Art banking

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Art banking - one of the services offered by private banking, including professional advice in the collection of works of art.

The customer using this service receives help in acquiring works of art, their valuation or authenticity. The bank assesses the technical condition of the work and the current situation in the art market. As part of the art banking offer, the bank also represents the client at auctions, negotiates the price and other terms of the deal. In addition, it provides safe transport, storage, insurance and maintenance of exhibits.

The first bank in the world to offer art banking was the Swiss bank UBS. In 1998, he created the Art Banking and Gold & Numismatics, whose task was to acquire wealthy customers of works of art or collectors' collections. Bibliography

wiki

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