Where simple due diligence enhanced a professional’s relationship with his client.

Client wanted to start building an art collection and had negotiated to buy a work from an art dealer in Western Asia. His private banker was aware of the risks and asked Cadell for a second opinion.

Research by a sector expert revealed that the resale value of the work would be 60% less than the dealer’s asking price. The client walked away from the deal and thanked his banker for looking out for him.