Unlock the potential of your art collection.
Specialized Advice to Help Navigate the Complexities of the Art World
Our Approach
At Bank of America Private Bank, 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 via Bank of America by lending against collections when certain criteria are 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.
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Unlocking the Power of Art
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Evan Beard
Art Services Executive
Hi, my name is Evan Beard. The art services comprises four key capabilities. Art lending, art planning, consignment services, and arts institutional services.
On screen copy: Art Lending Art Planning
Consignment Services Arts Institutional Services
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Art Lending
We have one of the largest art lending businesses in the world, whether it's unlocking capital while keeping 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
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
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
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.
Disclosure:
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.
Our art service group, which is part of a broad enterprise that has a deep long-lasting commitment to the art space, will fund projects all around the world at 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 |
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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Services
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Nonfinancial assets, such as closely-held businesses, real estate, fine art, oil, gas and mineral properties, and timber, farm and ranch land, are complex in nature and involve risks including total loss of value. Special risk considerations include natural events (for example, earthquakes or fires), complex tax considerations, and lack of liquidity. Nonfinancial assets are not suitable for all investors. Always consult with your independent attorney, tax advisor, investment manager, and insurance agent for final recommendations and before changing or implementing any financial, tax, or estate planning strategy.
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Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”).
Investment products:
| Are Not FDIC Insured |
Are Not Bank Guaranteed |
May Lose Value |
Bank of America, N.A., and U.S. Trust Company of Delaware (collectively the “Bank”) do not serve in a fiduciary capacity with respect to all products or services. Fiduciary standards or fiduciary duties do not apply, for example, when the Bank is offering or providing credit solutions, banking, custody or brokerage products/services or referrals to other affiliates of the Bank.
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