Art Services and Storage Articles
Art Collectors, Pay Your Taxes
States are targeting those who avoid sales and use taxes States are cracking down on art collectors who aren’t paying taxes owed on their purchases. States don’t release details about investigations into evasion of taxes on art purchases. But according to lawyers...
Sales Tax in New York State for Exempt Organizations
WHO IS ELIGIBLE? Tax exempt status may be granted by New York State to any not-for-profit corporation, association, trust or community chest, fund, foundation, or limited liability company organized and operated exclusively for religious, charitable, scientific,...
How To View The World’s Biggest Museum Collections Even As COVID-19 Brings The Art World To A Halt
“The purpose of art is washing the dust of daily life off our souls.” _ Pablo Picasso Nearly every major art institution has temporarily shuttered its doors as the world obsessively wrings and washes its hands amid surging consternation over the spread of COVID-19....
10 Galleries to Visit Now on the Lower East Side
Galleries, small and midsize, are having a rough ride. Rents keep climbing. So do art-fair fees. And certain people who might help pay the gallery bills — collectors, big-museum curators — keep not showing up except at a handful of spaces with social cachet and...
A Poor Collector’s Guide to Buying Great Art, in 10 Useful Tips
Erling Kagge is a Norwegian art collector, explorer, mountaineer, publisher, and lawyer. He gained fame for being the first person to walk to the South Pole alone, and he has also climbed Mount Everest. Today, he runs the publishing company Kagge Forlag, which he...
The Best Investments of 2018? Art, Wine and Cars
Who beat the market this year? Investors who like the finer things in life. Luxury assets, including wine, art, classic cars and fancy colored diamonds, have outperformed stocks and bonds this year. “People are looking for a place for their cash, and the security of...
Vogue: How To Collect Art
In The Price of Everything – a new HBO documentary, which takes rare glimpse into art collecting process through the voices of the collectors themselves – the film’s director Nathaniel Kahn describes the art world as a slippery fish, “one that I have tried to get...
Shipping firms seek to replace single-use crates
Thousands of items have been shipped to Frieze London and Frieze Masters from around the world—but how these works are transported, and at what cost, remains something of a trade secret. Now, as public awareness of the environmental impact of packaging increases, a...
NYC Sales & Use Tax – Important Guidelines for Artwork
Collectors, galleries, indeed anybody who buys, sells, and collects artwork should be aware of rules governing sales tax. Purchases in NYC are subject 8.875% tax. This includes a NY State rate of 4%. As with most items, artwork purchased in NYC for shipment to another...
5 Things Every Collector Needs to Know about Art Insurance
5 Things Every Collector Needs to Know about Art Insurance (11/11/16) For many of us, amassing a robust collection of works by the artists we love is more a dream than a reality (though startups like Art Money are working to provide interest-free loans that should...