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Safeguarding Cultural Heritage Through the Largest Art and Collectibles Transfer in History

Amidst the Great Wealth Transfer, assets of every kind, including art and collectibles, are changing hands. How can we ensure that objects of cultural importance are preserved for future generations?

To be a collector of any kind—fine art, jewelry, watches, cars, memorabilia, fossils, design—is to be a steward of cultural and historical heritage. Artworks in particular shape history and culture on a broad scale and form the stories of the individuals, families, and communities that love and protect them. With each acquisition comes the responsibility of caring for an object which, when managed thoughtfully, will outlast the collector’s own lifetime. A central question for every collector, then, is, “Who will be the next to take on this custodial role?” A specialized team of expert advisors can help collectors navigate these decisions and complex transitions. With an estimated $992 billion of art and collectibles changing ownership over the next decade according to Deloitte, now is the time for collectors to start planning for what comes next.

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As collections of art and cultural objects pass to new generations, preserving cultural heritage requires proactive risk management and collaboration among collectors, family members, institutions, estate planners, advisors, auction houses, and insurers. Collectors must not only........

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