Collector Sues IRS For $40 Million in Art Taxes Paid

artnet news | By ALEXANDER FORBES Barbara B. Allbritton has sued the United States Internal Revenue Service (IRS) with the intention of recouping $40.6 million in taxes she and her family paid following the death of her husband, millionaire media mogul and banker Joe...

What is connoisseurship?

A couple of years ago I was bemoaning to a colleague that, while I see a lot of really good, solid work, it is becoming less and less frequent that a photograph or series wows me. I told her, quite honestly, that I was worried that I was becoming a snob. My colleague,...

Tips for Dividing Art in a Divorce or Death

Fights and Taxes Can Arise When Art Collections Must Be Broken Up THE WALL STREET JOURNAL | by DANIEL GRANT September 21, 2014 Who gets that painting? Of all the fights that can erupt during divorce proceedings or when a family member leaves behind a large estate,...

The Vivian Maier Archive—A Guessing Game

Managing the archive of a deceased artist can be a challenge, especially if the artist has not specified their wishes before death, written or otherwise. While some high profile (and staggeringly organized) photographers like Richard Avedon left a detailed directive...

Buyers Find Taxbreak on Art

NEW YORK TIMES | By GRAHAM BOWLEY and PATRICIA COHEN EUGENE, Ore. — The Jordan Schnitzer Museum of Art, tucked into a quiet corner of a college campus here in the hills of the Pacific Northwest, is hardly the epicenter of the art world. Yet major collectors, fresh...

Scores of Helmut Newton Forgeries Discovered

This article illustrates perfectly why it’s important to work with a reputable dealer or auction house that knows the artist’s work and has access to the Estate or Foundation if there are questions about the artwork. —Stoots artnet News | Alexander FORBES...