High Value and Luxury Assets
Request a callback
Beautiful objects have always captured peoples’ imagination. Acquiring or selling an antique piece of furniture or a rare, valuable collectable may seem simple, but there are some legal matters both a buyer and seller need to be aware of.
At Saracens Solicitors, we are experts in the law surrounding the sale and purchase of antiques and collectables. From defining whether or not an item falls under the definition of ‘treasure’ to establishing ownership, to the laws surrounding the auction process, we can advise you in a clear, competent manner, allowing you to indulge in your new purchase, or enjoy the proceeds from your sale.
There are a number of ways to buy and purchase antiques in the United Kingdom including:
If you are purchasing an antique from an auction remember the golden rule of Caveat Emptor or Let the Buyer Beware.Ensure you or your representative have a chance to inspect the antique thoroughly, to ensure there are no defects.
The Treasure Act 1996 defines treasure or ‘treasure trove’ as:
There is a legal obligation for finders of treasure to notify the local coroner within 14 days. Before you make any attempt to sell an item that may be considered treasure you need to obtain legal advice as to who is entitled to claim legal ownership of the item or items.
Our solicitors are fully versed in the complexities surrounding the law of ownership of treasure and other antiques. We will also advise you on any VAT issues which may arise from your purchase.
To talk to us further about acquiring or selling antiques please phone our London office on 020 3588 3500
or request a call back and we will be in touch as soon as possible.
On 11th October 2016, on her first solo overseas trip, HRH The Duchess of Cambridge proved she is a master of creating an iconic image. Knowing she would be viewing Johannes Vermeer’s celebrated ‘Girl With A Pearl Earring’ held in the Mauritshuis Museum in The Hague, she choose to wear a pair of beautifully crafted pearl earrings herself. The result – an image that is a work of art in its own right. The British Royal family owns the largest private art collection in the world. Over the centuries, it has built up a stunning portfolio, including works by Leonardo da Vinci, Vermeer, Caravaggio and Rembrandt. There is a key reason why […]Read more
STUCK BETWEEN A YACHT AND A HARD PLACE? Navigating the risks of buying a yacht Cruising around the South of France for weeks basking in the glorious Mediterranean sunshine, sailing past Cannes and Monte Carlo in a beautiful yacht nestled on the azure waters while the gentle waves rock you slowly into a deep sleep. Sounds like a dream but taking it beyond the realms of your imagination is easier than you think. Saracens offers straightforward advice on what to do when buying a yacht.Read more
I got a call last week from a worried but well-spoken young lady needing help in getting a divorce. Determined, but scared about what would happen if she made the first move, we discussed her partner, a wealthy businessman who controlled her assets, her kids, basically her whole life. She had never dealt with the family’s finances as her husband had “taken care” of it all. After 10 years of marriage, she realised that she did not want to be trapped in this kind of controlling relationship – She wanted out… But didn’t know what to do.What should you do in this situation? I gave her the same advice I give […]Read more