Notes for trust officers, private bankers and others concerned with estate and trust planning, from a Merrill Anderson Senior Editor and his retired mentor.
Saturday, May 23, 2020
Boom in Borrowing Against Art
Andy Warhol, Dollar Sign
Sotheby’s reports “a tenfold increase” in requests for loans secured by works of art. One reason: collectors’ estates face estate tax deadlines and cannot wait until Sotheby’s auctions resume to liquidate their artworks.
1 comment:
Great link, JLM. It's going straight into all our publications.
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