and financial planners revealed that:

• Fewer than 10% of plans for their clients addressed art, antiques, and collectibles

• Fewer than 10% used art assets in intergenerational planning

• Fewer than 15% used art assets in philanthropic planning

• Fewer than 5% realize that the true cost of selling a million dollar painting at auction is approximately 35%

• Fewer than 1% used the services of an art succession planning specialist

So what’s the problem? The problem is that collectors and their families can lose, at minimum, as much as 75% in the value of the collection if upon death items are sold through traditional means.

Read our white paper to find out more.