Art banking
Definition
What is Art banking?
Art banking is a specialized service offered by private banks to support their wealthy clients in the strategic management of their artistic assets. It is primarily aimed at HNWIs (High Net Worth Individuals) and families who own collectible assets, integrating art as a fully fledged component of their overall wealth portfolio.
Key objectives and services include:
Advisory on the acquisition and sale of artworks: identifying opportunities, conducting market analysis, and negotiating transactions.
Expertise and valuation: appraising artworks, auditing collections, and monitoring market trends.
Wealth structuring: integrating artistic assets into the client’s overall wealth management strategy.
Tax and legal support: covering art-related taxation, inheritance, and succession planning.
Financing: credit solutions secured by works of art.
Support in conservation and security: recommendations for insurance, restoration, and logistics.
Privileged access to the art market: partnerships with auction houses, galleries, and renowned experts.
In summary - Art banking
Art Banking combines financial expertise with deep knowledge of the art market to transform art collections into drivers of long-term asset value, while preserving their cultural and emotional significance.
Societe Generale Private Banking provides many of the above-mentioned services to its clients in France and internationally.