Four Tax Tips for Art Collectors to Keep in Mind This Year

Perhaps the biggest shift in tax policy for art collectors in recent years came in 2017, with the elimination of the “like-kind” exchange for the category of art. This exchange allowed a collector to defer capital gains tax, provided they put the profits from the purchase toward another asset of the same kind—in this case, art. The Tax Cuts and Jobs Act of 2017 curtailed the use of the like-kind exchange to real estate transactions. And although many predicted that the elimination of the like-ki

$29.8-Million Hockney Can’t Escape Brexit’s Shadow at Sotheby’s in London

Brexit hung over the Sotheby’s sale both figuratively and literally:Vote to Love (2018), a work painted on a “Vote to Leave” pro-Brexit placard, was the night’s third lot and sold for over twice its low estimate, fetching a hammer price of £950,000 ($1.2 million), or £1.15 million ($1.4 million) with fees. But Britain’s final departure from the European Union on January 31st may have tempered bidding on the sale’s higher-priced works and impacted its bottom line.

20 Trailblazing Artists with Major Museum Shows in 2020

Artemisia Gentileschi is the world’s best known female Renaissance painter thanks to feminist scholarship in the 1970s and ’80s. Recently, her work has achieved new resonance due to the #MeToo movement and a reassessment of female artists’ roles in art history. For many years, Gentileschi’s depictions of strong heroines and acts of vengeance, like in her seminal work Judith Slaying Holofernes (ca. 1620), were considered reactions to her own sexual assault. However, recent scholarship has portray

How a prolific forger fooled the art world

Art dealer Eric Hebborn had a golden rule: He never worked with amateurs. Anyone looking to buy a painting or drawing from his business, Pannini Galleries, needed to be someone who specialized in art, who believed themselves able to tell if a work was a genuine Brueghel or Van Dyck. And if after they took that artwork home or sold it to another gallery or a museum, it turned out to be a fake, well, that was on them for failing to recognize a forgery.