Expert Views : Art Banking
What is Art Banking? What is Société Générale Private Banking's approach in this field? Why consider art in your wealth management strategy?
What is Art Banking?
What is Société Générale Private Banking's approach in this field?
Why consider art in your wealth management strategy?
Art Banking: insights
Art Banking or Art Advisory refers to a unique set of services orchestrated by Societe Generale Private Banking and delivered to a large extent by a series of art world experts that we have selected with great care. The subjects we cover are extremely diverse, going from the assistance in the authentication, the valuation, the acquisition, or the disposal of artworks or collectibles to putting together inventories, managing collections, helping our clients to reflect on the way they own or may want to transfer their assets to the next generation. Helping other clients to combine an interest in the art and a generous intention, let's call this, arts and philanthropy.
For which client profiles?
Our clients are extremely varied as well in terms of profiles. At one end of the spectrum, some of our clients may not be interested at all in the arts, but have inherited of works of art or collectibles that need to be sometimes authenticated, very often appraised in view of a potential disposal. Other clients are very seasoned collectors who need to be assisted in the way they structure a donation of a work of art, or even of an entire collection to their children or to their grandchildren. Other clients may want to be helped in the way they are thinking about putting together an artist residency program or an art prize. Some of our clients are also interested in getting invited at one of the great events we organized very regularly in the art world.
Collectibles: an asset class in its own right
We do not present the acquisition of works of art or collectibles as a financial investment our clients should expect a capital gain from. We really believe that the “raison d'être”, the reason why a work of art is created in the first instance is to generate pleasure, esthetic pleasure, intellectual pleasure, to participate as well in the pleasure of the collector, to be surrounded by beautiful objects. All this you cannot measure in euros, sterling or dollars. But at the same time, financial stakes can be quite significant and it is, in our opinion, absolutely essential that our clients are well assisted when it comes to dealing with this very special class of assets that are collectibles and works of art.
If you would like to know more about our services, please do engage in a conversation with your private banker and we will be delighted to help you dealing with your works of art and collectibles.
Would you like to discuss this subject further with us?
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Contact private banker to find out whether these offers are suited to your needs and adapted to your investor profile.
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