Andy Warhol's Dollar Signs
In my last post I repeated the oft-quoted line that two things most people fear most—death and taxes—are among life’s most inevitable events. In the art world, even the savviest collectors are keen to keep abreast of the most cost-effective way to pay (or avoid) taxes and tariffs, which can balloon the price of a newly-acquired work, or reduce the profit of recently-sold one.
I recently read a cursory but helpful article from Artsy pointing out some useful hints about financial regulation in the art world. Knowledge is power! Read on here.