BY ALAN BREUS, WealthManagement.com
The current swelling of demand for investment art has caused a sharp increase in legal proceedings over questions of authenticity and provenance.
The rise of social media has had a disruptive effect on art marketing. The internet has emerged as a marketplace in which artists can display their works, dealers can market them and buyers can discover them. This has increased the exposure of taxable estates and heirs to sophisticated counterfeiters.
This problem has harshly exposed the difficulties inherent in conducting suitable due diligence in such an opaque and unregulated market. Learn how evolving technologies and new standards of practice are responding to this problem in this article at wealthmanagement.com.
