Art Services

Bank of America credit specialists work with major auction houses and independent appraisers to provide an objective appraisal. You select the art used as collateral, while keeping your collection on display.

You can leverage your art to:

• Finance business goals
• Acquire additional artwork
• Use liquidity to take advantage of other financial opportunities
• Raise funds for donating and gifting

With our Consignment Services, an Art Services Specialist can work with you to manage the sale of individual pieces or an entire collection, bringing transparency to the auction process while helping you save time and money. We can consign fine art, including paintings, works on paper, photographs and sculpture, and collectibles, including classic cars, watches, jewelry, fine wine, handbags, and furniture.

We can help you:

• Plan for a thoughtful and competitive sales strategy
• Negotiate Seller’s Agreement and financial terms
• Reduce/eliminate seller’s commission and fees
• Secure robust marketing and PR package

Our solutions carefully balance considerations around taxes, wealth transfer and philanthropic goals as you consider the disposition plan for your collection.

We can help with:

• Determining sales strategies to minimize and defer taxes
• Gifting to family members
• Donating to a charitable institution
• Creating a private museum
• The sale of art or collectibles through Consignment Services

Each of these options has complex implications, which we can help you evaluate well in advance of making decisions.

We offer a full suite of art services for museums, foundations and institutions, ranging from investment management and lending, to comprehensive consultative services.

We offer:

• Endowment management services and complete outsourced investment function capabilities
• Consulting on governance, development strategies, and board relationships
• Lending solutions working with Bank of America credit specialists
• Consignment Services to help with deaccessioning