Finding truly independent advice to assist in separating works to be placed in museums from those to be sold was the situation that the trustees, lawyers and beneficiaries faced. The concern was that so many ‘traditional advisers’ would have an interest in maximising the number of works to be sold. Cadell relies on repeat business […]
Posts from Richard Bagnall-Smith
Posted on: November 27, 2024 by Richard Bagnall-Smith
The trustee was faced with a situation where there was litigation between 3 of the parties involved within the structure, and as the structure was ‘dry’, the art collection needed to be sold to fund the litigation. However all parties had their own ideas on how they wanted to sell the collection, leading to a […]
Posted on: November 27, 2024 by Richard Bagnall-Smith
The client is an established name in the art world, sitting on a number of Museum Boards. She had built up a significant collection of contemporary art but recognised that conflicts of interest are endemic in the art market and didn’t feel comfortable with the advisers, auction houses and dealers who made contact when she […]