Art & Finance Report 2016 4th edition 2 Art & Finance Report 2016 3 4 Art & Finance Report 2016 5 6 PROTEC TING AND GROWING YOUR WEALTH FOR FUTURE GENERATIONS Private Banking CONCORDIA - INTEGRITAS - INDUSTRIA The lion on our emblem symbolises the strength and excellence at the service of our clients every day. edmond-de-rothschild.com Art & Finance Report 2016 7 2014_EdR_Campagne.indd 2 16.06.14 16:59 © SUMO/I Don’t Worry ‘Cause I Know, 2015, Acrylique et aérosol sur toile, 140 x 100cm Deloitte’s services within the art market’s ecosystem 01/ 02/ 03/ 04/ Traditional Public sector, Private wealth Product consulting for museum, cultural art-related development art-related institutions services (i.e., art funds, art financing models) companies strategy • Strategy & operations • Strategic planning • Tax • Art investment • Finance • Impact analysis • Art-secured lending • Art & collectible funds • Marketing & feasibility study • Strategy, operations and • Art enhancement • Tax • Finance risks management • Education • Global outsourcing and • AML and forensics shared services centers Deloitte Luxembourg contacts Vincent Gouverneur Adriano Picinati di Torcello Partner - Art & Finance Initiative Leader Director - Art & Finance Initiative Coordinator +352 451 452 451 +352 451 452 531
[email protected] [email protected] www.deloitte-artandfinance.com © 2016 Deloitte Touche Tohmatsu Limited © Vincent van Gogh, Boomwortels/Tree-roots, Van Gogh Museum, Amsterdam (Vincent van Gogh Stichting/Foundation) Table of contents Foreword 10 Deloitte US 11 Introduction 12 Key findings 15 Priorities 21 1. The art market 24 2. Art and wealth management survey 52 Art & finance services—future directions 60 A. Private bank and family office survey findings 60 Art-secured lending 78 B.