High Value and Luxury Assets
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The Art Paris Art Fair, which kicks off at the end of March, is one of the leading spring events in the art world. With around 145 exhibitions from over 20 countries, representing 2,200 artists and held in the Grand Palais, the event attracts an array of fans, including wealthy individuals with a refined knowledge of art from all over the world. Art fairs are one way to pick up a desirable piece of work directly from the artist. The other primary driver of art sales is galleries. High-end artwork, the kind that passes from one private collector to another, is mostly sold at auctions. With that said, as the […]Read more
Selling fine art at auction is not for the faint-hearted. Selling fine art at auction- Auction house Sotheby’s announced in January that ‘Bauerrngarten’, a stunning 1907 masterpiece by Gustav Klimt, would be the highlight piece of its Impressionist and Modern Art sale which took place on 1st March 2017. The landscape, which was first exhibited in Vienna in 1908 is expected to fetch over $45 million. Major auction houses such as Christies, Freeman’s and Sotheby’s seem to be ruthlessly discriminating and focusing on major trending works which can sell for millions and the artists who are ‘hot’ at a particular moment. Along with selling under the hammer, the great auction houses will […]Read more
What is a Shareholders’ Agreement? We often have clients who tell us that they have started a new business and have been advised by friends / colleagues to enter into a shareholders’ agreement. We are frequently asked why a shareholders’ agreement is needed and the matters covered by the agreement. To put it simply, a shareholders’ agreement is a private contract that can be entered into by some or all of the shareholders of a company to regulate the affairs between them. It gives rise to contractual obligations between the parties and the usual contractual remedies are available in the event of breach. The structure and provisions within a shareholders’ […]Read more