Protecting art assets: the solution offered by trusts

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The art market is undergoing a phase of deep evolution, influenced by new dynamics and a generation of buyers and collectors that is radically different from the past. In this ever-changing scenario, it is no longer enough to accumulate works of art or collectible items; it is essential to manage, preserve, and protect them by adopting appropriate tools, especially in view of a potential generational transfer or when there are no heirs ready to take responsibility for the collection.

In an article published in Quotidiano Nazionale Economia, Elmira Shahbazi and Beatrice Molteni delve into the importance of protecting art and collectible assets over time. The experts highlight how managing a collection should go beyond mere acquisition, addressing the need for its conservation and long-term enhancement.

One useful tool in this context is the trust, which allows for the centralized management of the artistic heritage, preventing the fragmentation of the collection and preserving the collector’s original vision. Through the trust, it is possible to create a system that ensures the continuity and care of the collection, respecting the owner’s intentions and securing the protection of the assets over time, even in the absence of heirs who are interested or prepared to manage them.

Full article on QNEconomia >

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