What is Art Banking? - Expert Views
What is Art Banking? - Expert Views
Art Banking: insights
"Art Banking" is a term that you may not be familiar with, and for good reasons: we have coined it to refer to a unique series of services orchestrated by Societe Generale Private Banking and, mostly provided by professionals from the art world. These services cover a wide range of subjects, from the appraisal, authentication, purchase or sale of art objects and collections, to assistance in setting up inventories, to thinking about how to hold or pass on assets to the next generation, insurance solutions, and even the exciting subject of philanthropy and the arts.
Our clients have extremely diverse profiles. Some people are not interested in the arts at all, but have inherited a work of art and need an estimate of its value and perhaps later assistance in selling it. Others are seasoned collectors, interested in auditing their insurance policy, or wishing to address specific legal or tax issues related to a donation, for example. And our clients can also be first-time buyers, who are making their first significant purchase or starting a real collection, or who are interested in philanthropy, or who simply wish to attend some of the major events and meetings we organize.
For which client profiles?
Artistic heritage: what is at stake?
Beware, we never present art as a classic "investment", from which a financial return, a financial gain, should be expected. The vocation of a work of art is first of all to provide intellectual and aesthetic pleasure, or the pleasure of owning a beautiful object or even collecting, and all this, obviously, cannot be measured in euros or dollars. This justifies - or even imposes - being accompanied by experts in their respective fields, selected from the worlds of auction houses, art consulting, insurance, law or taxation of artistic heritage. An accompaniment that allows you to navigate the world of art with more information and guidance.
Very often, our conversations begin with a visit to the Societe Generale contemporary art collection. This is another important point that deserves to be highlighted: for several decades, Societe Generale has been involved in the art world, and in particular, in contemporary art, which we collect. We are very proud of our house's passion for art, which we like to share with our Private Banking clients.
So do not hesitate to contact your private banker. We will be very happy to start a conversation and help you realise your projects regarding work of arts or art collection. In the meantimeI thank you for your attention and say see you soon maybe!
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Find out more about our Art Banking expertise by consulting our dedicated page.
Societe Generale and the Arts
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Important information - The content provided on this page is for informational purposes only and is not contractually binding. It is not intended to provide investment advice or any other investment service and does not constitute a personal recommendation, advice, or an offer from Societe Generale Private Banking to purchase, sell or subscribe to investment services and/or financial products and/or transactions in pleasurable assets, such as art. The information presented above shall not be considered legal, tax or accounting advice. Societe Generale Private Banking shall under no circumstances be held liable for any decision taken by a reader on the basis of this information.
All Societe Generale Private Banking entities reserve the right not to update or amend this document and shall accept no liability in this regard.
The wealth management and financial solutions, offers, products, pleasurable goods and activities mentioned on this page depend on each client's personal situation, the legislation applying to him/her and their tax residence. Consequently, the offer presented may not be eligible for implementation, adaptation or approval at all of the Societe Generale Private Banking entities and must comply with Societe Generale Group's Tax Code of Conduct. Furthermore, access to some of these products, services and solutions is subject to specific conditions, notably in respect of eligibility.
Please contact your private banking adviser to check that these offers meet your needs and are suited to your investor profile.