This year’s New York art auctions disappointed. The $1.4 billion in spring sales were 22% lower than 2023, and off 36% from 2022, according to the industry publication Ocula. There is plenty of ...

During Easter, children hunt for colored eggs, perhaps to earn a prize. When it’s tax season, the prizes adults hunt for are expenses that can be deducted from their earnings to lower their tax ...

Paintings, sculptures and other types of art carry potential tax advantages to their owners alongside their aesthetic beauty. Art is "not something that comes up all the time" in discussions with ...

The value of a collection often appreciates over time, but it also requires careful oversight regarding insurance, taxes and proper documentation. The joint report from Art Basel and UBS revealed ...

Sotheby’s will pay more than $6 million to settle claims it helped clients avoid paying taxes on high-priced art from masters like Basquiat by pretending the big-money collectors were resellers.

It might seem that first Brexit and now Labour’s proposed tax rises will only strengthen Paris’s position as an international art hub, particularly with Art Basel Paris opening in the newly ...

Still, there is one specific reason why Canadian public art collections keep growing: tax credits. In the 1970s, Canada finally realized that it was bleeding cultural property. The great Montreal ...

Paintings, sculptures and other types of art carry potential tax advantages to their owners alongside their aesthetic beauty. Art is "not something that comes up all the time" in discussions with ...