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Art Servicesfor Individuals & Families

Specialized Advice to Help Navigate the Complexities of the Art World

Unlock the potential of your art collection. 

Our Approach

At U.S. Trust, we offer extensive art services. We provide solutions for collectors and institutions while helping to navigate the complex art world. For individuals, we help collectors unlock capital by lending against collections when certain criteria is met. We also help design estate plan options to address tax and other implications of a collection, and help collectors prepare for a sale via consignment services. For institutions, we provide nonprofit advisory services, including endowment management and institutional investment management ranging from a collaborative model to a complete Outsourced Chief Investment Officer(OCIO) option.

Whatever your specific goals are for your collection, our range of capabilities, along with our commitment to the arts, can help us deliver a broad combination of services while considering the legacy and potential of your collection as part of your overall financial goals.

On screen copy: Unlocking the Power of Art

Evan Beard - Hi, my name is Evan Beard. I’m the national Art Services executive at U.S. Trust.

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Evan Beard

Art Services Executive

Evan Beard: U.S. Trust Art Services comprises four key capabilities.

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Art Lending

Art Planning

Consignment Services

Arts Institutional Services

Evan Beard: Art Lending, Art Planning, Consignment Services, and Arts Institutional Services.

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Art Lending

Evan Beard: We have one of the largest art lending businesses in the world. Whether it’s unlocking capital while keep the art on the wall to buy real estate, or to use as a working capital line for your small business, and in even some cases to pay down estate taxes, or to just buy more art.

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Art Planning

Evan Beard: At U.S. Trust we have a dedicated team of art planning specialists, whether it’s tax planning, philanthropic planning, transitioning their art into a museum, or building a museum around their collection, we’re there to navigate the disposition of the collection, and help collectors develop a legacy around that collection.

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Consignment Services

Evan Beard: Consignment services is a service we provide for our clients who want to save dollars on the consignment process. We can eliminate fees, negotiate guarantees through our official relationships with many of the auction houses.

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Non-Profit Services

Evan Beard: At U.S. Trust we have a very big institutional philanthropic business. We have a team of art specialists that will work with your entity on developing a strategic plan to operate within this very unique ecosystem known as the art world.

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Opinions are those of the featured participants and may differ from those of Bank of America Corporation and its affiliates. The information presented is for discussion purposes only and is not intended to serve as a recommendation and does not constitute investment advice.

Evan Beard: So our art service group resides within U.S. Trust, which is part of a broad enterprise that has a deep long-lasting commitment to the art space. We’ll fund projects all around the world of museums and the conservation of some of their great paintings.

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Investment products:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

Evan Beard: That commitment to the arts gives us a good bit of credibility, not only with the individual collector, but also that arts organization or arts institution.

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U.S. Trust operates through Bank of America, N.A., Member FDIC.

© 2018 Bank of America Corporation. All Rights Reserved.

Evan Beard: They feel very good about the fact that we’ve committed ourselves as an enterprise and support the arts in a very big way.

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Bank of America Private Wealth Management

Services

Art Lending

Our dedicated art credit specialists can help you unlock the potential liquidity of your collection through an art loan. You select the art that will serve as collateral, while simultaneously keeping your collection on display.

Nonprofit Services

Over 100 art museums and cultural institutions across the U.S. benefit from our endowment management, ranging from a collaborative model to a complete Outsourced Chief Investment Officer (OCIO) option. In addition, we can also offer consulting on governance, grants and donor strategies, and board relationships.

Art Planning

Our art-focused wealth strategists help you manage your collection as part of your overall financial strategy, considering tax, legacy and other implications in your trust, estate and philanthropic planning.

Consignment Services

We can help optimize the sale of your artwork via our consignment services capability. Our preferred relationships with auction houses and other service providers helps maximize the value of your transaction via prenegotiated terms, or we have the ability to negotiate customized terms for very valuable collections, all while keeping you apprised of art trends and seasonality.

Related Solutions

Wealth Planning

Custom tax and cash flow strategies and planning for future generations. 

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Family Office

Supporting your family enterprise now and for generations to come.

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Credit

Custom lending and credit solutions for short-term liquidity needs and long-term financial goals.    

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