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.
Someone once quipped that buying a boat is the equivalent of standing in a shower, ripping up hundred-pound notes. The witty remark was, of course, referring to a small jet boat – anyone who has ever owned a yacht knows that in all likelihood a zero (or three) ought to be added to the notes referred to in the gag. There is no doubt that buying and owning a yacht involves a significant capital injection. However, there are ways you can operate your yacht as a business, enabling you to plan for tax and minimise legal wrangling with foreign jurisdictions. One of the ways a yacht can be turned into […]Read more
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
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