Gregor Kleinknecht, who is a Partner at Hunters specialising in art law, comments in WealthBriefing on the benefits and risks of passing on art collections:

“Regardless of whether the next generation shares your passion for art and the objective is to transition the collection in the most efficient way to the children, or whether the next generation is disinterested and the collection is to be divested (perhaps with some pieces being gifted or loaned to public institutions), the key to success is obtaining early and holistic advice.”

Read the full article in WealthBriefing here.