by Joseph Pryor | Mar 26, 2023 | Articles, Knowledge
Batten down the hatches — the Big Apple faces a greater rise in the risk of catastrophic hurricane damage over the next 30 years than any other city in the nation. By 2053, New York City will see a 302% increase in average annual losses as climate change intensifies...
by Joseph Pryor | Apr 8, 2020 | Knowledge, Articles
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...
by Joseph Pryor | Apr 8, 2020 | Articles, Knowledge, Uncategorized
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,...
by Joseph Pryor | Jan 9, 2019 | Articles, Knowledge
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...
by Joseph Pryor | Jun 6, 2018 | Knowledge, Articles
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...
by Joseph Pryor | Apr 8, 2017 | Articles, Knowledge
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...