KNOWLEDGE BASE
Mastering Art Collection Management for the Executor: A Comprehensive Guide
This article is intended to help a family member, executor, or estate lawyer in the process of handling a large art collection as part of an estate settlement.
Extreme Weather Is Making It Riskier to Insure Art
With rates of natural disasters caused by climate change on the rise, insuring private art collections is becoming more complicated and more expensive. People have been insuring art since the late nineteenth century, and in general, fine art insurance was relatively...
Renwick Fine Art Services Downtown Viewing Room (OPENS)
Renwick Fine Art Services Downtown Viewing Room38 Renwick Street, New York, NY, 10013 Downtown Viewing Room Services: Half a day rental: $300Full day rental: $500After hours rental: $1000, or $250 an hourInquire about available roof deck garden Notes: All rental...
Renwick sponsors Downtown Gallery Map
Renwick is pleased to be able to sponsor Downtown Gallery Map featuring New York Art galleries. They are divided by neighborhood and a pdf can be download. See: DownTownGalleryMap and enjoy your art.
Art Collector Guide to Sales Tax NYC
Sales tax in New York City (NYC) is a tax that is levied on the sale of most tangible personal property, as well as certain services. The sales tax rate in NYC varies depending on the location of the transaction and the type of product or service being sold. In NYC,...
Art Daddy: Everything About Sales Tax that Artists Should Know
The mere mention of “sales taxes” may send shudders through an artist who would prefer to work eight hours in a studio than spend 15 minutes crunching numbers. On the other hand, if an artist is worried about “sales taxes,” it also means something quite fantastic:...
Climate chaos: NYC to bear the brunt of worsening storms, study finds
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...
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,...